Before you start any basement remodeling project, run some financial numbers to determine whether your project is a smart investment.

The numbers include the estimated costs, home value assessment, financing costs, and other related calculations.

Review cost-related issues to basement remodeling vs. buying a new home.

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	link to notes: analyze the numbers
	estimate the cost of your project
	get your home value

Your 2nd step in basement remodeling is deciding what you would like to do and collecting ideas.

This includes reviewing -

• basement remodeling pics,
• basement remodeling ideas,
• architectural plans,
• floor layouts,
• home gallery,
• basement company information,
• basement shopping and more.

Step 3 is sketching your ideas on paper (or digitally) and developing the spec plan.

The spec plan determines what type of materials and design considerations that will be needed. It will also contain the product specifications for each remodeling element such as bath appliances, flooring, cabinetry, other.

You will use the spec plan and architectural design to bid the project out to a contractor.

Step 4 is finding and negotiating the contract with a basement remodeling contractor.

Give your remodeling ideas and specs to a contractor for review and bid analysis.

Use the local network (aligned with HomeAdvisor) to find the right contractor for your project.

Review guides for contractor selection and negotiation.

Step 5 is arranging financing once you select the contractor and finalize the contract for your project.

Using the equity value in your home is one of the best financing option for basement remodeling. Start with a home equity line of credit or a bank equity program.

Other options may include cash-out refinancing, personal savings, and/or financing from home improvement contractors.

Step 6 is where the project begins.

It starts with setting up the work area, removing everything that needs to be replaced, installing plumbing and electrical if needed, putting in the final touches, etc.

It also means working with the contractor, managing the project, and getting the remodeling project inspected before releasing any funds.

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	working with the contractor
	managing the home remodeling project

	about a home project inspections
	find home inspector