Get matched with top basement remodelers in Philpot, KY

Q: Do general contractors require a down payment, and what is the typical payment schedule?

• <div><p>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.</p></div>

Q: Is it normal for a contractor to ask for a down payment, and how much should you pay up front?

• <div><p>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.</p></div>

Q: What are the pros and cons of finishing a basement?

• <div><p>When considering finishing your basement, take into account a few pros and cons:</p><p>Pros</p><ul><li><p>Can increase the value of your home</p></li><li><p>Separate space from the rest of the house </p></li><li><p>Customize and personalize the basement to suit your needs and style</p></li><li><p>Increase the amount of living space in your home</p></li></ul><p>Cons</p><ul><li><p>May not regain enough value to cover the cost of finishing</p></li><li><p>Lack of natural light if it&rsquo;s below ground level</p></li><li><p>Moisture or flooding can cause costly damage</p></li><li><p>Installing plumbing and electrical can be messy and costly</p></li></ul><p></p></div>

Q: Does adding a bathroom to your basement increase home value?

• <div><p>Adding a bathroom to your basement can increase your home value since homes with multiple bathrooms sell for more. The return on investment (ROI) for a basement bathroom is <b>50% to 75%</b>. The actual return varies with your home and location. Adding a half bath to your home increases the value by 2.9% while finishing a basement increases the home value by 6.6%.</p></div>

Q: Will adding a walkout basement increase home value?

• <div><p>Yes, adding a walkout basement will usually bump up your property value. Most homeowners prefer walk out basements because the exposed wall that&rsquo;s level with the ground provides more utility via a ground-level exterior entrance, and they can fit full windows, which adds natural light and ventilation to the basement area. The only exception might be in areas prone to tornadoes, as walkout basements aren&rsquo;t as safe as regular basements during a tornado, particularly if they include large windows or glass sliding doors.</p></div>

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Verified Reviews for Basement Remodel pros in Philpot, KY

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

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

Last update on October 05, 2025

Reviewed in October 2025
This contractor took on a full remodel of an old home that had been in a rental program and was in serious “dis-repair. Involved a complete “gut” down to studs. It received all new drywall, plumbing and some electrical that included updated lighting. Completely new redesigned kitchen, cabinets ,...
Coastal Home Solutions of PCB LLC
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Reviewed in June 2024
PCC did a great job on my home. We had done some remodeling and needed a good deep clean after all the construction work.
PAYNE'S COMMERCIAL CLEANING, L.L.C.
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Reviewed in November 2022
We were very pleased with the outcome. It involved removing old fencing and extending a new fence line. They were hard workers and always were available when they promised. We have future remodeling plans on total bathroom upgrade and will definitely call on them.
AHC Services
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Reviewed in May 2021
Great experience. Loved the remodel of both bathrooms.
PDQ Home Improvement, LLC
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Reviewed in April 2021
We had 2 bathrooms remodeled. Phillip and Michael were both very skilled and professional. Our bathrooms look amazing. I would highly recommend their work.
Phillip's Home Repair Building and Remodeling
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Reviewed in May 2019
Phillip's Home Repair Building and Remodeling is excellent in their workmanship, communication, and experience. Phillip gives good solutions for home repair issues and clearly communicates work to be done and estimates. He is very efficient and cleans up the work space. I highly recommend this...
Phillip's Home Repair Building and Remodeling
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Reviewed in December 2017
I contacted them and they called back asking for dimensions of the basement. After several calls and texts trying to reach them I decided to give up on them,, horrrible customer service
Yobanis Drywall
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Reviewed in December 2015
It was a long process, but David Sugg kept everything running smoothly. Since it was such a large project, there were several steps that involved many skilled workers from concrete and bricklayers, electricians, roofers and siding professionals. For the most part (weather permitting) there...
Profinish Remodeling
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Reviewed in July 2015
Overall, very well. Damon came initially and was extremely thorough in accessing our situation. Spent 2 and 1/2 hours taking measurements, drawing it out on CAD ,and running the estimate. We felt like he had an accurate view of our problems. We also had B-Dry give an estimate, which was higher...
Healthy Spaces
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Reviewed in February 2014
We live in Louisville and our home in Owensboro was in need of a remodel to put on the market for sale. Ronnny and his wife preformed the inital quote and provided pictures and samples of the new lighting fixtures, tile, bathroom fixtures, carpet, etc. The remodel scope was both the every room...
Brown's Remodeling
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Find Basement remodelers in Philpot

Phillip's Home Repair Building and Remodeling

4.3(

)

Serving Philpot, KY and surrounding areas

Approved

In business since 1996

Free estimates

Emergency services offered

"We had 2 bathrooms remodeled. Phillip and Michael were both very skilled and professional. Our bathrooms look amazing. I would highly recommend their work."

6 neighbors recently requested a quote

Recommended by88%of homeowners

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Primetime Construction, LLC

4.3(

)

Serving Philpot, KY and surrounding areas

Approved

In business since 2025

Free estimates

Credit card accepted

"We had the best experience with these guys, they made sure to keep us updated and included us on every detail!"

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Pentecost Concrete Construction, LLC

4.5(

)

Serving Philpot, KY and surrounding areas

Approved

In business since 2005

Free estimates

Emergency services offered

"Always on time and does the job properly."

