Tag Archives: Renovation financing

Basement Budget Financing

With the help of Moose Basements, you can create the perfect basement interior for your entire family’s needs. Whether you’re renovating a previously unfinished basement, or simply upgrading from an older interior, we can help you with ideas, construction, design, and financing. We know how difficult it is to want a renovation but not be able to afford it, which is why we believe in clever solutions, excellent financing options, and competitive prices. In this article, we will provide you with some ideas for how to achieve your renovation goals on a limited budget.

Plan your basement renovation budget in advance

While currently, basement renovations are on the rise, we know these upgrades don’t come cheap. With basic finishes costing upward of $20,000, it’s quite an investment to undertake. For this reason, it’s easiest to spend your money on multi-purpose rooms and to keep an eye on moisture. As moisture is a huge problem for Canadian homeowners, you want to take the time to use materials which will prevent moisture from being an issue in your new interior. A good option is vinyl flooring, which is quite affordable and will withstand moisture easily. We also recommend investing in proper drainage, to avoid future maintenance issues.  When considering basement finishing, take the time to plan your layout so that you can fit in all you want in your basement while saving as much as you can on additional building costs. A good way to cut corners is to do just that and create an open- concept layout in your basement.

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Another interesting means of saving money is to forgo hardwood or laminate, and install carpet. With a huge influx of stylish carpets on the market now, many homeowners are choosing this inexpensive option to use in their finished basement. In-floor heating can easily be installed over the thin carpet with a foam underlay for a cheap, effective and warm basement flooring.

Many people forget to invest in proper lighting, resulting in a dark, dreary basement not properly illuminated. Currently, modern basements are using potlights installed directly into the ceiling of basements which can often be set to different brightness, and properly light up every inch of the interior. Potlights are relatively inexpensive, and installation varies between 100-250$ per light. Take into account that you will also need to wire your basement’s ceiling, requiring the additional cost of hiring an electrician.

Options to consider  while saving on basement renovation costsBasment renovations for every budget

If you want to finish your basement but are stingy on the budgeting, consider taking a tip from current style experts and mixing high and low fashion to create an edgy, rustic interior. By leaving the original exposed ceiling, brick walls or concrete flooring, and instead of renovating the other portions of the interior, you can create this rustic style while saving money. Cover concrete flooring with an area rug, paint brick walls in a colour matching the rest of the basement or do the same with the ceiling. Unfinished portions can easily be covered with curtains or hanging drapery. Unfinished portions can either be finished later or used as points of interest in your design.

Financing options available

A unique solution to your finances can be found in Moose Basement’s financing options, as well as our competitive prices. We work with your budget to ensure you get the most out of what you’re willing to pay for your basement renovation. In order to build long-lasting relationships with our clients, we offer top quality services in all aspects of basement finishing and renovation, at the best prices.

Moose Basements is a leader in basement renovations and remodeling in the GTA, having served the area for over 15 years. Our fully Canadian company is the top name in basement renovation and will help you ensure that you get the most out of your renovation. Offering 100% customer satisfaction and excellent customer service, our teams are dedicated to the renovation craft. With our expertise, you can find unique, interesting and creative basement renovation ideas, to make your interior stand out from the rest. We offer basement design, finishing, renovation, remodeling, and construction services throughout the GTA and York region.  We are WSIB Insured and Liability covered and offer competitive prices. Give us a call today for a free quote. We are always happy to answer any questions you might have regarding our process and company.