my wife and I are in the process of buying our first house. The house has a 750 square foot unfinished basement (cinderblock walls and concrete floor), and is brand new (rather, it will be brand new when it is finished in a week or two). We don't have the option of having the contractors finish the basement for us because we are using a program for first time home buyers, but we would like to finish the basement within the first two years that we live there. Unfortunately, we have received a quote of $30,000 - $45,000 to finish the basement. What we would like to do instead of tackling the whole project at once is to tackle the project in smaller, more affordable pieces. Here is what we would like to see accomplished:
- We would like to convert the basement into 4 smaller spaces (with walls)
- We would like to run electrical outlets every several feet throughout the outer walls (I am a bit of an electronics nut)
- We would like to insulate the outer walls and hang drywall
- We would like to install some kind of flooring (I am hoping for hardwood as adding hardwood to the whole house is my next major project for the house)
- I suppose we need to add some sort of drop ceiling, but I am not sure.
My question is compound. First of all, is there any major pitfall to doing this project incrementally that I may not have thought of? The second part is which order would be best for tackling these projects. Lastly, Which parts of this project should I (as a not terribly handy person) attempt to take on by myself in order to maximize my savings while taking on the least risk of screwing the job up? Thanks for the help!