For 2013, the SCF reports a mean family net worth at $534,600, which means that if you added up the total net worth of all families surveyed and divided that by the total number of families in the survey, the resulting value would be $534,600.
Typically the most expensive type of foundation, the full basement variety consists of a slab basement floor with stem walls that extend from the basement floor to the main level of the building and footers. Homeowners who choose this type of foundation will incur higher costs due to the need for deeper excavation. Grading and forms are also needed in addition to drainage, waterproofing and concrete reinforcements in the basement walls. People who choose a full basement foundation may pay as much as $30,000.
Rates Per Square Foot. To finish a basement in a basic method, equipping it with electricity, plumbing, walls and insulation, costs tended to run between $25 and $35 per square foot in 2011. fireplace will naturally cost extra to install in the basement. Using engineered hardwood will be more expensive than simply using carpet. Dividing the basement into multiple rooms will add significantly to the cost. Even the grade and materials for the fixtures play a vital role in final expenses.