How Much Does it Cost to Build a House in Tennessee and Finish the Basement

Summary: How much does it cost to build a house in Tennessee and finish the basement? How do you add a basement entrance door.

Because so many people want to know the cost of a finishing a basement, I am including that as an option in this cost to build a house example. You will be amazed at how much the cost per square foot of the entire house drops when you add the basement area!

In order for a basement to be considered habitable space it must have two (2) means of ingress and egress. This can be accomplished with doors, as in a walkout basement (which requires a sloping lot), or with large windows, or with an “emergency basement door”. (See below)

Now, on with this attractive home from America's Best House Plans.

Elegant round columns dress up this three bedroom, three bath, southern country porch design. Its classic irresistible styling makes it perfect for almost any neighborhood. The large vaulted family room, enormous country kitchen and its 452 square foot bonus area make this home feel so much more spacious than one might expect of a 2097 square foot design.

The sumptuous master suite includes a double tray ceiling, a sitting area, a large walk-in closet, and luxurious bath. The 14'-3" x 22'-6" country kitchen is open to the vaulted family room. A French door leads to the vaulted screened porch. The patio or deck is accessible from both the screened porch and master bedroom. The dining room is adorned with a decorative round column and tray ceiling. Bedrooms two and three each feature walk-in closets and individual baths.

America's Best House Plans, Inc.
House Plan 036-00084

Square Footage: 2,097 sq. ft.
First Floor: 2,097 sq. ft.
Bonus Room: 452 sq. ft.
Floors: 1
Bedrooms: 3
Bathrooms: 3
Garages: 3 car – 21’-4” x 33’-2”
Width: 70ft.-2in.
Depth: 59ft.
Height: 24ft.
Foundation: 2,097 sq. ft.
Front Porch: 29-4 x 6
Screened Porch: 14-1 x 11-6

To estimate cost I'll use the cost estimating software of the Cost to Build Calculator found on my Getting Started page. I used “Minimum Standard" quality throughout the process along with the choice for an unfinished basement foundation.

Using this "shape" on the Cost to Build Calculator for the Nashville, TN area, I came up with $307,298 for an owner/builder. That’s an approximate cost of $146.54per sq. ft.

I determined this amount by deducting the General Contractor’s Markup, equipment rental, and allowed only $2,000 for insurance.

The cost to finish the basement is approximately $35,259, giving a total cost (for an owner/builder) of $342,557. That’s an approximate cost of $81.67 per sq. ft.! (Total sq.ft. = 2097sq. ft. + 2097 finished Basement = 4194 Total sq. ft. of living area.)

If the basement is on flat land, you will need an “Emergency Basement Door”
Note: The cost of this Emergency Basement Door is not included in the "Cost to Build"

Here is an example of a "Emergency Basement Door" from Bilco:

Basement Door - Ultra Series from Bilco: Satisfies IRC 2006 Building code requirements for emergency egress in finished basement areas.

You should keep in mind that the cost to build for this example, or any house plan, can vary considerably depending on the quality of materials selected, and on actual bids for labor and material.

Again, the estimate for this house is an approximate one based on “Minimum Standard” quality materials.

You will notice that this is an expensive house to build. This is due to several factors:
1. 2 porches…porches are not cheap.
2. Large bonus room above the garage.
3. Large 3-car garage.
4. Multiple roof lines and foundation corners.
5. Steep roof pitches which add roofing cost.
It is however, a very attractive house, and with a finished basement, a lot of space for the “buck”.

Until you actually start getting your own bids and estimates and entering them into your own spreadsheet (see my spreadsheet page for FREE spreadsheets), it will remain approximate...Carl Heldmann