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Avatar for Homemade Design
Homemade Design
3.7(
322
)
Basement - Remodel

Serving Cotton City, NM 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
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.

Yes, most general contractors require an initial down payment, typically between 10% and 25% of the total project cost. This upfront payment helps cover the costs of materials, permits, and subcontractors. The remaining project costs are usually billed after specific project milestones are reached or on set completion dates, as outlined in your contract. Be wary of contractors who require a significant deposit of 50% or more upfront, as this could be a red flag for a scam.

Basements are commonly converted into game rooms. The potential challenges you may run into include controlling moisture, working with low ceilings, limited natural light, and the need for additional electrical or HVAC work. Addressing these issues can add to the total cost, but it ensures a comfortable and functional space.

The most challenging part of finishing a basement is addressing moisture control. Basement waterproofing is an essential task that requires a professional’s skills and knowledge. If you don’t properly waterproof your finished basement, it’ll be vulnerable to dampness, water damage, and mold growth. Ensuring proper insulation and ventilation to combat these issues while meeting building codes adds complexity to your remodeling project.

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.

The Cotton City, NM homeowners’ guide to basement remodels

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