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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!"
9 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
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Basement Remodel questions, answered by experts

It is generally more affordable to finish a basement than an attic, though it ultimately depends on how you plan to use the space. The average cost to finish a basement ranges from $7 to $23 per square foot, while attic renovation costs $30 to $60 per square foot. However, a simple attic conversion to a storage space will cost significantly less.

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.

Unless you have extensive experience in construction work, remodeling a basement is best left to a professional. There are several tasks associated with this project that require exact precision, including:

  • Replacing insulation 

  • Replacing carpet or other flooring 

  • Adding heating and cooling

  • Adjusting or adding walls and doors

  • Altering or adding plumbing elements

If any of these elements is done incorrectly, it could severely impact the quality of your basement remodel and be dangerous. Changing a basement often comes with code safety requirements, like egress windows and proper ventilation. Therefore, leaving it up to a professional is often the best decision.

Egress windows or doors are required in finished basements to meet safety and building codes. If your basement is unfinished and used as a storage space, egress windows are not required, but anything considered a habitable space must have an additional point of egress in addition to the stairs.

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.

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.