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

Serving Madison, ME and surrounding areas

Approved

In business since 2005

Free estimates

Small jobs welcome

"Carl did a fantastic job! The project was completed above and beyond my expectations. He offiered great suggestions - most of which are my favorite aspects of the kitchen remodel. Carl and his crew are very dependable and his work is excellent."
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 Madison, 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%
74 neighbors recently requested a quote
Avatar for NGF Construction
NGF Construction
4.2(
5
)
Basement - Remodel

Serving Madison, ME and surrounding areas

Approved

In business since 2024

Free estimates

Emergency services offered

"Prompt, reasonable and professional. Good crew. Came up with great ideas on other projects I have in mind. Love my new ceiling, they fixed all the rot in my subfloors and prepped for new flooring. Would recommend for all your weekend projects. Did I mention they work efficiently? what they got done in a weekend probably would have taken a 4 man crew a week. Nick, Gerry and Frank are the crew for you."
Deck rebuild
Deck rebuild
Deck rebuild
Rustic wooden ship lap
Rustic wooden ship lap

+15

1 neighbors recently requested a quote
Avatar for Gilmax General Contractors
Gilmax General Contractors
New to Angi
Basement - Remodel

Serving Madison, ME and surrounding areas

Approved

In business since 2018

Free estimates

Warranties offered

With over 20 years experience in the Remodeling industry, Gilmax General Contractors is your industry expert in Somerset county and the surrounding areas. We pride ourselves on our extreme professionalism and attention to detail. Our customer satisfaction guarantee will assure you we will not leave your property until you are completely satisfied with our work. As a family owned and operated business you can trust that we will treat your home as we would treat our own. Give us a call today we look forward to working with you!

Response time1 day
Avatar for Conley, Inc.
Conley, Inc.
4.9(
6
)
Basement - Remodel

Serving Madison, ME and surrounding areas

In business since 1994

Free estimates

"Had a wonderful, positive experience hiring Conley Inc. to restore the rotting logs on my home at a reasonable price. Steven returned my phone call promptly, listened to my concerns, investigated best products to use, and explained methods he would use to restore the logs. I found Steven and his crew to be friendly, respectful, helpful, and hardworking. They finished the job in a timely manner and cleaned up after themselves. Steven found more soft spots on my logs than I knew I had, and took the initiative to fix those with no extra cost to me. I am so thankful and appreciative for that and the awesome job they did, that Iâ  m having them return to do a kitchen/bathroom remodeling project. Thanks, Steven and crew!"
Log Home Renovation
New Deck
New Deck
Log Home Renovation
New Deck

+48

Response time2 days
Recommended by83%of homeowners
Avatar for Bellevue Builders Co
Bellevue Builders Co
5.0(
8
)
Basement - Remodel

Serving Madison, ME and surrounding areas

In business since 2021

Free estimates

"Bellevue Builders did such an amazing job renovating my bathroom. From the day they started the job to the day they ended, all of the work and cleanup was done meticulously. I met with the owner who was so responsive and thorough — any questions I had he answered! Very professional team who not only took really good care of us but did some beautiful tile work! Above and beyond expectations. I would recommend this company to anyone who needs quality work."
Additional Photos
Additional Photos
Additional Photos
Additional Photos
Additional Photos

+18

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

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.

The time it takes to finish or remodel a basement can vary significantly, ranging from a few weeks to several months or even up to a year. On average, the construction phase can take four to eight weeks, but the total project time can extend to three or four months when including planning and permits. The timeline depends on several factors, including the basement's size, design complexity, the scope of the work, and your contractor's availability. A more detailed breakdown for an average-sized basement might include: framing (3-5 days), electrical and rough-in plumbing (3-5 days), drywall installation (5 days), flooring (2-3 days), and final touches like painting and trim (about a week). If preliminary work like installing a waterproofing system or addressing structural issues is needed, the timeline could extend to six to twelve months. Factors like difficult access, material transport, and ventilation needs can also add to the project's duration.

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.

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

Yes, in most cases, finishing a basement is worth the cost. The project adds valuable, usable square footage to your home and typically provides a return on investment (ROI) of 70% to 75%. For example, an average basement refinishing project costing $32,000 could add between $22,400 and $24,000 to your property's value. The final value added depends on factors like your location, the quality of materials and workmanship, and the features you include, such as a living space, bedroom, or bathroom. To be officially counted in your home's total square footage, the finished space must comply with all local building codes, including requirements for points of egress. However, in areas prone to flooding, a finished basement might be seen as a liability by potential buyers and could potentially decrease your home's value.

The Madison, ME homeowners’ guide to basement remodels

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