Help decide a basement finishing quote fair or not

tamujunMay 28, 2011

Hi, I am a newbie so please forgive if this is a wrong question to ask. I have a unfinished basement that I want to renovate it to a large playroom (for kids) and a mud room. The rest of the basement will be a storage / mechanic room (will leave unfinished but needs to install a smoke detector). The to-be-finished playroom will be 12' X 26', and will be carpeted. Mud room will be 14'X6' including stairs (skirt boards and rug - half wall of the stairs will be capped by wood trim). The mud-room will be tiled. The playroom will have 8 recess lights and a few sockets, needs to install a few smoke detectors.

My contractor gave me the following quotes:

Work including framing, insolating, hanging of sheet rock, installation of trim, and painting.

Materials $ 2,330.

Labor $ 5,000.

Detailed labor cost: Labor to frame and insulate: $1,500

Hang sheetrock: $1,000

Install finish work (see below) $1,500

(doors, baseboard, skirting for stairs, window trim)

Painting: $1,000

Tape and coat sheetrock $ 1,700.

Flooring $ 2,214.

Electrical $ 1,000.

Total $ 1,2244.

I live in New Hampshire. The house is 5 years old.

Would you let me know if this quote is fair or not? My budget is really tight, and I want spend money wisely.

Thanks, I appreciate!

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A few years ago when I was in the remodeling business, we were in the range of $29 to $33 per square foot for basements exclusive of flooring. So $30.61 sounds in the ballpark to me.

Of course, it's always wise to get several estimates. Just make sure they're all bidding on the same work, quality of components, etc.

    Bookmark   May 30, 2011 at 4:21PM
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Thanks Mike_kaiser. The info you gave is very helpful.

    Bookmark   June 1, 2011 at 6:02AM
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Trying to get a price to sheetrock and mud a basement, walls 7280 lin ft. and 750 sq ft for 8' ceiling. would that be per sheet or sq ft

    Bookmark   July 29, 2013 at 10:43AM
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