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Avatar for EnviroBate
EnviroBate
4.6(
115
)
Basement - Remodel

Serving Lyle, 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 Lyle, 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.

Finishing a basement can provide a great return on investment, by increasing the market price of your home when you want to sell. Beyond that, there are many reasons to finish your basement. Doing so expands the usable square footage of your home, so you can enjoy it more, even as your family grows. Renovating your basement costs less in terms of time, energy, and money than having to search for and buy a new home.

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.

Permits may be required for major repairs, structural work, or electrical and plumbing restoration after a flood. Check with your local building department to determine permit requirements and associated fees for your flooded basement cleanup project. Obtaining the correct permits helps ensure work is done safely and up to code.

Adding an extension or addition to your home costs more than a loft conversion in all but the rarest cases where the home's structural integrity is lacking. Because a home addition requires a new foundation section or significant structural upgrades to handle a cantilevered portion, the cost compared to almost any loft conversion is significantly greater for the same square footage.

The Lyle, MN homeowners’ guide to basement remodels

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