"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!
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.
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.
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.
Basements with persistent moisture problems or flooding shouldn’t be finished until the moisture issues have been fixed. In addition, if your foundation is cracked, you have unmitigated radon levels, or you have asbestos or lead pipes, remediate the underlying problem before finishing your basement. Turning a basement into living space before fixing these issues can lead to serious health risks or structural damage.
Whether it’s more affordable to gut a house than build a new one depends on the markets where you'd be buying and selling. However, it’s usually less expensive to renovate a home than to build new construction.
Most homeowners pay between $100,000 and $200,000 for demolition and remodeling costs, whereas the average cost to build a new home is between $139,000 and $531,300.
The Lovelock, NV homeowners’ guide to basement remodels
From average costs to expert advice, get all the answers you need to get your job done.
Hiring a bad basement remodeler can wreak havoc on the look and longevity of your unfinished space. Here are red flags to look for as you vet basement contractors.
