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Avatar for OB Home Remodeling
OB Home Remodeling
5.0(
2
)
Basement - Remodel

Serving Memphis, TN and surrounding areas

Approved

In business since 2020

Free estimates

Warranties offered

"Oscar is an excellent electrician and wonderful contractor for remodeling your home. He did work in my bathroom and we couldn’t be more pleased with his work. Would recommend him for any work you need done in your home or office."
Midtown home addition
Midtown home addition
Midtown home addition
Midtown bathroom
8 neighbors recently requested a quote
Avatar for Homemade Design
Homemade Design
3.7(
322
)
Basement - Remodel

Serving Memphis, TN 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
Avatar for Elite Home Solutions
Elite Home Solutions
4.3(
7
)
Basement - Remodel

Serving Memphis, TN and surrounding areas

In business since 2014

Free estimates

Emergency services offered

"The workers showed up 15 minutes earlier than expected, they were courteous and worked quickly, they kept area clean and safe, amd kept us informed as the remodel progressed. When issues arose, they would involve us in finding a solution, they finished the remodel on-time and on budget. Very satisfied with the work, and having a FIVE YEAR guarantee on materials and labor is amazing, will recommend to all my neighbors, family and friends. Thanks Elite..."
Recommended by100%of homeowners
Avatar for C.A design services LLC
C.A design services LLC
5.0(
2
)
Basement - Remodel

Serving Memphis, TN and surrounding areas

In business since 2021

Credit card accepted

"We hired Cory to do measurements & create an architectural design plan for our relatively involved home remodel (kitchen, dining room, half bath, and laundry room). Cory was fantastic! He was very flexible and was able to work around our schedules. He was friendly, personable, and very professional. He wasn't bothered at all when my 4-year-old son wanted to talk to him about dinosaurs while taking his measurements. Cory was responsive to feedback & quickly made adjustments to his initial design to meet our needs. I really appreciated his keen eye - with his tips it's far better than we had initially hoped! His fee was very reasonable, better than most other architects we spoke with. I would absolutely hire him again & recommend him to friends!"
Recommended by100%of homeowners
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Basement Remodel questions, answered by experts

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.

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.

Lifting a house and adding a basement is one way to add usable square footage. Lifting or jacking a house is a complex process, and it can be expensive, not to mention that you won’t be able to live in your house while it’s lifted, due to safety concerns. Lifting a house should only be done by experienced professionals.

In addition to overseeing new home builds, construction managers work on large renovations and major remodels. For example, they may work with designers and oversee the construction of a finished basement, kitchen renovation, or a home addition. They may also oversee large-scale remodels, such as the update of a historic home. Construction managers step into small projects for more specific assistance, such as building budgets and compiling the team.

The average cost of remodeling a basement is $30 to $75 per square foot. If your space is unfinished and looks like it may need more help, use the higher number when calculating your estimated basement remodeling costs. A good rule of thumb is to add an additional 20% to the top of your estimate to cover any “what if” situations.

The Memphis, TN homeowners’ guide to basement remodels

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