Basements are often the most underused part of the home—but with the right remodel, they can become the most *valuable*. Whether you’re creating a home gym, a guest suite, or a full-blown entertainment space, finishing your basement adds more than just square footage—it adds equity.
So, how much does a basement remodel cost? And how much value can you expect in return? Let’s break it down.
💰 What’s the Average Cost to Remodel a Basement?
On average, a basement remodel in New Jersey costs between $40 to $100 per square foot, depending on the scope of work, materials, and layout. For a 1,000-square-foot basement, that’s roughly $40,000–$100,000.
Factors That Influence Basement Remodel Costs:
- Finishing vs. Remodeling: Finishing an unfinished basement costs less than a full remodel.
- Plumbing & Electrical: Adding a bathroom, wet bar, or kitchen increases both cost and value.
- Waterproofing: Essential for New Jersey basements—expect to budget for sump pumps, vapor barriers, and drainage.
- Custom Features: Built-in shelves, fireplaces, theater rooms, and egress windows will raise the price.
Want an exact estimate? Request a free basement remodel consultation with MAG Development and let our team build a plan based on your vision and budget.
📈 How Much Value Does a Basement Remodel Add?
According to the National Association of Realtors, homeowners can recoup approximately 70%–75% of their basement remodel costs in resale value. That means a $70,000 remodel could potentially increase your home’s value by $50,000 or more.
Plus, a finished basement can help your home stand out in a competitive real estate market—especially in New Jersey, where usable square footage is at a premium.
Basement Spaces That Add the Most Value:
- Guest suites or in-law apartments
- Home offices or hybrid workspaces
- Kitchenettes or bars for entertaining
- Family rooms or theater rooms
- Home gyms or yoga studios
🔨 Maximize ROI with a Custom Remodel from MAG Development
At MAG Development, we specialize in high-impact basement remodels that are tailored to your goals—whether that’s resale value or long-term use. Our team handles everything from design and planning to permits, waterproofing, and buildout. No surprises. Just clean, smart construction that works for your lifestyle.
Next Steps:
- Check out our Home Remodeling Services
- Get inspired by our project portfolio
- Schedule a free consultation to see what your basement could become
Ready to unlock the full potential of your home? Let’s turn your basement into a space that works just as hard as the rest of your house.