1 The above figures place the basement remodel at $90.48 per square foot. 2  This pricing structure assumes that carpenters charge an average of $70 per hour, electricians between $65 to $85 per hour, painters between $20 and $35 per hour and plumbers between $45 and $65 per hour. Installation should be included.; and. 2  Vinyl floor tile-Average of $25 to $35 per square yard, for a total of $775. 3  Provide electrical wiring and lighting to code-This is going to depend upon the amount of work required, but electricians average from $65 to $85 per hour.