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Avatar for EnviroBate
EnviroBate
4.6(
115
)
Basement - Remodel

Serving Adams, MN and surrounding areas

In business since 1989

Free estimates

Emergency services offered

"I called Jeff to get his thoughts on some asbestos duct insulation in the basement of a house we were making an offer on. He was out with an appointment, but called back ASAP and asked for all the details, then walked me through what he would do in my situation. Incredibly, even though his livelihood is asbestos mitigation, he recommended I leave it alone (he said since there was so little asbestos, and the insulation tape was in good enough shape, it'd actually be worse to try and remove it). He was extremely courteous and knowledgeable, and even though his advice meant that I wouldn't be hiring him, he has my recommendation for anyone who actually DOES have an asbestos problem.
"
Eric Hjort, Project Manager for Home Services
Recommended by97%of homeowners
Avatar for Fischer Family Services LLC
Fischer Family Services LLC
5.0(
3
)
Basement - Remodel

Serving Adams, MN and surrounding areas

In business since 2021

Free estimates

We have the experience and dedication to get the job done right! Specializing in Kitchen and Bathroom Remodeling services; We guarantee your satisfaction, and we won't leave until the job is done right. We pride ourselves on the quality work we provide, while delivering great customer service! Call or click for your estimate today!

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

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.

Walkout basements are not generally included in a home’s square footage, although they may be if they meet certain conditions that depend on local regulations. A finished walkout basement used as a living space may be counted toward square footage in some locations as long as all codes for livable space are met.

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.

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

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.

The Adams, MN homeowners’ guide to basement remodels

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