+29

Response time1 day

Recommended by100%of homeowners

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Daniel Wallace

New to Angi

Serving Philpot, KY and surrounding areas

Approved

I’m a hardworking person who doesn’t like to leave projects half finished or looking sloppy, I can be a bit of a perfectionist. I’ve always fixed and built almost everything I needed myself and I take pride in being self sufficient. I’ve been an electrician for a year and half now and before that I was fabricating aerators for private residences. I have a wife and two children, so I can handle the chaos of a whole house remodel even if you decide to alter any details halfway through.

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Elite Installation Services LLC

4.5(

)

Serving Philpot, KY and surrounding areas

In business since 2013

Free estimates

Warranties offered

"The installation crew was awesome. They were very professional and friendly. The installers took pride in their work. They insured that all 19 windows were installed properly and left a clean work site. I recommend Elite installation Services."

+30

Recommended by87%of homeowners

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Phillip's Home Repair Building and Remodeling

4.3(

)

Serving Philpot, KY and surrounding areas

In business since 1996

Free estimates

Emergency services offered

"They worked with me on changes that I wanted in the remodeling process and done a great job.I would highly recommend them to whomever needs to remodel there home."

+40

Response time1 day

Recommended by88%of homeowners

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Potter House Group Inc

4.4(

)

Serving Philpot, KY and surrounding areas

In business since 2003

Emergency services offered

Credit card accepted

"Potter House Group managed all aspects of the restoration and dealt with the insurance adjuster and ourselves as needed. They arrived on time each morning and completed the job far ahead of schedule.

As I write this, six months later, I really can't think of a single issue that wasn't resolved to our complete satisfaction. The areas in the cottage that had been damaged are now in much better condition than they had been, even before the incident."

Recommended by100%of homeowners

Serving Philpot, KY and surrounding areas

In business since 2020

Free estimates

Emergency services offered

"My home alarm system works flawlessly. If you want a company you can trust to install an alarm system in your home, give Goodrich Technology Solution a call. Unmatched professionalism!"

Recommended by100%of homeowners

Serving Philpot, KY and surrounding areas

In business since 1996

Free estimates

Emergency services offered

"
Rick and his son, Chris, were very professional. I was concerned about the undertaking of this remodel but after meeting with J Co. I felt at ease, in addition, I felt I had the right company for the job. They worked long hours including Sundays, trying to get this project finished for me in a timely manner and they did just that.

I don't think there were any surprises once they job was started. Rick was very observant when I showed him what I wanted done and also made some suggestions of what he thought should be done for the best turnout.

After each work day, I took notice that they took time to clean up after themselves.

"

Recommended by90%of homeowners

Serving Philpot, KY and surrounding areas

In business since 2022

Free estimates

"Great! Good communication, excellent work ethic, quality product and service!"

+37

Recommended by100%of homeowners

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Showing 1-10 of 32

Basement Remodel questions, answered by experts

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.

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.

When considering finishing your basement, take into account a few pros and cons:

Pros

Can increase the value of your home
Separate space from the rest of the house
Customize and personalize the basement to suit your needs and style
Increase the amount of living space in your home

Cons

May not regain enough value to cover the cost of finishing
Lack of natural light if it’s below ground level
Moisture or flooding can cause costly damage
Installing plumbing and electrical can be messy and costly

Adding a bathroom to your basement can increase your home value since homes with multiple bathrooms sell for more. The return on investment (ROI) for a basement bathroom is 50% to 75%. The actual return varies with your home and location. Adding a half bath to your home increases the value by 2.9% while finishing a basement increases the home value by 6.6%.

Yes, adding a walkout basement will usually bump up your property value. Most homeowners prefer walk out basements because the exposed wall that’s level with the ground provides more utility via a ground-level exterior entrance, and they can fit full windows, which adds natural light and ventilation to the basement area. The only exception might be in areas prone to tornadoes, as walkout basements aren’t as safe as regular basements during a tornado, particularly if they include large windows or glass sliding doors.

The Philpot, KY homeowners’ guide to basement remodels

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

See all articles

Rachel Hoffman
•
Jul 20, 2026Jul 20, 2026
How Much Does a Basement Remodel Cost? [2026 Data]
A basement remodel can often cost as much as adding another room. However, homeowners should consider the usefulness and ROI of a remodel.
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•
Aug 3, 2026Aug 3, 2026
How Much Does It Cost to Frame a Basement? [2026 Data]
The first step toward a cozy finished basement is adding its framing. How much does it cost to frame a basement? Let's break down the numbers.
Rachel Hoffman
•
Jul 9, 2026Jul 9, 2026
How Much Does It Cost to Finish a Basement? [2026 Data]
An unfinished basement has a lot of potential for a family room or guest suite. So how much does it cost to finish a basement? Read on for all cost factors.
Amy Freeman
•
Jul 20, 2026Jul 20, 2026
Basement Remodel on a Budget: Yes, You Can Do It
Do you have a finished basement? If you want to give it a new lease on life, find out how you can do a basement remodel on a budget.
Melissa Graham
•
May 18, 2026May 18, 2026
5 Questions to Ask About Basement Remodels
These questions for professional contractors can help address your basement remodeling needs, design, and the best time to start the project.
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•
Jul 9, 2026Jul 9, 2026
These 8 Red Flags Will Help You Spot a Bad Basement Remodeler
Hiring a bad basement remodeler can wreak havoc on the look and longevity of your unfinished space. Here are red flags to look for as you vet basement contractors.