Is it cheaper to add a basement or a second story?
Generally speaking, building up tends to be less expensive than a basement. That said, not too long ago, lumber was at an all-time high and basements were the better option. Check with your builder and they can advise you on the pros, cons, and cost of each.
Is it cheaper to finish a basement or add an addition?
Finally, additions are generally more expensive than basement remodels because they require extra materials for the foundation and framing; sometimes, they also require adjustments to the existing home to provide the appropriate structural support.
How much does a basement conversion cost?
The cost of a basement conversion will increase with every square metre. On average, you can spend anywhere from £800 up to £4,000 for each square metre, dependent on the existing space and your basement conversion needs.
Can I turn my crawl space into a basement?
An eight-foot basement requires digging out a crawl space at least a few feet, if not up to around six feet. This process is more complicated than you might expect. To dig out the crawl space, a team needs to be able to get tools underneath the ground, then dig and hollow out the area with the home resting above them.