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

Serving Hope, ME and surrounding areas

Approved

In business since 2015

Emergency services offered

Credit card accepted

"The best electrical Company I have ever had work for me. They scheduled my appointment and kept me informed very well when they could do the job. Mike was very conscious about our house and his work area. He work very fast and fixed everyone of my problems, if you call and there is a little wait time before they can do it wait because Baker electric is worth the wait."
Response time2 days
Response rate91%
71 neighbors recently requested a quote
Avatar for G.A. Doughty Construction
G.A. Doughty Construction
3.4(
17
)
Basement - Remodel

Serving Hope, ME and surrounding areas

Approved

In business since 2003

Free estimates

Credit card accepted

"I can't overstate the quality of the work these folks did. We had our unfinished attic converted to living space, and the space had a lot of funky angles and old framing. G.A. Doughty's team did an incredible job making it work, including a half-bath! We're very pleased with the result. Everyone at G.A., the project manager, office staff, and all the subcontractors were very polite and fun to work with. Everyone who came to the house was very friendly. The only issue we had was that for a few months during the middle of the project, things seemed to stall out for about 6-8 weeks. I think they were having some availability issues with subcontractors and were overloaded from other projects."
Custom Kitchen
Response time1 day
34 neighbors recently requested a quote
Recommended by57%of homeowners
Avatar for Ironwood Construction
Ironwood Construction
5.0(
16
)
Basement - Remodel

Serving Hope, 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."
My jobs
My jobs
My jobs
My jobs
My jobs

+26

Response time3 days
Recommended by100%of homeowners
Avatar for Euphoric Hardscapes and Designs
Euphoric Hardscapes and Designs
4.1(
11
)
Basement - Remodel

Serving Hope, ME and surrounding areas

In business since 2001

Free estimates

Credit card accepted

"Initially, there was some confusion about the scheduled appointment. I spoke to a Home Advisor rep about it. Once that was cleared up, things went great. They were on time, did great work and cleaned up after themselves. I would hire them again."
Kitchen demo
Exterior Landscape
exterior fence
Front Yard
Exterior landscraping

+215

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

A finished basement must have a heat and electrical supply with an entrance that meets building code requirements, such as a stairwell to the home's main living space. It often must include finished walls, ceilings, and floors. If the finished basement includes a bedroom, it should have a heat source, an egress window, and a closet.

Remodeling, as opposed to finishing, means altering an already finished basement by adding a bathroom, bedroom, or living area.

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%.

Adding an extension or addition to your home costs more than a loft conversion in all but the rarest cases where the home's structural integrity is lacking. Because a home addition requires a new foundation section or significant structural upgrades to handle a cantilevered portion, the cost compared to almost any loft conversion is significantly greater for the same square footage.

If you’re not sure which method of raising the ceiling is best for you, here are a couple of considerations to help you make that decision. A professional ceiling company will be able to help you determine the best option for your home.

  • How long you are planning to live there: although raising the basement ceiling will increase the value of your home, if you’re planning to sell the house, then go for raising the house.

  • The condition of the foundation: to lower the floors, your foundation has to be intact whereas raising the house will allow you to restore the damaged foundation.

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.

The Hope, ME homeowners’ guide to basement remodels

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