Is it cost effective or even feasible to add a basement to an existing home? We currently have an older remodeled home that we love. The only drawback is that the basement is unfinishable (storage only - furnace, water heater, etc.)
01:24PM | 02/08/99
Need a little clarity on what you mean by "adding a basement".
06:27PM | 02/08/99
Currently, there is about 200 sq ft of basement. I think the foundation is limestone. We would like to increase that to approx. 1,000 sq ft to accomodate a finished family room, 2 bedrooms and bathroom. We've considered moving to gain the space, but there are other aspects of the house that we like (location, floor-plan, kitchen, etc.)
I appreciate any input you could offer! Thanks!
12:49PM | 02/09/99
Sorry, still confused. I am guessing that you want to dig away the dirt from the remainder of your house to increase the size of the basement and there is a wall that will have to be removed.
04:03PM | 02/09/99
Yes, we want to expand the size of the basement. I have heard of people who 'jacked up' their house and had a new basement dug and poured, and then the house is placed back on the new basement. I was wondering how costly of a process this might be and drawbacks of the process.
12:54PM | 02/12/99
Sorry for the delay. Without actually seeing the scope of the job it is difficult to give you an exact price. The area you live in is also a determining factor. This is a very labor intensive job since the dirt would have to be hauled out in some manner. A ballpark figure would be in the $15K to $30K dollar area. Cost effective? I would think that you would get better value for your money by having an addition with a basement installed. You could make a major savings by installing the framework and then complete it with sweat equity- probably a 50% savings. As mentioned before, the price I quoted is not bible. A few bids would better verify all the costs. I hope this answers your questions. You can reach me at [email protected] if you have any further questions. Don't forget to measure your values versus the money....
03:52PM | 02/15/99
Thanks for your input! I am contacting some firms to get some bids and decide from there.