In New York, basement remodeling is as diverse as the homeowners, themselves. DuraBilt Exteriors, Inc. has seen basement remodels range from $6,000 for a basic makeover to $70,000 for a complete finishing. Regardless of the extent of your project, in our area, basement remodels are one of the smartest home improvement projects. With such a high density of people, there is a natural premium on space. Therefore, a remodeled basement in a ranch style house can nearly double the square footage of livable space. The average percentage of costs recouped in property value, is about 85 percent. This means if you spend $50,000 on a basement remodel, you can expect your property value to increase by about $42,500. Keep in mind, this is only an average, a large part of this figure is determined by the actual cost of the project and existing condition of your basement. Please understand, you do not want to skimp on a basement remodel. Simply being able to list your basement as finished will not do much good if a prospective buyer sees a dingy basement area. What is more, the highest priority for a successful remodel is personal enjoyment and satisfaction. Treating your basement like you would a kitchen, bathroom, or family room, will lead you to find your remodel worth it in the end.