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Basement Renovations
In today’s housing market, that unfinished square footage is your home’s most valuable asset. Whether you need a legal basement apartment to generate rental income or want to expand your living space with a finished basement for your growing family across the Greater Toronto & Hamilton Area (GTHA), we deliver.
We are the basement renovation contractors with WSIB coverage, warranty & transparent prices who prioritize customer satisfaction over sales tactics. With most full projects ranging from $30,000 to $75,000 and completing in just 6 to 8 weeks, we turn cold concrete into a comfortable living space without the endless delays.

Customer Reviews of Our Home Renovation Services
So Many Reasons to Renovate
- Maximize Space
- Cozy Home Theater
- Private Home Gym
- Guest or Rental Suite
- Waterproofed Basement
- Mold-Resistant Build
- Smart Storage
- Boost Resale Value
- Code-Compliant Work
- Smart Project Management
- Family-Friendly Playroom
- Quiet Home Office
- Custom Bar & Lounge
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Cost For Basement Renovations
From
$30,000 to $75,000
Building Permits
$1,000–$2,500
Moisture Sealing
$2,000–$15,000
Framing
$3,000–$7,000
Electrical & Plumbing
$5,000+ (combined average)
Insulation & Drywall
$2,500–$9,000
Flooring & Ceilings
$3,000–$15,000
Painting
$1,200–$4,500

We Finish& Build All Kinds Of Basements

We know that finished basements doesn’t only cost time and money, but it also stresses you out too. That’s why at Rich Home Inc we handle everything from start to finish, from the draft of the first design, to getting the materials, all the way to the final inspection.
- Legal Second Suites: To create rental income, we custom-design and build code-compliant basement apartments with entrances.
- Walkout Basements: We are experts at designing walkout layouts that optimize natural light and produce smooth transitions to your backyard.
- In-Law Guest Suites: We provide a cozy, private area with a separate kitchenette and bathroom for extended family.
- Home Theaters: We offer personalized lighting, soundproofing, and framing for the best movie experience at home.
- Rec Rooms & Gyms: We install sturdy, moisture-resistant flooring options ideal for play areas for children or heavy exercise equipment.
- Custom Wet Bars: Invest in a custom-built bar with plumbing and cabinetry to up your entertainment game.
Our Finished Basement Projects
Areas We Serve
We are proud to offer our Basement Renovation services in the following areas:
Why Choose Us For Basement Renovations
With over 13 years of combined experience in trustworthy basement renovation, we value open communication and periodic updates so you are always aware of the status of your project. To ensure that your renovation is constructed to last, our builders use premium materials and adhere to all code requirements. To create the ideal space for entertaining family and friends, many homeowners also decide to upgrade their area by installing a custom basement bar.
To ensure your new space is safe and durable, we use premium moisture-resistant materials and strictly adhere to all Ontario Building Code requirements. Whether you are building a simple rec room or upgrading your space, we deliver craftsmanship that lasts.
Is finishing your basement worth the investment? Absolutely. A legal second suite can generate significant monthly income. Find out the real numbers in our guide on the ROI of a legal finished basement. We are committed to your satisfaction, we don’t sign off on the job until every detail is right.

FAQs
For a standard basement finishing project (framing, drywall, flooring, and bathroom), the typical timeline is 4 to 6 weeks.
If you are building a fully Legal Second Suite (which involves fire separation, separate inspections, and kitchen installation), the process usually takes 6 to 8 weeks. We provide a detailed project schedule before we start, so you always know what is happening in your home.
The main difference is the purpose and the code requirements. A finished basement is simply extra living space for your family (like a rec room, home gym, or guest room).
A legal basement apartment (officially called a Second Dwelling Unit) is a fully self-contained home intended for tenants. To be considered “legal” in Ontario, it must meet stricter Fire Code and Building Code regulations, including fire separation between units, a separate entrance, and specific egress windows. We specialize in building both, ensuring your income suite is fully compliant and insurable.
Yes, absolutely. Under the Ontario Building Code, every bedroom in a basement must have a proper emergency exit (egress window) that is large enough for an adult to climb out of in case of a fire.
This is non-negotiable for safety and is a strict requirement if you are building a legal rental unit. Beyond safety, enlarging your windows brings in natural light, making the space feel less like a basement. Learn more about safety requirements in our guide to egress windows.
Yes, and doing so can massively increase your home’s value. If your current height doesn’t meet the Ontario Building Code minimum (typically requiring around 6’11” for a legal rental suite), we can help.
This process involves safely digging out the basement floor and extending the foundation downwards. It turns a cramped, low-ceiling storage area into a spacious, 8-foot high luxury living space. Read more about this process in our guide to basement height.
It depends on the scope of work, but usually, the answer is yes. If you are finishing a basement from scratch, adding a bathroom, moving walls, or creating a legal rental suite, a building permit is required by your local municipality. Minor cosmetic updates (like replacing carpet with vinyl) might not need one. Don’t worry, Rich Home Inc. handles all the drawings and permit applications for you to ensure everything is code-compliant.
Yes, significantly. A professional finished basement typically offers a 70% to 75% return on investment (ROI) when you sell. If you convert it into a Legal Second Dwelling Unit, the value increases even more because you are selling a “revenue-generating property.” It is one of the smartest renovations you can do in the GTA housing market.
















