The potential ROI you can reap from a finished home basement more than justifies its improvement costs. Before purchasing materials or choosing decorations for the space, you must determine whether a full professional basement remodel or a simple refinishing service is best for your needs. The two have some critical differences, which we'll explore in this article.

Whether you need help designing your basement or realizing your design, contact Phoenix Home Services. We work with homeowners throughout Loudoun County, VA, on kitchens, bathrooms, basements, and more. With 30-plus years of experience, our team boasts a Class A General Contractors license and an A+ Better Business Bureau rating. To learn more about our options or receive a free project estimate, call (703) 543-6929.

Below, we compare basement remodeling and finishing, then detail how to determine what’s right for you:

Distinguishing Basement Remodeling from Finishing

Although “remodeling” and “refinishing” are sometimes used interchangeably, the two terms refer to disparate processes. A remodeling alters a space’s layout, structure, or function, while a refinish improves or finalizes pre-existing elements. As you can guess, a remodel comes with greater costs and interruptions to routines than a refinish.

Nevertheless, neither project type is of the DIY variety. Remodeling can involve adding or removing walls, altering a plumbing system, and installing HVAC ductwork, internet and entertainment system infrastructure, electrical upgrades, etc. On the other hand, refinishing may include hanging drywall, installing flooring, placing outlets, or adding light fixtures. Either way, achieving the best results calls for a basement finishing company.

Which Is the Better Option?

On one hand, basement remodeling isn’t always necessary; on the other, refinishing may not go far enough. Get a better understanding of which suits your needs by comparing their service details:

• Cost: Generally, a full basement remodeling starts at $40,000 (which includes basement finishing costs), while a refinish alone begins at around $15,000. These prices rise with project size and complexity, but you can expect to spend at least the corresponding amount.

• Project scope: In addition to the tasks outlined above, remodeling can include creating designs, framing, insulation, waterproofing, electrical, ceiling work, and more. Refinishing will not involve such fundamental shifts. Instead, contractors may only complete or repair systems and add finishing touches.

• Getting up to code: Since it generally involves wall layout and trade work changes, remodeling requires municipal permits and inspections. Refinishing might not, but as a rule of thumb, permits should always be pulled if there’s any question; and as the homeowner, you should always require the contractor to pull permits in their name and on their license.

• Timeline: A project’s scope ultimately determines its timeline. That said, basement remodeling often takes 8 or more weeks, while basement finishing lasts a few weeks to a month.

Deciding for Your Home

Finally, consider your circumstances and needs before committing to either service. This decision will require speaking to your home’s other residents (though you may also want outside opinions). Remember: what’s best for another homeowner may make little sense for you. 

For instance, do you intend to sell your home in five years or less? A recently refinished or remodeled basement could help you do so with significant ROI. Moreover, what kind of budget can you realistically put forward? Speaking with a designer at Phoenix Services is a great first step as we can provide a detailed breakdown of costs and help you stick to a price point.

Furthermore, take stock of your basement’s condition and expected purpose. Will its current layout work? Are the critical systems (electrical, plumbing, HVAC, etc.) in place and functional? Does the room need specialized equipment or features to fulfill its purpose? Major layout shifts, systems work, and new features will require remodeling. A simple facelift and interior redesign can be accomplished through refinishing.

Schedule Basement Remodeling Services in Loudoun County, VA!

Whether you need help picking a basement service or implementing it, call Phoenix Home Services. Our team offers comprehensive basement remodeling and refinishing options throughout Loudoun County, VA. Past clients rave about our outstanding customer service and project quality. Call (703) 543-6929 to learn more about our basement project process and to schedule a free consultation.