@Eric Teran Thanks for the post and to answer your question my budget is 95k- 110k and I agree with higher than 7' feet ceilings. I wanted them to be separate units, here is a quote I got so far.
1) Slab options
a. Basement slab lowering to bottom of footing + new slab $30,000 - $50,000
b. Basement slab lowering with box footing $50,000 - $70,000
c. Basement slab lowering with underpinning $80,000 - $110,000
d. General interior remodeling work $50,000 - $70,000
2) Add for kitchenette & new bath & laundry $80,000 – $115,000
3) Egress window well if necessary $10,000 - $18,000
which is cleanly out of my price rate (to much money) and, here's another one
The average cost of converting a typical basement to a legal rental unit will cost $85K - $ 95K and include:
1. Conceptual design and fixed pricing for the construction.
2. Demolition of the existing basement wall, ceiling, electrical wiring and fixtures, water and sewage pipes and fixtures.
3. Installation of a separate electrical service for an apartment.
4. Build a legal rental unit with kitchen, bathroom, new windows and others, according to the design from Sokol Design-Build Group
Dig out the basement and install a new concrete slab, it's a separate addition job and will cost $ 15K - $ 20K.
much better than the first one (and yes both are insured and are experts in the field) I may have to GC this project myself to save some money. Meaning get a Architect to draw up the plans, have a company that's insured to do the dig out and place the pluming, etc.. and I can put he flooring, kitchen and bath in myself.
Thanks again
