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Avatar for Homemade Design
Homemade Design
3.7(
322
)
Basement - Remodel

Serving Pinon, AZ and surrounding areas

In business since 2006

Credit card accepted

"Amanda was really very good!  At first I was very skeptical, thinking why did I pay money to just speak with someone on the phone about my kitchen remodel project... but after just a few minutes of her addressing some of the issues/questions I emailed to her earlier, I knew it was worth it.  It was very clear that she knew her business and she gave me several ideas that I had not even thought about.  I told her that I would definitely recommend her to friends and I will very likely use her again myself for my next home project!

"
Pennsylvania Master Bathroom
Boston Small Condo Kitchen
California Client Saves with HMD Designer Discounts
Recommended by54%of homeowners
Basement Remodel questions, answered by experts

Yes, in most cases, finishing a basement is worth the cost. The project adds valuable, usable square footage to your home and typically provides a return on investment (ROI) of 70% to 75%. For example, an average basement refinishing project costing $32,000 could add between $22,400 and $24,000 to your property's value. The final value added depends on factors like your location, the quality of materials and workmanship, and the features you include, such as a living space, bedroom, or bathroom. To be officially counted in your home's total square footage, the finished space must comply with all local building codes, including requirements for points of egress. However, in areas prone to flooding, a finished basement might be seen as a liability by potential buyers and could potentially decrease your home's value.

A finished basement does not always count as square footage, as this varies by state regulations. In areas that allow below-grade spaces to be included in a home's official square footage, the basement must typically meet certain conditions. These conditions often include having a functional egress and being a livable space with flooring, finished walls, and temperature control. To be certain, contact your local assessor to confirm your area's specific policies regarding basement square footage.

The cost of finishing a basement is about $18,400 on average. As you can see, the framing portion of this project costs less, because you’re essentially just dealing with laying the foundation for a finished basement. The finishing portion of the project involves a lot more intricate work and design, as well as high-end materials.

Whether it’s more affordable to gut a house than build a new one depends on the markets where you'd be buying and selling. However, it’s usually less expensive to renovate a home than to build new construction. 

Most homeowners pay between $100,000 and $200,000 for demolition and remodeling costs, whereas the average cost to build a new home is between $139,000 and $531,300.

Renovation enhances functionality, increases home value, and can add new space for personal or family needs. It typically modernizes older unfinished basements for new uses.

The Pinon, AZ homeowners’ guide to basement remodels

From average costs to expert advice, get all the answers you need to get your job done.