Verify that your insurance policy covers the cost. No matter if you're adding a bathroom in your basement, or not, homeowners insurance will cover your construction project. Consider adding an above-ground area to your home. The room must meet the requirements of code and have been checked by municipal authorities. If that happens, the majority of insurance providers will take care of the cost of repairs to any damage sustained during an extreme storm due to this change to the structure. If you cause major damage on your foundation, or even other structures below the surface, it may render your home uninsurable. The insurance company won't cover repairs or medical bills for anything that happens while you are still living within your home. Know Your Limits It's easy to get overwhelmed with ideas whenever you are working on a massive and complex project like remodeling your basement. Be careful not to spend way too much money on projects that are not feasible for you. This is especially important if you're planning to do a DIY job because it is common to under estimate how long specific tasks will take. As an example, putting up drywall could take just a few days with the right tools and experience, however when you need to buy the materials and the compressor at a local retailer or hire an expert, it may require more time than you imagine. Size of the Basement Basement is often bigger than bedrooms. It is also the most spacious living space. This means that there are various ways in which it can be utilized. The basement doesn't need to be an enormous basement for a playroom or bedroom for your kids. You can also store multiple workspaces, tools and household items such as equipment for media and fitness spaces in your basement. There are a variety of options. .