With home prices and interest rates on the rise, more Des Moines-area families are deciding to stay put — and look down instead of out. Finishing a basement has become one of the smartest, most cost-effective ways to gain living space, improve home value, and customize your home to your lifestyle.
Whether you’re in Clive, Waukee, or Altoona, here’s why basement remodels are gaining momentum across Central Iowa — and how to make sure you’re doing it right.
Why Homeowners Are Choosing to Finish Their Basements
- It Costs Less Than Building Up or Out
Finishing a basement often ranges from $70–$175 per square foot, depending on scope and materials. That’s significantly less than the $300–$500 per square foot it costs to build a room addition or second story.
- It’s the Fastest Way to Add Usable Square Footage
You already own the space — it’s just waiting to be transformed. Most basements can be finished in 6–12 weeks with proper planning, compared to the longer lead times and zoning issues that can delay additions.
- It Fits How Today’s Families Live
Modern families need flexible, multifunctional spaces. Finished basements are ideal for:
- Home gyms and workout studios
- Teen hangouts or rec rooms
- Home offices with privacy
- Guest suites or in-law apartments
- Game rooms or movie theaters
- It Increases Resale Value and Marketability
Homes with finished basements command higher asking prices, especially in family-friendly suburbs like Ankeny and Johnston. Real estate agents note that finished lower levels are a major plus when listing homes over $400K.
Common Basement Remodel Cost Ranges in Des Moines
- Basic finish (walls, floors, lighting): $50,000–$65,000
- Midrange with wet bar or guest room: $75,000–$110,000
- Luxury finishes with home theater or custom features: $115,000+
Pricing depends on square footage, ceiling height, waterproofing needs, and features like fireplaces, custom bars, or additional bathrooms. THEA’s Project Budget Calculator can help you compare scenarios.
What to Watch For: Basement Remodel Pitfalls
Before you dive in, be aware of these common issues:
- Moisture: Ensure the basement is fully waterproofed. No finishes should go in before this step.
- Egress: Bedrooms require egress windows by code. Make sure you’re up to date.
- HVAC zoning: Larger finished spaces may require new ductwork or zones.
- Lighting: Basements tend to be darker — layered lighting is essential.
- Permit requirements: Always check with your local city or county (THEA has guides).
Real Des Moines Remodel: The Martinez Family in West Des Moines
The Martinez family converted their 1,000 sq. ft. unfinished basement into a multipurpose family room, home office, and guest suite for $87,000. With added insulation, luxury vinyl plank flooring, a dry bar, and integrated AV wiring, their new lower level became the most-used space in the home.
Within 18 months, their home’s appraisal rose by $65,000 — nearly covering the remodel cost.
Design Tips That Maximize ROI
- Keep it cohesive: Match finishes with the upper level to make it feel integrated.
- Invest in insulation: A warm, dry basement will feel more like real living space.
- Plan for storage: Don’t forget closets and built-ins.
- Don’t cut corners: Cheap finishes are easy to spot — and harder to fix.
How THEA Supports Basement Remodel Planning
THEA offers:
- Free homeowner planning sessions
- Cost comparison worksheets
- Pre-vetted contractor referrals
- Basement inspiration galleries
- Contractor questions checklist
We’re here to make sure your remodel is smart, safe, and suited to your lifestyle.
Final Takeaway
Finished basements are one of the best-kept secrets in the Des Moines remodeling world. With the right plan, they can expand your home, fit your family’s changing needs, and add serious value — all without the hassle of moving or building an addition.
Start planning today with our free checklist and planning tools at HomeExpertsAlliance.org.
