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Avatar for Good Homes
Good Homes
4.8(
5
)
Basement - Remodel

Serving Providence, NC and surrounding areas

In business since 2010

Free estimates

Emergency services offered

"Have never been more pleased at the execution of a skilled trademan. Chad's extensive knowledge and labor of remodeling has always been top shelf! As a 32 year Facilities Manager, I've used him on many commercial and residential projects and have never recieved less than high praise for his work. His attention to detail set him apart from any contractor I've encountered. My projects with him includes Historic properties, commercial, and residential. His honesty with pricing has assisted me and others involved in successfully completing major projects within time allocated. Would hire him over and over."
Shed Interior
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+13

Recommended by100%of homeowners
Avatar for Homemade Design
Homemade Design
3.7(
322
)
Basement - Remodel

Serving Providence, NC 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
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Basement Remodel questions, answered by experts

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.

Costs are guided by renovation scope, materials chosen, project duration, structural needs, and labor. Prioritizing tasks prevents unforeseen expenses.

If you have the woodworking experience to build a bar from scratch and you have the time, DIYing the work is a no-brainer and can save a few thousand dollars. However, if you’re looking to include a sink, additional lighting fixtures, or high-end bar tops and cabinets, it’s usually a better idea to call in a pro. It will cost more, but the finished product will likely be worth it.

Yes, most general contractors require an initial down payment. A reasonable deposit is typically between 10% and 25% of the total project cost, although this can vary by project size and location. This upfront payment helps the contractor cover initial costs like materials, permits, licensing, and hiring subcontractors. The remaining balance is usually billed according to a schedule outlined in your contract, often tied to project milestones or completion dates. Be cautious of contractors who ask for a large deposit of 50% or more, as this could be a red flag for a scam.

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 Providence, NC homeowners’ guide to basement remodels

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