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Avatar for Minks General Contracting
Minks General Contracting
5.0(
10
)
Basement - Remodel

Serving Carmel, ME and surrounding areas

Approved

In business since 2005

Free estimates

Small jobs welcome

"Carl did an absolutely incredible job installing crown molding in our home. From the very beginning, I trusted him to conceptually design something that would complement our vaulted ceilings and overall aesthetic. He completely knocked it out of the park and exceeded expectations. His craftsmanship is meticulous, and the finished result truly transformed the space. What stood out just as much as his skill was his professionalism. He was always available to talk through ideas, answer questions, and make sure we felt confident in every decision. He also completed the job faster than originally estimated. We couldn’t be happier and are already looking forward to having him back for our next home renovation project. Highly recommend!"
My Projects
My Projects
My Projects
My Projects
My Projects

+17

Response time3 hrs
Response rate94%
3 neighbors recently requested a quote
Avatar for Baker Electric and Sons
Baker Electric and Sons
4.1(
17
)
Basement - Remodel

Serving Carmel, 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%
73 neighbors recently requested a quote
Avatar for Bangor Abatement, Inc.
Bangor Abatement, Inc.
4.5(
2
)
Basement - Remodel

Serving Carmel, 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."
14 neighbors recently requested a quote
Fairmount Woodworking & Remodeling LLC
5.0(
6
)
Basement - Remodel

Serving Carmel, ME and surrounding areas

In business since 2006

Free estimates

Small jobs welcome

"You owe it to yourself to bring Ryan in to take a look at your project. Pulling from a wealth of experience, and practical problem-solving skills - Ryan will deliver a project that exceeds your expectations. Better yet, you can be supremely confident that the work is done to the absolute highest standard. My wife and I brought Ryan in for build in bookshelves around a fireplace. Of course, the project expanded into a few areas of the home to include a small side porch, new exterior door, and additional shelving. Most importantly, Ryan did not hesitate to provide input to our vision for the shelves. The result was a much better product than we could have hoped for. Ryan is more than someone you bring into your home to do a job; he becomes your partner and is as excited as you are to bring beautiful projects to life."
Right Side Cabinetry
Right Side Cabinetry
Left Side Cabinetry
Left Side Cabinetry
Custom Built Cabinetry

+19

Response time2 days
Response rate100%
Recommended by100%of homeowners
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Basement Remodel questions, answered by experts

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.

Finishing a basement can provide a great return on investment, by increasing the market price of your home when you want to sell. Beyond that, there are many reasons to finish your basement. Doing so expands the usable square footage of your home, so you can enjoy it more, even as your family grows. Renovating your basement costs less in terms of time, energy, and money than having to search for and buy a new home.

A walkout basement is considered to be partially below grade because at least one wall is entirely exposed. In some cases and in specific municipalities, inspectors and appraisers will still count walkout basements as below grade, which means the space can’t serve as living space or be rented out. If you intend on using the area as living space or a separate apartment, you should check with your local building department to make sure it’s legal to do so.

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.

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.

The Carmel, ME homeowners’ guide to basement remodels

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