Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Converting half the basement into a rec/play room........
Old 11-12-2007, 01:25 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Converting half the basement into a rec/play room........

Half the basement is about 500 sq ft. I have a friend that's pretty handy who offered to help.

Think I can get it done for $5000 or less? The local remodelers want $15-20,000.........

I want wiring on all 4 walls for outlets, a drop ceiling, drywall, and the I-beam posts, sump pump, and furnace boxed around.........
__________________

__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-12-2007, 01:28 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,871
FD, are you providing all the labor?
__________________

__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 11-12-2007, 01:42 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by travelover View Post
FD, are you providing all the labor?
Yes, along with my best friend who did his own rec room, and it is nice............
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 11-12-2007, 02:22 PM   #4
Recycles dryer sheets
 
Join Date: Jul 2005
Posts: 113
My best back of the envelope guess
drywall $350
framing $600
paint $200
electrical and lighting $500
carpet $1500 (add $500 for steps & assuming someone is installing carpet for you)
wall insulation $300 (optional)
drop ceiling $700

I assumed that the space is already heated/AC. If not you may be able to tap into an existing chase. If you are not having plumbing in the basement and avoid expensive lighting the cost should stay pretty low. I imagine you could stay under $5000.
__________________
boutros is offline   Reply With Quote
Old 11-12-2007, 02:28 PM   #5
Recycles dryer sheets
 
Join Date: Jul 2005
Posts: 113
To give you an idea of the other end of the spectrum. I recently had a client finish their basement for a grand total of 1.2 million. The project was nearly complete and the guy didn't like how little natural light came into the basement and the low ceilings. So it was all ripped out, they jacked the house 4 feet off of the foundation and filled in the space with a knee wall with windows. Then started over with finishing the space.
__________________
boutros is offline   Reply With Quote
Old 11-12-2007, 02:35 PM   #6
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Do you have drain tile? Is the basement absolutely dry? Try laying a piece of plastic on the floor and see if moisture forms underneath after a while.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Old 11-12-2007, 02:46 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by boutros View Post
My best back of the envelope guess
drywall $350
framing $600
paint $200
electrical and lighting $500
carpet $1500 (add $500 for steps & assuming someone is installing carpet for you)
wall insulation $300 (optional)
drop ceiling $700

I assumed that the space is already heated/AC. If not you may be able to tap into an existing chase. If you are not having plumbing in the basement and avoid expensive lighting the cost should stay pretty low. I imagine you could stay under $5000.
Space is not heated, but I think I can do a cold air return and tap into the ductwork with some vents to make it work.

No water problems, I had the walls Dry-Locked a couple years ago, and I live on the top of a hill. In 1997, we got 7 inches of rain in 8 hours, and no water, so I feel safe..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 11-12-2007, 02:48 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,913
Be sure to consider exits in case of fire.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Old 11-12-2007, 02:50 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by boutros View Post
My best back of the envelope guess
drywall $350
framing $600
paint $200
electrical and lighting $500
carpet $1500 (add $500 for steps & assuming someone is installing carpet for you)
wall insulation $300 (optional)
drop ceiling $700
We are going to do one big room essentially. I think the carpet is a little high, I know a guy who will do the steps and the entire area for $1000, as long as I am willing to be a little flexible on color.

I am considering foam board instead of batted insulation, I can save some money there.

My buddy says we can do a drop ceiling for $500 max...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 11-12-2007, 02:52 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by Brat View Post
Be sure to consider exits in case of fire.
Egress windows aren't required unless there's a bedroom down there. Maybe I need to put one in, though.........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 11-12-2007, 02:58 PM   #11
Full time employment: Posting here.
tightasadrum's Avatar
 
Join Date: Aug 2006
Location: athens
Posts: 802
FD, I will be finishing my basement next year if my plans work out. How about keeping us posted (with pictures) on your progress & costs, successes and problems. I would be very interested, since I plan on doing most of the work myself if back holds up.
__________________
Can't you see yourself in the nursing home saying, " Darn! Wish I'd spent more time at the office instead of wasting time with family and friends."
tightasadrum is offline   Reply With Quote
Old 11-12-2007, 03:24 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by tightasadrum View Post
FD, I will be finishing my basement next year if my plans work out. How about keeping us posted (with pictures) on your progress & costs, successes and problems. I would be very interested, since I plan on doing most of the work myself if back holds up.
Will do...........first modus operandi is to get DW to "agree" that the stuff we haven't used in 10 years is unlikely to be used in the next 10 years........

Funny little story: DW asked a contractor who was bidding on the job how much of the "stuff" in there would have to be moved to have the work done................. She seemed to think we could move all the stuff around as the work was getting done....... Funny how she didn't believe ME when I said we had to move it all, but a total stranger she believed......
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 11-12-2007, 03:27 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,913
Code is a minimum standard. IMHO every room should have two exit paths in case of fire. They shouldn't be close together (likely to be blocked by the same event.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Old 11-12-2007, 03:29 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,871
I'd suggest sketching it out wall by wall and develop a list of needed materials. You'll need to do this anyway, eventually. Then calculate how many 2x4's, drywall sheets, ceiling tiles and supports you'll need. Take the list to the big box store or lumberyard and get your costs. Should be well under $5K unless you overrun the beer budget.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 11-12-2007, 08:30 PM   #15
Full time employment: Posting here.
UncleHoney's Avatar
 
Join Date: Aug 2006
Location: Columbus
Posts: 769
FD

I redid my basement family room this past spring. Some of my costs were;

Ceiling tile 64 sq ft carton was $48. Plus the grid.

