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Top-Rated Basement remodelers in Memphis - Updated Nov 2026

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
Avatar for OB Home Remodeling LLC
OB Home Remodeling LLC
4.9(
7
)
Basement - Remodel

Serving Memphis, TN and surrounding areas

In business since 2020

Warranties offered

Small jobs welcome

"Oscar is a Master Craftsman and a true professional. He has completed on time many projects in the several homes I own. He's a licensed electrician and licensed contractor. He has done a major renovation down to the studs in one home. He is perfectionistic in his work. He has wired and rewired several of my homes. He actually does/completes what he says he is going to do. First time every thing is correct, passes code, and looks fabulous. He also completes on budget first time. There is not a better electrician or contractor anywhere."
Midtown home addition
Midtown home addition
Midtown home addition
Midtown bathroom
Kitchen floor

+7

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Basement Remodel FAQs, answered by experts

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.

A walkout basement is considered to be partially below grade because at least one wall is entirely exposed. In some cases and in specific municipalities, inspectors and appraisers will still count walkout basements as below grade, which means the space can’t serve as living space or be rented out. If you intend on using the area as living space or a separate apartment, you should check with your local building department to make sure it’s legal to do so.

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.

You should plan on waiting at least a year and ideally two to three years after construction before finishing your basement. This will give the foundation time to settle in response to the weight of your home and the expansion of the surrounding soil. You can then repair your foundation and seal any cracks as needed before finishing it to reduce your risk of future leaks or other issues.

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 Memphis, TN homeowners’ guide to basement remodels

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