The Finished Basement–Would We Do it Again? Cost? More FAQs!

I don’t know how it’s possible, but it’s officially been one full year since our basement was finished. That just blows my mind because it doesn’t feel like a year has gone by, but here were are. Time flies, right?! Anyway, the basement is always something I get questions about in DMs over on the gram, so I thought it might be fun to do a quick round up of FAQs, including what it cost to finish the basement, if I’d change anything, and whether or not we’d do it all over again. Let’s start with a photo of what it looked like when we moved in:

The basement was completely unfinished when we moved in and we knew we wanted to start construction on it right away. I think the walls were going up within a week of us closing on the house. Here are some progress photos:

And how it looks today:

Finished Basement FAQ

Did you do the work yourself?

No, we hired Elksone Basements in Colorado and we LOVED working with them. They did an incredible job and totally brought my vision for the basement to life. Highly recommend them if you’re in Colorado.

How long did it take?

It took about 9 weeks, which was longer than expected, but we had a delay getting the permit we needed from the county.

How much did it cost?

Finishing the basement was $65K. Then we had another $5K or so in bathroom materials, ceiling fans, lighting, etc. I think it would be way more today with the rising cost of lumber.

How many rooms did you add on? And how many SQ feet?

We added a guest bedroom, full bathroom, office (which technically can be considered a bedroom because it has a closet) and a living room. In total we added about 1500 square feet to the house, along with a nice size storage area.

Would you do it over again?

Heck yes! I consider that money 10000% worth it. We use the basement a ton and it really added SO much to the house.

Anything you’d do differently?

Two things I’d do differently–I would have added shiplap or some kind of wall treatment to the walls in the main living area. Shiplap was on my initial design, but I took it off to save money. Secondly, I would have opened up the staircase to the basement so there was a railing instead of a solid wall. I also took that off to save money, but wish I had left it on!

Where is the media cabinet from?

That is a custom made! I was able to design that and Elktone brought it to life.

Where is the tile in the bathroom from?

That is marble mosaic from Riad Tile.

What is the paint color on the walls?

That is Alabaster by Sherwin Williams, which is the color we have in the entire house.

What kind of flooring is in the office?

That’s an LPV floor, which is what they recommend instead of traditional wood flooring for basements because it’s super durable and can even stand up to water damage. The brand is Endura Plus and the color is White Sand. I love it!

Well I hope that was helpful info if you’re thinking about taking on a finished basement project. Let me know if there’s something I didn’t cover!

Sarah here! Nice to meet you. I’m a mama to three, wife to my high school sweetheart and accidental blogger. We recently moved to our little homestead on ten acres and we're loving the small town life in Colorado. I hope this space can inspire you to create a home you love and enjoy the simple moments the most.


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  1. 10.12.21
    Cindy said:

    Looks great! Does the cost you provided include the furnishings?

    • 10.15.21
      Sarah said:

      No, the furniture was not included in that price!