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FAQs for basement remodeling projects in Harvard, IL

While the terms remodeling, renovating, and finishing are often used interchangeably, there are some differences. Remodeling your basement transforms the space by changing its layout, adding new features, or altering its function. Renovating restores the existing space to like-new condition without major structural changes. Finishing converts an unfinished basement into a livable area with walls, ceilings, and flooring.

A full basement remodel typically takes two to six weeks, depending on the project's complexity and any unforeseen challenges. Factors like design changes, permitting, and material availability can affect the timeline, as well as the availability of the contractors you’re working with. Remember that the bigger the project, the longer it will take to complete.

Remodeling your basement is not just about gaining extra space—it's a savvy investment. You can expect around a 70% return on investment (ROI), comparable to other major home improvements like kitchen or bathroom remodels. Adding functional living space boosts your home's value and appeals to potential buyers. Plus, converting your basement into a rental apartment could provide additional income, increasing your return even more.

The Harvard, IL homeowners’ guide to basement remodelings

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

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