What are the pros and cons of finishing a basement?

• <div><p>When considering finishing your basement, take into account a few pros and cons:</p><p>Pros</p><ul><li><p>Can increase the value of your home</p></li><li><p>Separate space from the rest of the house </p></li><li><p>Customize and personalize the basement to suit your needs and style</p></li><li><p>Increase the amount of living space in your home</p></li></ul><p>Cons</p><ul><li><p>May not regain enough value to cover the cost of finishing</p></li><li><p>Lack of natural light if it’s below ground level</p></li><li><p>Moisture or flooding can cause costly damage</p></li><li><p>Installing plumbing and electrical can be messy and costly</p></li></ul><p></p></div>

Get matched with top basement remodelers in Monticello, MS

Q: What is considered a finished basement?

• <div><p>A finished basement must have a heat and electrical supply with an entrance that meets building code requirements, such as a stairwell to the home's main living space. It often must include finished walls, ceilings, and floors. If the finished basement includes a bedroom, it should have a heat source, an egress window, and a closet.</p><p>Remodeling, as opposed to finishing, means altering an already finished basement by adding a bathroom, bedroom, or living area.</p></div>

Q: Do I need permits for flooded basement cleanup or repairs?

• <div><p>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.</p></div>

Q: Are walkout basements included in square footage?

• <div><p>Walkout basements are not generally included in a home&rsquo;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.</p></div>

Q: How do I budget for a basement remodel?

• <div><p>The average cost of remodeling a basement is <b>$30 to $75 per square foot</b>. If your space is unfinished and looks like it may need more help, use the higher number when calculating your estimated basement remodeling costs. A good rule of thumb is to add an additional 20% to the top of your estimate to cover any &ldquo;what if&rdquo; situations.</p></div>

Enter your ZIP and get matched with up to 5 pros

Need a pro for your basement remodel project in Monticello, MS?

Select your specific project to find the pro for you.

Verified Reviews for Basement Remodel pros in Monticello, MS

*The Angi rating for Basement Remodel companies in Monticello, MS is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Basement Remodel needs.

*The HomeAdvisor rating for Basement Remodel companies in Monticello, MS is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Basement Remodel needs.

Last update on November 01, 2025

Reviewed in September 2024
If any problems occur within a reasonable time frame related to their work, it will be resolved even after they have been paid in full. Anything this company puts their name on they take pride in it and will stick with you until you are satisfied. R&R Construction has done a full remodel for...
R&R Construction
Request a quote
Reviewed in May 2024
Iâ ve used B & R for all of my remodeling needs. They are always responsive to my questions and provide a good service at a fair price.
B & R ELECTRIC
Request a quote
Reviewed in December 2017
We’re finishing our basement and needed to move existing plumbing. Freedom Plumbing was who we called based on their reviews. We are glad we called them. They helped us remove 45 year old, clogged and cracked cast iron pipe. They also set us up for a much better layout by moving our washer and...
Freedom Plumbing, Corp.
Request a quote
Reviewed in December 2014
Excellent. Affordable. Professional. Efficient. Worked with my schedule to make sure I was not inconvenienced. Even when I was late, he made it work. We needed baseboards replaced in basement after water damage. They looked better than when originally installed. Will use him again and...
A Atlantic Services
Request a quote
Reviewed in June 2008
I was so happy when I saw what they were able to do with my kitchen. They did a wonderful job, even doing such a nice job that my kitchen was featured in Mid-South Magazine. The man in charge kept telling me "if it's not right, you tell me and we'll fix it" and they did. They were very creative...
CREATIVE KITCHENS & BATH
Request a quote

Get matched with top basement remodelers in Monticello, MS

Enter your ZIP and get matched with up to 5 pros

Need a pro for your basement remodel project in Monticello, MS?

Basement Remodeling

Handyman for Multiple Small Project Service

Bathroom Remodeling

Verified Reviews for Basement Remodel pros in Monticello, MS

Find Basement remodelers in Monticello

Southern Roofing and Renovations

Southern Roofing and Renovations

Shawn Carter Design Service, LLC

Shawn Carter Design Service, LLC

Riden remodeling

Riden remodeling

Castillo Construction Co.

Castillo Construction Co.

Quality Window and Door

Quality Window and Door

Aures construction

Aures construction

Lincks construction LLC

Lincks construction LLC

Triton Construction Company

Triton Construction Company

Snow's Remodeling

Snow's Remodeling

Southern Sewer And Drain

Southern Sewer And Drain

The Monticello, MS homeowners’ guide to basement remodels

How Much Does It Cost to Finish a Basement Laundry Room? [2025 Data]

How Much Does a Wine Cellar Cost?

How Much Does It Cost to Build a Bar in a Basement? [2025 Data]

Does Adding a Bedroom in the Basement Add Value?

When Is the Best Time of Year to Finish a Basement?

How to Ventilate a Basement: 5 Potential Methods

Find Basement remodel Pros in other cities near youNot finding what you are looking for in Monticello? Check surrounding areas for Basement remodelers.

Which Basement remodel task are you tackling?Find Monticello Basement remodels on Angi who specialize in any of these tasks