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Avatar for Leviathan Group LLC
Leviathan Group LLC
5.0(
9
)
Basement - Remodel

Serving Otisfield, ME and surrounding areas

Approved

In business since 1996

Free estimates

Offers commercial services

"Highly recommended! We did a kitchen remodel. Don and his son did quality work. Beautiful custom cabinets and woodworking. Easy to work with & even went beyond expectations. They were quick to respond to any messages. We plan on hiring them again."
Cabinet
Kitchen Island
Custom Cabinets
Pot Hangers
The Leviathan Group

+9

Response time2 days
Response rate95%
6 neighbors recently requested a quote
Avatar for Innovative Construction
Innovative Construction
3.7(
33
)
Basement - Remodel

Serving Otisfield, ME and surrounding areas

Approved

In business since 2015

Free estimates

Emergency services offered

"I hired innovative construction to reside one side of my building. During the bidding of the project as well as during the execution of the work, Greg and his team were professional, timely and responsive. I would absolutely hire Greg and his team again"
Before
Deck Repair
Deck Repair
Before
MIDWAY

+9

Response time3 days
9 neighbors recently requested a quote
Recommended by43%of homeowners
Avatar for Doak and Co Contracting
Doak and Co Contracting
New to Angi
Basement - Remodel

Serving Otisfield, ME and surrounding areas

Approved

In business since 2023

Free estimates

Small jobs welcome

We at Doak and Co Contracting focus on quality services over quantity. We use our experience and expertise to complete your project with perfection. Customer service and honesty are the most important aspects of our business and your satisfaction is guaranteed. Please call us today for an estimate. We look forward to working with you.

Response time10 hrs
3 neighbors recently requested a quote
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Basement Remodel questions, answered by experts

Anything having to do with the structure of your home, such as raising the ceiling, is usually the most expensive part of finishing a basement. Another project component that could be a surprisingly high expense is adding an exterior entrance. 

The cost of a walkout basement can be anywhere from $5,000 to $35,000.

Walkout basements cost more than other kinds of basements, and can also increase your risk of leaks as well as a loss of insulation, leading to higher heating and cooling costs. Improperly installed walkout basements may lead to structural issues with your foundation, so ensure you’re working with a contractor who has extensive experience with this kind of basement.

It’s less expensive to finish your basement than it is to build an addition to your home. The average cost to refinish a basement is $32,000 (between $7 and $23 per square foot) while building an addition to your home costs $50,325 ($80 to $210 per square foot). Depending on the size of your basement and other factors, like moving plumbing and electrical, refinishing a basement is a more cost-effective option in most cases.

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%.

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

The Otisfield, ME homeowners’ guide to basement remodels

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