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Basement Finishing in Toronto: 4 Best Tips to Save Money

Basement finishing in Toronto is an essential home improvement if you aim to appreciate your home’s value. With the increasing rate of the real estate market in Toronto, homeowners are quickly planning to expand the living space of their homes.

Unlike kitchen renovation, basement finishing incurs less cost if you plan it wisely. It can be as simple as adding extra furniture and shelves for storage. Or it can be your toddler’s playroom, your man cave, or a spare room whenever you have guests.

Whatever your plan is, it is best not to go full-steam and make it a DIY project. A common misconception homeowners have is thinking basement finishing in Toronto is simple enough to be a solo mission.

Many factors need to be considered, such as flooring installation, framing the walls, insulation, electrical, plumbing and many more. That is why you need to do your research and consult a professional before starting your project.

If you are planning a basement finishing in Toronto, here are some money-saving tips to keep in mind:

Money-Saving Tips for Basement Finishing in Toronto

Plan and Finalize Your Idea

Shooting over your budget can be the result of poor planning and not having a clear goal. Homeowners usually start to renovate their basements without a clear intention of what they want to do with space. Halfway through the project, you change your mind, resulting in to increase in cost.

The first thing you need to do is know what you want to do with your basement. Then measure the space out. Not just the floor but also the doors, windows and floor-to-ceiling height. With all the measurements on hand, ask yourself, “will my idea be feasible given the space I have?”

Check for Other Issues

You don’t want to discover moulds underneath your flooring halfway through your renovation. Check for any underlying issues beforehand, such as cracks in the floor, moulds or any plumbing issues. 

Whether or not you are experiencing any of this, prevention is always better than cure. Waterproofing is critical and must be completed before any other work can begin. Insulation comes in a variety of forms, and you may do it yourself to save money.

Use the Open Space

Many unfinished basements lack the wall partition to divide the space into distinct rooms. While you may wish to turn your basement into a separate man cave or gym, building walls offer both pros and cons.

Electrical wiring, drywalls and doors can quickly add up to be rather costly. Also, after the walls are up, the size of each room in your basement will be limited. Instead of building partitions, consider utilizing the available space in your basement. 

You can always utilize portable room dividers to divide off different zones. When you use open areas, you have a lot of options, and your basement finishing in Toronto will be less costly.

Don’t Buy Custom-Made

Avoid purchasing custom-made countertops and cabinets. Keep it simple and look for pre-fabricated standard-size cabinets and counters. This will substantially save you money, and you can spend it elsewhere.

Aside from pre-fabricated materials and fixtures, look for discounts and warehouse sales online and around your local stores.

Hire Professionals

Finally, hire a professional. An unfinished basement renovation means more costs in the future. Do the research and hire a pro. You can accomplish this by requesting estimates from more than one builder, checking for referrals from other customers and reviews from verified sources, and checking the materials they are suggesting to use. 

Saving a few extra bucks by hiring a cheaper but subpar contractor will cost more than what it should be. The same goes with doing it all by yourself instead of getting help from a skilled contractor, as you may do more harm than good. 


Basement finishing in Toronto can reap many benefits when done right. It can help make the interior of your house look more appealing and significantly increase your home’s value.

Be as creative as you like, and do not forget to consult the pros so they can carefully assess your basement project and suggest the best route so you can save money and time. #basementrenovation #mancave #torontobasement #torontobuilders

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