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

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

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

Serving Stetson, 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

Yes, most general contractors require an initial down payment, typically between 10% and 25% of the total project cost. This upfront payment helps cover the costs of materials, permits, and subcontractors. The remaining project costs are usually billed after specific project milestones are reached or on set completion dates, as outlined in your contract. Be wary of contractors who require a significant deposit of 50% or more upfront, as this could be a red flag for a scam.

The average cost to remodel a basement is between $12,100 and $33,400. Depending on the project's complexity, the price can be as low as $3,500 or exceed $50,200. For a simple project like adding a home office, you might spend between $500 and $3,000. However, a more extensive project, such as adding a bathroom, can range from $6,600 to $16,500. The final cost is influenced by factors like the basement's size and condition, the type of remodel, material choices, your location, and accessibility. For an accurate price, it's best to consult with a basement remodeling team.

Although homeowners often use the terms basement remodeling and basement finishing interchangeably, they are quite different terms. 

Finishing a basement is the process of taking a basement space that is not habitable and adding elements to make it usable. This includes adding plumbing, flooring, and insulation.

Remodeling a basement means taking an already existing finished basement and changing it, often by adding or removing walls, adding plumbing, or changing the existing flooring.

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.

Save money on your basement finishing project by making cost-effective decisions such as minimizing structural changes and avoiding costly construction revisions. DIY simpler tasks such as painting or basic cleanup to reduce labor costs. You can also opt for energy-efficient fixtures and materials that may qualify for rebates or tax incentives.

The Stetson, ME homeowners’ guide to basement remodels

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