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Avatar for Mesa Verde Construction LLC
Mesa Verde Construction LLC
5.0(
4
)
Basement - Remodel

Serving Penasco, NM and surrounding areas

Approved

In business since 2025

Free estimates

Credit card accepted

"Amazing renovation of a Live/ Work Artist building. Thoughtful design. Creative touches. Excellent communication and professionalism. Great work crew. Very tidy and super respectful. Highly recommend!!"
Kitchen
Kitchen
Kitchen
Livingroom refresh
1 neighbors recently requested a quote
Avatar for Desert Takes LLC
Desert Takes LLC
New to Angi
Basement - Remodel

Serving Penasco, NM and surrounding areas

Approved

Free estimates

Emergency services offered

Warranties offered

“I’m Denzel, your trusted contractor in Albuquerque, New Mexico. Specializing in remodels, new construction, and full general contracting—whether it’s updating a high-desert kitchen, framing, additions, or tackling any build from permits to punch list. Reliable, local, no shortcuts—let’s get your project done right.”

Custom residential build
Custom residential build
Custom residential build
Custom residential build
Custom residential build

+16

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

Serving Penasco, 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
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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.

Anything having to do with the structure of your home, such as raising the ceiling, is usually the most expensive part of finishing a basement. Another project component that could be a surprisingly high expense is adding an exterior entrance. 

The cost of a walkout basement can be anywhere from $5,000 to $35,000.

It is common for a contractor to ask for a down payment before starting a project, especially for jobs that require purchasing materials and equipment or hiring a crew. The deposit amount can range from 10% to 50% of the total job cost. While a request for up to 50% is not unusual, a contractor should not ask for more than that, and you should never pay for a project in full before the work has begun. To protect yourself, always discuss payment terms before starting and have a written contract that outlines the project timeline and expectations. Additionally, be sure to hire reputable contractors and check their licensing and insurance before the project begins.

A finished basement does not always count as square footage, as this varies by state regulations. In areas that allow below-grade spaces to be included in a home's official square footage, the basement must typically meet certain conditions. These conditions often include having a functional egress and being a livable space with flooring, finished walls, and temperature control. To be certain, contact your local assessor to confirm your area's specific policies regarding basement square footage.

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 Penasco, NM homeowners’ guide to basement remodels

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