Finishing a basement is one of the most valuable home improvement projects you can take on as a homeowner in Fort Collins. Whether you’re turning an unfinished space into a guest suite, family room, or home office, basement renovations offer more than just square footage—they provide long-term return on investment and increased comfort for your household.
If you’re planning a basement renovation in 2026, understanding how much it costs and what affects those costs will help you plan, prioritize, and avoid unexpected surprises. Let’s break down what to expect from basement finishing costs this year—and how to make your investment worthwhile.
How Much Does It Cost to Finish a Basement in Fort Collins?
In 2026, the average cost to finish a basement in Fort Collins ranges between $70 and $110 per square foot. For a 1,000-square-foot basement, that means you’re likely looking at:
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Basic finishes starting around $70,000
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Mid-range projects closer to $85,000 to $100,000
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High-end finishes running $105,000 or more
These numbers include framing, drywall, paint, flooring (such as carpet, tile, or waterproof hardwood), basic electrical work, insulation, and standard plumbing. Specialty features—like a wet bar, bathroom, home theater, or laundry room—will add to your overall basement cost.
What Affects the Cost of Finishing a Basement?
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Square Footage and Layout
The larger your basement, the higher the total cost—although the cost per square foot may decrease slightly with size. More complex layouts that involve walls, framing, soffits, or multiple rooms also require more materials, time, and labor. Basements with oddly shaped floor plans or structural issues may require additional carpentry, demolition, or adjustments to joists and framing.
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Mechanical Systems: Plumbing, Electrical, and HVAC
Adding a full bathroom or kitchenette will significantly increase your plumbing needs, especially if water lines, pumps, or drains need to be installed or moved. Electrical wiring for recessed lighting, outlets, or entertainment systems also adds cost. You may also need to upgrade your electrical panel, and HVAC adjustments may be necessary to maintain proper air flow and humidity control. A sump pump or dehumidifier may be required depending on the moisture level or risk of water damage.
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Materials and Finishes
Finishing materials play a big role in cost. Luxury vinyl flooring, tile, or waterproof hardwood will cost more than basic carpet or laminate. Similarly, adding high-end cabinetry, countertops, or custom shelving increases both material and labor costs. If your basement needs drywall repair, ceiling replacement, or window upgrades (like egress windows), those costs should be factored in too. Many homeowners in Fort Collins are also investing in basement waterproofing, vapor barriers, and thermal insulation to prevent mold and mildew and increase energy efficiency.
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Moisture Control and Waterproofing
Before any finishing begins, a general contractor will assess the condition of your basement’s concrete walls and foundation. If there are signs of water intrusion, mold, or high humidity, you may need to install a sump pump, vapor barrier, or drainage system. This is especially important in older homes where water issues can lead to costly repairs later.
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Building Code and Permits
All basement remodels in Fort Collins must meet current building codes. That includes proper ceiling height, fire-rated doors, safe stair access, and code-compliant windows and electrical systems. Working with experienced basement finishing contractors ensures your project passes inspection and follows all safety regulations—helping you avoid costly delays or redo work.
Other Features That Can Impact Cost
Some features that often raise the total price of a basement remodel include:
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Adding a full bathroom with plumbing
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Installing a wet bar or mini kitchen
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Creating a bedroom with an egress window
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Including a fireplace or built-in entertainment center
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Adding laundry or utility rooms with appliances
Each of these comes with its own set of plumbing, electrical, ventilation, and framing requirements.
How to Budget for a Basement Renovation
Here are a few tips to help manage your basement remodel costs:
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Start with a baseline budget, then build in a 10–15% contingency for unexpected issues like water damage or structural repairs.
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Prioritize your needs first—such as waterproofing, framing, and insulation—before upgrading to luxury finishes or high-end systems.
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Work with a reputable contractor who can provide a fixed estimate, clear timelines, and a breakdown of labor, materials, and fees.
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Ask about warranty coverage and project guarantees.
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Consider financing options, especially if you’re taking on other home improvement projects or managing high interest rates.
What’s the Return on Investment?
A professionally finished basement in Fort Collins can deliver a return on investment of up to 70–75%. Not only does it increase livable space, but it also boosts resale value—especially if your basement includes a guest suite, home office, or entertainment area. For families growing their household or looking for rental income, finishing a basement is one of the most efficient ways to expand without adding on to your home’s footprint.
Why Choose HWG Services for Basement Finishing?
HWG Services is a trusted name in basement remodeling and home renovation across Fort Collins and the surrounding area. Whether you’re updating an unfinished basement or starting from the ground up, our team brings high-quality craftsmanship, attention to detail, and clear communication to every project.
We handle every part of the process—from framing and drywall to plumbing, electrical, and final finishes. Our experienced basement remodel contractors are fully licensed and insured, and we always ensure compliance with Fort Collins building codes.
Contact HWG Services today for a free estimate or design consultation. Let’s turn your unfinished basement into a warm, welcoming, and functional part of your home.
FAQs: Basement Finishing Costs in Fort Collins
What is the average price to finish a basement in Fort Collins in 2026?
Most homeowners can expect to pay between $70 and $110 per square foot, depending on the size, design, and materials used.
How can I reduce the cost of finishing my basement?
Focus on essential features first, choose durable mid-range materials, and avoid complex layouts that require additional framing or plumbing.
Do I need permits to finish my basement in Fort Collins?
Yes. All electrical, plumbing, insulation, and structural work must follow city code and will require permits and inspections.
What’s the difference between basement finishing and basement remodeling?
Finishing generally refers to turning an unfinished basement into livable space, while remodeling may involve reconfiguring or updating an already finished basement.
Is basement waterproofing included in the cost of finishing a basement?
Not always. If your basement shows signs of moisture, mold, or water intrusion, waterproofing measures like vapor barriers or sump pumps may be added to your project scope.
