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Top-Rated Basement remodelers in Lakefield - Updated Nov 2026

Avatar for Betterliving Sunrooms By Portico
Betterliving Sunrooms By Portico
3.7(
41
)
Basement - Remodel

Serving Lakefield, MN and surrounding areas

In business since 2009

Credit card accepted

"We had a great experience, from our initial meeting with Robert to discuss the bid, to our interactions with the work crew who were working at our house for over a month. Everyone at Portico has been very responsive and a did a great job meeting our needs and adjusting to the unforeseen complications that come with finishing the basement of a 70 year old home. We were extremely pleased with the end result and use our new basement all the time!
"
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+3

Recommended by69%of homeowners
Avatar for Homemade Design
Homemade Design
3.7(
322
)
Basement - Remodel

Serving Lakefield, MN and surrounding areas

In business since 2006

Credit card accepted

"Amanda was really very good!  At first I was very skeptical, thinking why did I pay money to just speak with someone on the phone about my kitchen remodel project... but after just a few minutes of her addressing some of the issues/questions I emailed to her earlier, I knew it was worth it.  It was very clear that she knew her business and she gave me several ideas that I had not even thought about.  I told her that I would definitely recommend her to friends and I will very likely use her again myself for my next home project!

"
Pennsylvania Master Bathroom
Boston Small Condo Kitchen
California Client Saves with HMD Designer Discounts
Recommended by54%of homeowners
Avatar for Matthew Moss Painting
Matthew Moss Painting
3.7(
3
)
Basement - Remodel

Serving Lakefield, MN and surrounding areas

In business since 1990

Emergency services offered

Credit card accepted

Interior painting, exterior painting, Log Cabin Staining sheetrock repair, carpentry work, staining, concrete painting, handyman work, pressure washing, corn cobb and walnut shell blasting, cedar roof cleaning and stain & wood floor re-finishing. Additional phone number - (218) 851-4078

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+24

Recommended by66%of homeowners
Basement Remodel FAQs, answered by experts

In many homes, an unfinished basement is an ideal place for an in-ground pool. The concrete floors, protection against water damage, and access to the ground below your home make this a large contender. Speak with a local basement remodeling contractor to ensure your space is right for the large construction.

Building a bar in the basement will likely add value to your home, although it’s unlikely that you’ll see a significant return on investment (ROI) unless you plan on using the space for you and your guests. If you think you’ll use the area frequently, though, it’s probably worth the investment, and you should see a bump in value if or when you sell your property.

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 difficulty of adding a basement to an existing house can vary depending on the house’s location, the size of the basement, and the type and condition of the existing foundation. Adding a basement is a job best handled by the pros, so you’ll need to enlist professional help for this project.

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.

The Lakefield, MN homeowners’ guide to basement remodels

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