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

Serving Lemmon, SD 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
Faughn Construction
2.3(
8
)
Basement - Remodel

Serving Lemmon, SD and surrounding areas

In business since 2007

Free estimates

Emergency services offered

Faughn Construction, we pride our company on reliability, great communication, integrity, and quality work. We strongly believe in giving our absolute best in all the work we perform. We are experts and will always keep you educated about the work process. We look forward to earning your business.

framing
framing
framing
starting off
Evenly Staining

+12

Response time2 days
Response rate86%
Recommended by60%of homeowners
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.

The average cost to remodel a basement is between $12,100 and $33,400. Depending on the project's complexity, the price can be as low as $3,500 or exceed $50,200. For a simple project like adding a home office, you might spend between $500 and $3,000. However, a more extensive project, such as adding a bathroom, can range from $6,600 to $16,500. The final cost is influenced by factors like the basement's size and condition, the type of remodel, material choices, your location, and accessibility. For an accurate price, it's best to consult with a basement remodeling team.

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.

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.

Making a window in a basement larger costs an average of $4,200. You’ll need to pay an average of $550 to have a structural engineer plan the project, $500 to $1,500 for the installation labor, and an average of $2,200 for the excavation and window well installation. The remainder will go toward pulling permits, installing trim, and repairing drywall on the interior.

The Lemmon, SD homeowners’ guide to basement remodels

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