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Avatar for PSD Home Improvement, LLC
PSD Home Improvement, LLC
5.0(
10
)
Basement - Remodel

Serving Hanover, IL and surrounding areas

Approved

In business since 2024

Free estimates

Warranties offered

"Chris, the owner, does excellent work. He is a very skilled, knowledgeable and friendly craftsman who knows how to get the job done correctly the first time. I highly recommend his services!"
6 neighbors recently requested a quote
Avatar for American Custom Homes
American Custom Homes
5.0(
3
)
Basement - Remodel

Serving Hanover, IL and surrounding areas

In business since 2000

Emergency services offered

Credit card accepted

"I would like to start off with precise, warm welcome and highly responsible of what they are doing. They really know what they are doing and from start from start to end it has been a great project with new experiences and great craftsmanship. Thanks again guys and i hope to have more work for you soon...
"
Stone Travertine
12x6 Travertine hand cut
Complete Steamer
Recommended by100%of homeowners
Avatar for Homemade Design
Homemade Design
3.7(
322
)
Basement - Remodel

Serving Hanover, IL 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
Avatar for Green Earth Enterprises Inc
Green Earth Enterprises Inc
4.7(
7
)
Basement - Remodel

Serving Hanover, IL and surrounding areas

In business since 2009

Free estimates

Emergency services offered

"I hired the company to do a make ready [clean up & prep] on a single apartment in a building which I own in the  town where I live. I needed the property to be cleaned up so I could rent it again.  I have been a landlord for over 20 years & hadn't found a vacated property in such a mess in all my years. They did the complete interior clean-up which took about five hours. And, the complete prep of the property. they took out all the trash & junk, and cleaned up all debris left in the yard. They did such a great job with that I decided to use them for the yard maintenance also. They cleaned all my flowerbeds & got them ready for spring, placed mulch & trimmed the shrubs and flowering trees. On the inside they made everything look brand new! Cleaning the walls, painting, cleaned the carpets & stripped & polished the wood floors...making them look brand new. The appliances that stayed were cleaned inside & out. They even remembered to get all the light fixtures clean for me. Dusted all window seals & doorways. Shine mopped all they tile floors. To top it all off they even gave the bathrooms a fresh clean look by putting a new caulk seal around the tubs, sinks & shower...which gave the bathrooms a fresh face. All in all I found it to be a very stress free pleasant experience. And, I will definitely call on them for the next project because if they could do so well with a nightmare like that I'm sure the less difficult will be equally affordable and easily handled. Everything just looked so nice when they were finished. Thanks, Green Earth
"
Recommended by71%of homeowners
Avatar for WILCO CONTRACTING LLC
WILCO CONTRACTING LLC
5.0(
1
)
Basement - Remodel

Serving Hanover, IL and surrounding areas

In business since 2023

Free estimates

Small jobs welcome

We're a locally and veteran 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 Home Improvement services that are customizable to each individual project. We specialize in Additions and Remodels, but also offer a wide range of expertise for a variety of other projects. We pride ourselves on the quality of our work as well as our commitment to outstanding results. We look forward to building lasting relationships and guarantee your satisfaction!

Response time2 days
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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.

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.

The average cost to remodel a basement is between $12,100 and $33,400. Depending on the project's complexity, the price can be as low as $3,500 or exceed $50,200. For a simple project like adding a home office, you might spend between $500 and $3,000. However, a more extensive project, such as adding a bathroom, can range from $6,600 to $16,500. The final cost is influenced by factors like the basement's size and condition, the type of remodel, material choices, your location, and accessibility. For an accurate price, it's best to consult with a basement remodeling team.

Yes, most general contractors require an initial down payment. A reasonable deposit is typically between 10% and 25% of the total project cost, although this can vary by project size and location. This upfront payment helps the contractor cover initial costs like materials, permits, licensing, and hiring subcontractors. The remaining balance is usually billed according to a schedule outlined in your contract, often tied to project milestones or completion dates. Be cautious of contractors who ask for a large deposit of 50% or more, as this could be a red flag for a scam.

Roughing in and connecting utilities are the hardest parts of finishing a basement, and they’re the parts we typically don’t recommend doing as a DIY project. Unfortunately, your finishing timeline can be extended by weeks while you wait for contractors and inspectors to install electrical wiring, plumbing lines, and heating/cooling equipment and carry out inspections.

The Hanover, IL homeowners’ guide to basement remodels

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