We installed commercial carpet tile at about $2/sq ft DIY.

The room was done about 20 years ago, so it was just time for a new ceiling, carpeting and vinyl wall covering. Plus we took out a wet bar we didn't use and added some storage space.

Some pictures.

Index of /familyroom
__________________
UncleHoney is offline   Reply With Quote
Old 11-13-2007, 05:21 AM   #16
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,598
Consider factoring in the cost/hassle of the permit/inspections required. Not sure about the entire country but some places will, if they find out you did it without a permit, require that the "improvements" be removed. The government is interested in your expertise at least to the point it increases the value, and hence the real estate tax assessment, of your home.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Old 11-13-2007, 07:39 AM   #17
Full time employment: Posting here.
tightasadrum's Avatar
 
Join Date: Aug 2006
Location: athens
Posts: 802
What? A permit? I ain't gonna git no stankin' permit!
__________________
Can't you see yourself in the nursing home saying, " Darn! Wish I'd spent more time at the office instead of wasting time with family and friends."
tightasadrum is offline   Reply With Quote
Old 11-13-2007, 08:50 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Don't forget to put in plenty of ceiling lights!

DW and I went around and around on this issue and fortunately I won. She doesn't like overhead floresents. I'm not real fond of them either, but they're cheap and put out lots of light and I installed plenty of them. Now, you can walk into the basement rec room, flip a switch and it's bright, very bright! If you're going to be down there to watch TV or whatever, you turn off the ceiling lights and flip on whatever floor and table lamps you want.

Give yourself the option of having it very bright down there when you want it bright. You can always turn 'em off, but if you don't wire and install them while doing the ceiling, you're in trouble.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 11-13-2007, 09:16 AM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,614
The biggest issue with basements is moisture. Not necessarily the liquid kind (sounds like you've got that under control) but water vapor that comes in all the time from the soil and through the concrete. Moisture needs to be handled in the right way, and a lot of contractors use plastic-which may meet code, but it is often not the correct way. (Plastic sheeting, especially on the "room side" of the walll, is going to cause a lot of trouble). Likewise, fiberglass insulation on the basement walls is a risky business-it can invite tremendous mold problems. Foam insulation--correctly applied so as to prevent interior air from reaching the cold concrete walls (causing condensation--> mold) is a good bet. It will also allow a limited amount of water vapor to pass through the wall, so the wall dries to the inside. That's good. Expanded Polystyrene (EPS) foam (usually white, often called "beadboard") dries better than Extruded Polystyrene (XPS) foam (the blue or pink stuff). EPS is also cheaper. Glue the stuff up, fasten wood battens through it and into your concrete/block, and attach your drywall to the wood battens. Mold lives on cellulose, and cellulose (paper) is what is on both sides of common drywall. So, if you want to be sure you're not creating a mold habitat, use the drywall that has fiberglass on both faces instead of paper ("densearmor" is one type, I think there are others.) It's not as cheap or widely available as the regular stuff, but if you've ever torn open a basement wall and looked at the back side of the drywall, you'll want to use this type of non-cellulose product.

Carpet on the floor: very comfortable, but often not a good idea in a basement. The concrete floor (under the carpet) will be below the dew point of the air, and there will be condensation that micro-organisms will love. The stuff that accumulates in the carpet padding is a feast for them. When finished basements smell bad, it's often because there's carpet in them. Maybe throw-rugs you can at least remove and thoroughly clean occasionally?

Here's the best site I know on this topic. It's from the folks at Building Science Corporation, and they've done a lot of research into this, have seen what works and what doesn't, and aren't trying to sell a particular product/system.

BSD-103: Understanding Basements —

Sounds like a great project. Good luck.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Old 11-13-2007, 09:47 AM   #20
Thinks s/he gets paid by the post
happy2bretired's Avatar
 
Join Date: Mar 2007
Location: Nebraska
Posts: 1,337
Off topic... UncleHoney, is that a Victrola in one of your pictures? It looks like the one that I sold at my auction. I also had an Edison, but the Victrola belonged to my Uncle for many years and I bought it from him. Now, it looks like you have it.
__________________

__________________
happy2bretired is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Converting the Garage into living space laurence Other topics 34 11-17-2007 11:36 AM
basement or not semtex FIRE and Money 68 01-13-2007 09:41 PM
Think twice before converting to a ROTH. Lakewood90712 FIRE and Money 43 03-21-2006 03:49 PM
Converting VHS to DVD? Nords Other topics 20 02-06-2006 11:29 AM
Selling House - Water in Basement - How to find independent analysis? dex Other topics 10 09-28-2005 12:20 PM

 

 
All times are GMT -6. The time now is 11:39 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.