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TRUSTED BY MADRID, IA HOMEOWNERS

  • Average homeowner rating star icon4.4
    Average homeowner rating
  • Verified reviews icon10
    Verified basement remodels reviews

Find Basement remodelers in Madrid

Scott's Home Renewal
4.6(
177
)
Basement - Remodel

Serving Madrid, IA and surrounding areas

Approved

In business since 1994

Free estimates

Customers say: True professional

"I couldn't be happier with the work. Andy was extremely helpful and punctual. I had quite a few estimates on my kitchen remodel and I felt like none of the contractors I talked to were really interested in what I wanted. Andy listened to everything I had to say and delivered. 

Not only was the work completed on time. It was top notch work and under budget. How often does that happen?

I would highly recommend Andy Scott and would definitely use him again in the future. 


"
5 neighbors recently requested a quote
Recommended by98%of homeowners
Avatar for KBS Remodeling and Restoration LLC
KBS Remodeling and Restoration LLC
4.2(
129
)
Basement - Remodel

Serving Madrid, IA and surrounding areas

Approved

In business since 2016

Free estimates

Emergency services offered

KBS Remodeling & Restoration is your local remodeling company dedicated to quality and customer service. Each worker is trained and skilled in their profession to deliver quality results every time! KBS uses material and install practices that allow us to offer transferable workmanship warranties without cutting corners.\n\n

Project Photos
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+357

19 neighbors recently requested a quote
Recommended by93%of homeowners
Avatar for 777 Remodeling, Renovations & Repairs LLC
777 Remodeling, Renovations & Repairs LLC
4.2(
11
)
Basement - Remodel

Serving Madrid, IA and surrounding areas

Approved

Super Service Award Winner

In business since 2024

Emergency services offered

Warranties offered

"This contractor was amazing. This is just one of the many projects he has done in my home. Communication has been on point. The work that has been done is top notch. He was always on time and available to answer my questions. The price point for projects was well with in my range. His willingness to work with me and making changes to the plan was great."
Response time2 days
11 neighbors recently requested a quote
AJ QUALITY CONSTRUCTION LLC
4.6(
10
)
Basement - Remodel

Serving Madrid, IA and surrounding areas

Approved

In business since 2020

Free estimates

Credit card accepted

We are a locally owned and operated company that values honesty and integrity and treats your home as if it were our own. We offer a variety of General Contractor services that are customizable to each individual project. You will find us to be competitively priced, paying close attention to the details of each and every project that we are involved with. We look forward to building lasting relationships and guarantee your satisfaction!

1 neighbors recently requested a quote
Recommended by33%of homeowners
Avatar for 4 Corners Remodeling & Construction, LLC
4 Corners Remodeling & Construction, LLC
3.0(
2
)
Basement - Remodel

Serving Madrid, IA and surrounding areas

Approved

In business since 2018

Free estimates

Credit card accepted

Matt is committed to excellence in every aspect of our business. We uphold a standard of integrity bound by fairness, honesty, and personal responsibility. Our distinction is the quality of service we bring to our customers. Accurate knowledge of our trade combined with ability is what makes us true professionals. Above all, we are watchful of our customers interests, and make their concerns the basis of our business.

deck and railing
deck and railing
new deck and roof addition
new deck and roof addition
new deck and roof addition

+79

Response time2 days
11 neighbors recently requested a quote
Recommended by100%of homeowners
Avatar for deWit Construction & Remodeling
deWit Construction & Remodeling
4.8(
26
)
Basement - Remodel

Serving Madrid, IA and surrounding areas

In business since 2008

Free estimates

Emergency services offered

"The work was to our expectation. The living room addition was done to our taste and fitted very well with the reast of the house. The egress window installation to the basement room gave a whole new life and vibrancy to the rooms downstairs. Our kitchen now looks great after the remodelling.Neil and all his team were very respectful and professional. Everything went to our expectations and I would highly reccommend him to anyone who needs some work to be done!"
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+8

Recommended by95%of homeowners
Avatar for Addition Doctors
Addition Doctors
4.7(
22
)
Basement - Remodel

Serving Madrid, IA and surrounding areas

In business since 1985

Free estimates

"I am thrilled with my Bathroom- they showed up when they said they would. They listened to my requests - went into the project knowing what the end goal would be. The bill was what they quoted. They cleaned up after themselves. Great customer service and outstanding workmanship."
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Enjoy the Porch

+18

Recommended by100%of homeowners
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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.

It is common for a contractor to ask for a down payment before starting a project, especially for jobs that require purchasing materials and equipment or hiring a crew. The deposit amount can range from 10% to 50% of the total job cost. While a request for up to 50% is not unusual, a contractor should not ask for more than that, and you should never pay for a project in full before the work has begun. To protect yourself, always discuss payment terms before starting and have a written contract that outlines the project timeline and expectations. Additionally, be sure to hire reputable contractors and check their licensing and insurance before the project begins.

If you don’t have a crawl space but have a partial basement you want to make deeper, you can expect to spend a little less—between $40,000 and $90,000 on average. However, if you’re not adding new finished square footage, you won’t see much in the way of ROI.

The average cost of remodeling a basement is $30 to $75 per square foot. If your space is unfinished and looks like it may need more help, use the higher number when calculating your estimated basement remodeling costs. A good rule of thumb is to add an additional 20% to the top of your estimate to cover any “what if” situations.

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 Madrid, IA homeowners’ guide to basement remodels

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