Get matched with top basement remodelers in Redfield, AR

It may not come as a surprise that the kitchen is the most expensive room in the house to renovate. This is due to the expensive appliances like the range, hood, and fridge, but also because the bones of the room—like electrical and plumbing—are expensive to move or replace. While there are ways to renovate a kitchen on a budget, it will always carry a hefty price tag, even if you cut some corners.

Adding an extension or addition to your home costs more than a loft conversion in all but the rarest cases where the home's structural integrity is lacking. Because a home addition requires a new foundation section or significant structural upgrades to handle a cantilevered portion, the cost compared to almost any loft conversion is significantly greater for the same square footage.

Unless you have extensive experience in construction work, remodeling a basement is best left to a professional. There are several tasks associated with this project that require exact precision, including:

• Replacing insulation 

• Replacing carpet or other flooring 

• Adding heating and cooling

• Adjusting or adding walls and doors

• Altering or adding plumbing elements

If any of these elements is done incorrectly, it could severely impact the quality of your basement remodel and be dangerous. Changing a basement often comes with code safety requirements, like egress windows and proper ventilation. Therefore, leaving it up to a professional is often the best decision.

Finishing an unfinished basement adds the most value, with an average return of 70% or $22,400. A bathroom addition in the basement will provide an ROI of 75%, but the higher cost will leave you with a lower actual return of $9,000, on average. Finishing a basement and adding a kitchen, bathroom, and bedroom to rent the space will leave you with the highest possible ROI, as you could see well over 100% if you rent the space out long-term.