What are the pros and cons of finishing a basement?

• <div><p>When considering finishing your basement, take into account a few pros and cons:</p><p>Pros</p><ul><li><p>Can increase the value of your home</p></li><li><p>Separate space from the rest of the house </p></li><li><p>Customize and personalize the basement to suit your needs and style</p></li><li><p>Increase the amount of living space in your home</p></li></ul><p>Cons</p><ul><li><p>May not regain enough value to cover the cost of finishing</p></li><li><p>Lack of natural light if it’s below ground level</p></li><li><p>Moisture or flooding can cause costly damage</p></li><li><p>Installing plumbing and electrical can be messy and costly</p></li></ul><p></p></div>

Is it more affordable to gut a house than build a new home?

• <div><p>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. </p><p>Most homeowners pay between <b>$100,000 and $200,000</b> for demolition and remodeling costs, whereas the average <a href="https://www.angi.com/articles/how-much-does-it-cost-build-house.htm">cost to build a new home</a> is between <b>$139,000 and $531,300</b>. </p></div>

Can you jack up a house and add a basement?

• <div><p>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.</p></div>

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Q: Is it more affordable to gut a house than build a new home?

• <div><p>Whether it&rsquo;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&rsquo;s usually less expensive to renovate a home than to build new construction. </p><p>Most homeowners pay between <b>$100,000 and $200,000</b> for demolition and remodeling costs, whereas the average <a href="https://www.angi.com/articles/how-much-does-it-cost-build-house.htm">cost to build a new home</a> is between <b>$139,000 and $531,300</b>. </p></div>

Q: What is the cheapest way to renovate a basement?

• <div><p>There are several small, inexpensive upgrades you can make to upgrade your basement. Although you still need to adhere to building codes and obtain permits when necessary, you can complete small but mighty tasks like painting the masonry walls and installing entertainment devices to make the space more usable. </p></div>

Q: Does a bar in the basement add value?

• <div><p>Building a bar in the basement will likely add value to your home, although it&rsquo;s unlikely that you&rsquo;ll see a significant return on investment (ROI) unless you plan on using the space for you and your guests. If you think you&rsquo;ll use the area frequently, though, it&rsquo;s probably worth the investment, and you should see a bump in value if or when you sell your property.</p></div>

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Verified Reviews for Basement Remodel pros in Rice, TX

*The Angi rating for Basement Remodel companies in Rice, TX is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Basement Remodel needs.

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Last update on November 27, 2025

Reviewed in June 2025
They responded pretty quickly, came in and got to work . Removed wet areas and started the drying out process. Worked directly with my insurance which made it a lot easier. After everything was approved they rebuilt the damaged areas and even remodeled a little
A-1 Restoration Services
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Reviewed in February 2025
I used Juan to help remodel several houses completely. House that were a total redos. He does outstanding work
Juan Alvarez Handyman
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Reviewed in January 2025
Tony kept our budget in mind and worked with us to complete our shower remodeling project in our master bathroom.
Ratliff Painting & Repair
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Reviewed in July 2024
Dennis is an absolute pro! He remodeled my terribly boring fireplace and turned it into an absolute piece of art! I highly recommend him. Excellent communication, detailed work, honest, and just an all around great guy.
Citywide Custom Renovations, LLC
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Reviewed in March 2024
I have used Chad many times for many projects as have members of my family. He communicates very well and does a great job. With remodeling, unexpected problems ALWAYS arise and Chad is great being able to figure out what to do next and relaying the information. I have used him probably 7x for...
TOWNSEND REMODELING AND DECKS LLC
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Reviewed in October 2022
I was amazed at the care for the customer and attention to detail through the entire remodel process. The way H&H translated our dream into beautifully detailed design is what made them stand out from other design/build construction companies we looked into for our remodel. They walked us...
H&H Properties
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Reviewed in February 2021
i received excellent service, material and advice from signature floors. Dawne was so easy to work with. I remodeled my entire home and she helped me with every stage of the product. I will use her again.
SIGNATURE FLOORS & MORE INC
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Reviewed in February 2015
The first time they connected it wrongly and we had a flood in the basement. Everything went well other than connecting it to the wrong sump pump. I told them not to put that in, but they did it. They had to cut a floor in my garage to lay the pipe. It was complicated. After they replaced the...
Duane Blanton Plumbing, Sewer & Drainage Inc.
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Reviewed in December 2013
SEE JUAN & JOSE'S REMODELING
Juan & Jose;s Remodeling
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Desert Rose Construction

Desert Rose Construction

Karls Construction Services LLC

Karls Construction Services LLC

Bevel Builders

Bevel Builders

GK Construction

GK Construction

Choice Restoration and Construction

Choice Restoration and Construction

Perfect-Home Improvements

Perfect-Home Improvements

Rhodes Construction

Rhodes Construction

DSC Home Improvements

DSC Home Improvements

bearconstruction

bearconstruction

The Construction Solution

The Construction Solution

The Rice, TX homeowners’ guide to basement remodels

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