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Avatar for Baker Electric and Sons
Baker Electric and Sons
4.1(
17
)
Basement - Remodel

Serving Belfast, ME and surrounding areas

Approved

In business since 2015

Emergency services offered

Credit card accepted

"Guys were professional and knew their stuff. Arrived on time,too. Solved my issue in 15 minutes. 'Was completely unprepared for the over $500 bill! My regular electrician was too busy but this was a fire hazard which demanded immediate attention. Wouldn't book with Baker's company again just because of outrageous price."
Response time2 days
Response rate91%
74 neighbors recently requested a quote
Avatar for Bangor Abatement, Inc.
Bangor Abatement, Inc.
4.5(
2
)
Basement - Remodel

Serving Belfast, ME and surrounding areas

Approved

In business since 2001

Free estimates

Emergency services offered

"They did a good job especially considering how brittle my old siding had become over the years. I’m pleased with their work and the price was right. I plan to hire them to do a couple more small jobs that I’m to old to do myself."
11 neighbors recently requested a quote
Avatar for Ironwood Construction
Ironwood Construction
5.0(
16
)
Basement - Remodel

Serving Belfast, ME and surrounding areas

In business since 2020

Offers commercial services

"We had water damage from a burst pipe in our finished basement. It took out part of our ceiling, an entire wall, and parts of other walls. Mark was able to come in and put up the drywall in a fast timeframe compared to other contractors. This included taping and mudding. Mark gave us recommendations for some other concerns we had in our basement regarding exposed electrical panels. He also added an access panel in the ceiling for us that was not part of the original plan. This new addition now allows us to access pipes that we previously were not able to."
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+26

Response time3 days
Recommended by100%of homeowners
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Basement Remodel questions, answered by experts

Yes, it is possible to turn a regular basement into a walkout basement. Doing so involves excavating the land around at least one side of your basement foundation, installing retaining walls to create a permanent below-grade area outside your home, and then cutting into the foundation to install an exterior door that leads out to the new space. This is an expensive and time-consuming project, but it can add a lot of value and utility to your home.

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.

You should plan on waiting at least a year and ideally two to three years after construction before finishing your basement. This will give the foundation time to settle in response to the weight of your home and the expansion of the surrounding soil. You can then repair your foundation and seal any cracks as needed before finishing it to reduce your risk of future leaks or other issues.

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.

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 Belfast, ME homeowners’ guide to basement remodels

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