Is it more affordable to gut a house than build a new home?

• <div><p>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. </p><p>Most homeowners pay between <b>$100,000 and $200,000</b> for demolition and remodeling costs, whereas the average <a href="https://www.angi.com/articles/how-much-does-it-cost-build-house.htm">cost to build a new home</a> is between <b>$139,000 and $531,300</b>. </p></div>

Is it more affordable to finish an attic or a basement?

• <div><p>It is generally more affordable to finish a basement than an attic, though it ultimately depends on how you plan to use the space. The average <a href="https://www.angi.com/articles/how-much-does-it-cost-finish-basement.htm">cost to finish a basement</a> ranges from $7 to $23 per square foot, while attic renovation costs $30 to $60 per square foot. However, a simple attic conversion to a storage space will cost significantly less. </p></div>

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Q: Is it more affordable to gut a house than build a new home?

• <div><p>Whether it&rsquo;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&rsquo;s usually less expensive to renovate a home than to build new construction. </p><p>Most homeowners pay between <b>$100,000 and $200,000</b> for demolition and remodeling costs, whereas the average <a href="https://www.angi.com/articles/how-much-does-it-cost-build-house.htm">cost to build a new home</a> is between <b>$139,000 and $531,300</b>. </p></div>

Q: Do I need rebar on a basement floor?

• <div><p>Rebar is an essential part of reinforcing a basement floor, as not having it can impact its structural integrity. It helps absorb the tension factors that contribute to cracks in your floor and strengthens its load-bearing capabilities by evenly distributing the weight. Not including rebar could lead to an unstable floor, so don&rsquo;t skip it!</p></div>

Q: Can barndominiums have basements?

• <div><p>Yes, barndominiums can have basements. Barndominiums are typically built over concrete slabs, so barndo basements are not very common. However, it is possible to include a basement in a barndominium blueprint as long as you&rsquo;re building completely from scratch. Barndos can have the same types of basements as traditional homes, including full or walk-out basements.</p></div>

Q: What adds the most value to a basement?

• <div><p><a href="https://www.angi.com/articles/finished-vs-unfinished-basement.htm">Finishing an unfinished basement</a> 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.</p></div>

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Verified Reviews for Basement Remodel pros in Loda, IL

*The Angi rating for Basement Remodel companies in Loda, IL is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Basement Remodel needs.

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Last update on November 14, 2025

Reviewed in August 2025
I own a house which is around 90 years old. Its basement had compromised walls, one of which was seriously bowed. In addition, after heavy rain, the basement floor would be wet. I got estimates from three companies to correct these problems. Pivotal was a clear standout. The owner Jeff, his...
Pivotal Basement Solutions
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Reviewed in May 2025
This business did a full remodel of 25 units in 3 weeks. I plan on them doing many more.
Savage Renovations, LLC
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Reviewed in May 2024
The job done was exactly what we wanted. It was a remodel of an old deck and it looks great. The contract agreement was flexible to work with our needs and the quality of the workmanship was amazing. Very friendly and professional organization.
KODIAK IMPROVEMENTS, INC
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Reviewed in February 2016
The service I received from Family Waterproofing was phenomenal. Our basement rarely floods, but after a week or more of continual rains last summer, we got our first puddling, which kept my wife and I up in shifts for a few nights in a row working a shop vac to prevent any major damage. We...
Family Waterproofing Solutions
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Reviewed in July 2015
Went ok. Attic needed insulation, energy credits were good incentive. Illini Home Improvements was very clear about what they were going to do and what credits we would receive. Actually called on an earlier date than expected to come and complete job. Only problem was that I hadn't moved or...
Illini Home Improvements
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Reviewed in April 2014
I had some remodelling work done in the kitchen, getting new countertops. Kelly came to disconnect the old sink drains, faucet, and dishwasher in the morning before the countertops were installed. Following installation and allowing 24 hours for the silicone to dry, he returned to connect the...
Ameriplumb Plumbing Co.
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Reviewed in April 2011
Mr. Emery of Tremain Corp. was prompt, courteous, and professional in providing us with the information necessary to make the decision whether to go ahead with the project. A few days after the visit, we received a mailed formal mid-range estimate using a mid-tier tile giving us an idea of the...
Tremain Corp
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Reviewed in April 2008
In 2007, we bought a house out in the country that was built in 1992 and remodeled in 2003. There were several exterior doors that were in need of repainting. J&K came out to our home and gave us an estimate to do preparation work (including scraping the peeling paint, sanding and applying a...
J&K Painting
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Different level llc

Different level llc

Mennenga Construction, Inc.

Mennenga Construction, Inc.

The Handyman

The Handyman

McGuire Homes

McGuire Homes

Spectrum Design Group

Spectrum Design Group

2 Brothers Construction/Maintenance/Remodeling

2 Brothers Construction/Maintenance/Remodeling

City general contractors

City general contractors

Home Again Service

Home Again Service

JT Perfect Home Co

JT Perfect Home Co

Scofield Remodeling

Scofield Remodeling

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