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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

Living in a finished basement is acceptable, but only if the space has the proper points of egress and includes smoke and carbon monoxide (CO) detectors to ensure the safety of the occupants. A good way to ensure your finished basement is suitable for use as living space is to get the basement finishing project properly permitted.

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.

When considering finishing your basement, take into account a few pros and cons:

Pros

  • Can increase the value of your home

  • Separate space from the rest of the house 

  • Customize and personalize the basement to suit your needs and style

  • Increase the amount of living space in your home

Cons

  • May not regain enough value to cover the cost of finishing

  • Lack of natural light if it’s below ground level

  • Moisture or flooding can cause costly damage

  • Installing plumbing and electrical can be messy and costly

Adding a bathroom to your basement can increase your home value since homes with multiple bathrooms sell for more. The return on investment (ROI) for a basement bathroom is 50% to 75%. The actual return varies with your home and location. Adding a half bath to your home increases the value by 2.9% while finishing a basement increases the home value by 6.6%.

A finished basement does not always count as square footage, as this varies by state regulations. In areas that allow below-grade spaces to be included in a home's official square footage, the basement must typically meet certain conditions. These conditions often include having a functional egress and being a livable space with flooring, finished walls, and temperature control. To be certain, contact your local assessor to confirm your area's specific policies regarding basement square footage.

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.