How much should it cost to finish a basement? I am frustrated beyond belief by the price quotes I am getting to partially finish my basement. The portion I want to finish is only 702 sq feet. I want nothing fancy, just a bedroom, bathroom, and a big rec room. I have gotten quotes for over $20,000. I tried to go a different route and subcontract out all the individual jobs, like framing, drywall, plumbing, etc. It was hard to find anyone to do just the framing. The one guy I found comes back at $5000 for the framing, which is ridiculous. The wood should cost a couple hundred bucks, and the job should take 2 days to frame, since my basement has a wood floor already. So, for 16 hours of labor, I have to pay 293 bucks an hour? Ripoff. A few years back in a different home I subbed out everything and did the framing myself for a bigger basement. The whole project cost $11,000. I don't have the time to frame it myself this time. Has anyone else gone through the experience of finishing a basement? How much did it cost you?