Difference Between Basement Renovation, Basement Remodeling, and Basement Finishing

Do you know that there is a difference between renovating, remodeling, and finishing your basement? Although they may seem similar, these are two very different projects. Before calling a basement contractor for a consultation, you should learn the difference between remodeling, renovating, and finishing a basement.

Here’s why you need to know the difference remodel, basement finishing, and renovate

By understanding the differences between remodelling, renovating, and finishing your basement, you can decide which option is right for you. Both add value to your home, but finishing and remodeling require more extensive work and, therefore, cost more than renovations. Your basement project will be much more successful as a result.

• Choose your basement project based on your budget
• Choose the right basement contractor for your project
• Make sure you know exactly how you want to use your basement
• Calculate the duration of your basement project accurately
• How much does basement finishing cost

What’s the Difference Between Basement Renovation, Basement Remodeling, and Basement Finishing?

Basement Renovation

Renovating a basement involves repairing and upgrading some aspects of the basement, such as installing upgraded counters or fixtures. Basement renovations restore a damaged basement to its original state; for example, ripping out water-damaged floor tiles and replacing them, or improving the appearance of your basement.

Basement Remodelling

Remodeling a basement takes a step further than renovating by making structural changes to the design and layout of the basement. Essentially, it means a basement overhaul, so significant changes like adding onto an existing basement or underpinning a basement are examples of basement remodeling. This also means that remodelling a basement takes a lot more skill, time, and experience to finish than renovating one would.
Remodeling takes longer than renovation and is more disruptive. A basement makeover takes four to six weeks.

Basement Finishing

When it comes to finishing a basement, you are starting from scratch. There aren’t enough elements in an unfinished basement to make it livable. Finishing a basement requires installing drywall, plumbing, insulation, ventilation, and legal egress. A basement finish (or basement construction) prepares a foundation that will be remodeled or renovated.

The basement finishing process begins with the building permit, which can take up to ten business days. Once your permit application is approved, it will usually be processed within two weeks.

A key difference between renovation, remodelling, and finishing is that renovations can be DIY projects. Basement remodeling and finishing require the services of a qualified, licensed contractor.

Additionally, understanding the different basement projects ensures that your basement meets municipal regulations. Building codes and laws are constantly changing, and they are updated continuously. This means that basements that are more than 15 to 20 years old are out of date and potentially dangerous for habitation. Materials, wiring, plumbing, window and door specifications, and advice on energy efficiency have all changed.

For instance, if you want to renovate a basement that is more than 15 to 20 years old, you must first spend money on a remodel to make it legal. The renovation project can then be started with assurance knowing that it complies with local regulations and is energy-efficient.

Making the Decision to Remodel, Basement Finish, or Renovate

It’s a good idea to consult a basement renovation contractor whether you decide to remodel or renovate your basement. Homeowners frequently decide to rebuild and renovate at the same time in order to save time and combine the two projects into one. In light of this, it is crucial to carefully consider your basement’s overall plan.

What future uses do you have in mind for your basement? This is a good question to ask yourself since it can guide you. A basement will increase the value of your property based on how functional it is. You can choose whether to finish your basement or remodel it by making a plan in advance.

Request a free quote from M&Y Home Repair and Renovation over the phone +1 (905) 483-3677 or fill out the form to book your free basement finishing consultation.