If finishing your basement has been on your mind lately, you’re not alone. More Nebraska homeowners than ever are looking to maximize their space, and the basement is often the smartest (and most flexible) place to start.
But one thing is clear. It costs more to finish a basement in 2025 than it did just a few years ago. From materials and labor to changing codes and bigger design goals, everything has shifted since the pre-COVID days.
So how much should you budget? What’s changed? And how can you stay on track? We’re breaking it all down.
The Real Cost to Finish a Basement in Nebraska
Across Omaha, Elkhorn, Gretna, Bennington, and surrounding areas, homeowners are investing more in their basements, and in return, they are getting more value.
What used to be a basic upgrade is now a full-on home transformation. From family rooms to guest suites to home gyms, today’s basements do a lot more than just store holiday decorations.
That also means the cost reflects a higher level of function, better materials, and a more robust overall build quality.
Why Basement Finishing Costs Have Gone Up
We all remember when lumber prices shot through the roof during COVID. Although things have settled, certain materials, such as moisture-resistant drywall and higher-grade insulation, are still more expensive. They’re also now required by updated building codes in many Nebraska cities.
Skilled Labor Is in Short Supply
The Omaha-area construction market is competitive, and high-quality tradespeople are in high demand. That means contractors are booking out further, and labor rates have adjusted accordingly.
Design Expectations Are Higher
Today’s homeowners want more from their basements. Gone are the days of plain drywall and carpet. Now it’s wet bars, built-ins, playrooms, home theaters, and extra bathrooms. More features mean a bigger investment, but also a more functional, livable space.
Code Updates Add Complexity
Cities like Omaha and Gretna have tightened building requirements in recent years, especially around things like egress windows, ventilation, and electrical layouts. These changes improve safety and future resale, but do add to the cost.
What It Cost Before COVID
Back in 2019, basement finishing in Nebraska was generally more budget-friendly.
- Basic finish with carpet, paint, and standard lighting: $20,000–$35,000
- Mid-range with a bathroom or bar, upgraded flooring, and nicer finishes: $35,000–$50,000
- Custom projects with built-ins, home theaters, or guest suites: $55,000–$75,000
What It Costs to Finish a Basement in 2025
Today, those same basements come in at significantly higher price points. Here’s what you can expect now:
- Simple finishes with carpet or LVP, drywall, and basic lighting: $30,000–$45,000
- Mid-range projects with a bathroom, family room, or dry bar: $45,000–$65,000
- High-end spaces with full guest suites, 3D design plans, and premium finishes: $70,000–$120,000+
At Hawthorne Finished Basements, most of our projects fall in the $60,000–$100,000 range. We focus on building spaces that look beautiful, function well, and stand the test of time.
Where That Budget Goes
There’s no single “expensive” item, it’s a combination of everything being a little bit more.
- Framing and drywall: Lumber and materials cost more than they used to.
- Flooring: LVP and engineered products are now the go-to for durability and style.
- Electrical and lighting: Recessed lighting, smart features, and expanded circuits all add up.
- Plumbing: Adding a bathroom or wet bar requires licensed plumbing work and inspections.
- Design and permitting: New codes mean more planning upfront—and that planning requires expertise.
Is It Still Worth Finishing Your Basement?
Absolutely! Even with increased costs, finishing your basement remains one of the highest-ROI upgrades you can make.
Most homeowners in Nebraska recoup 65% to 75% of their investment when they sell. And in the meantime, you’ve gained an entire floor of livable space.
Need a home office, playroom, guest suite, or second family room? Your basement can be all of those things—and more.
How to Keep Costs Under Control
Even in 2025, there are smart ways to keep your basement finishing budget in check.
Start with a Drafting Plan
We kick off every project with Drafting Day, where we map out your layout in 2D or 3D and set a clear budget from the start.
Focus on Function, Not Just Pinterest
Design around how your family lives, not just what looks good in photos. When every feature has a purpose, your space works harder.
Choose a Dry Bar Instead of a Wet Bar
A dry bar gives you the same aesthetic at a fraction of the cost. You could save $3,000–$5,000 without losing the vibe.
Stick to a Clear Timeline
Our 90-Day Construction Promise keeps your project moving without delays or scope creep.
Thinking About Finishing Your Basement?
Whether you’re planning a simple update or a full basement transformation, understanding the real cost is key. At Hawthorne Finished Basements, we make sure you get clear pricing, thoughtful design, and a process that actually feels good. Our 90-Day Construction Promise keeps things moving, so you can enjoy your new space without the stress. Ready to bring your basement to life? Let’s chat.
