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Basement Remodel questions, answered by experts

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

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.

Walkout basements are not generally included in a home’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.

Yes, you can add a door to your basement—it might even be required, depending on building codes in your area and whether or not you’re using the basement as a bedroom. A basement contractor can give you some advice on installation and help you add a door to your basement.

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 Penasco, NM homeowners’ guide to basement remodels

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

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