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Avatar for MODERN BUILDING & CONTRACTING
MODERN BUILDING & CONTRACTING
5.0(
2
)
Basement - Remodel

Serving Spencer, NY and surrounding areas

Approved

In business since 2025

Free estimates

Credit card accepted

"Mike and his team did an amazing job tearing down a couple barns on my property. They handled everything. Cleaned up great. My husband and I are beyond satisfied. 10 out of 10 highly recommend!"
10 neighbors recently requested a quote
Ward's Construction, Inc.
5.0(
1
)
Basement - Remodel

Serving Spencer, NY and surrounding areas

Approved

In business since 2000

Free estimates

Credit card accepted

We take great pride in our experience, expertise, quality, and customer service that we provide to meet the consumer's needs. It is our mission to provide excellent workmanship and complete customer satisfaction from start to completion of a project. In order to understand the needs and expectations of our customers, we take great care to work and communicate with every customer in a professional manner. Our reputation is based on service, safety, and quality, regardless of how large or small the job.

Recommended by100%of homeowners
Kiefer-Randall Construction & Remodeling, LLC
4.9(
17
)
Basement - Remodel

Serving Spencer, NY and surrounding areas

In business since 2009

Free estimates

Warranties offered

"We were very pleased with the work done by them. Our bathroom remodel went smoothly and was completed in a timely maner. Everything that was promised was complete, and the staff was very pleasant to work with. We would highly recommend them and willl definitely use them for any upcoming projects."
Kitchen
Kitchen
Kitchen
Kitchen
Kitchen

+6

Recommended by93%of homeowners
Avatar for J&B Home Improvements
J&B Home Improvements
5.0(
9
)
Basement - Remodel

Serving Spencer, NY and surrounding areas

In business since 2023

Free estimates

Small jobs welcome

"I highly recommend this company. They remodeled my kitchen/dining room and it turned out amazing! Beautiful work and in a timely manner. I couldn't be happier with everything and grateful for how professional and courteous they are!"
Before and after pictures
Before and after pictures
Before and after pictures
Before and after pictures
Before and after pictures

+38

Response time30 mins
Response rate100%
Recommended by100%of homeowners
Avatar for PARLOR CITY DRYWALL & PAINTING, Inc.
PARLOR CITY DRYWALL & PAINTING, Inc.
3.8(
13
)
Basement - Remodel

Serving Spencer, NY and surrounding areas

In business since 1984

Free estimates

"We hired Marc and Parlor City Construction to enlarge our living room, by installing a LVL beam in the ceiling, replacing/rerouting electric outlet, reworking our floor to match and drywall and plaster our entire living room ceiling. The job was completed very professionally, on time service and at a reasonable cost. Each and every employee of Parlor City Construction was professional, congenial and trustworthy. We will in the future be hiring Parlor City Construction for further remodeling of our home."
Additional Photos
Additional Photos
Additional Photos
Additional Photos
Additional Photos

+14

Recommended by75%of homeowners
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Showing 1-10 of 58
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.

If you’re not sure which method of raising the ceiling is best for you, here are a couple of considerations to help you make that decision. A professional ceiling company will be able to help you determine the best option for your home.

  • How long you are planning to live there: although raising the basement ceiling will increase the value of your home, if you’re planning to sell the house, then go for raising the house.

  • The condition of the foundation: to lower the floors, your foundation has to be intact whereas raising the house will allow you to restore the damaged foundation.

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.

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.

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 Spencer, NY homeowners’ guide to basement remodels

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