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Basement renovation is an excellent investment that can provide a high return on investment while also making good use of your basement space. The success of your basement renovation project is heavily dependent on who you hire to do the work. You must protect your investment by making decisions that will result in a positive outcome. With the growing popularity of basement renovations, numerous renovation companies claim to be the best in the business. You must conduct your research to ensure that whoever you hire is reputable.

How do you know which one is right for you?

Basement renovations necessitate the use of skilled contractors who are familiar with plumbing and electrical systems. Someone who doesn’t know what they’re doing can easily damage these. Knowing what questions to ask and what to look for can assist you in weeding out bad contractors.

Know what you want to do with your basement 

Many basement contractors can turn your basement into any type of space. Then some specialize in specific basement projects and offer additional benefits for hiring them. A contractor who specializes in converting basements into home gyms, for example, may be able to provide you with a discount on home gym equipment due to their affiliation with certain manufacturers. This may be advantageous to you, depending on how you intend to use your basement space. This is why it is critical to plan what you want from your basement and consider your costs beyond construction.

Avoid new companies and businesses.

New businesses typically provide services at a lower cost. This is because they attempt to establish themselves and compete with more established basement contractors by offering lower rates. Contractors who do not have positive reviews are also known for providing lower-priced services. New contractors are typically eager to get your business and are often willing to go above and beyond to ensure that they exceed your expectations. Unfortunately, your lack of experience can cost you dearly. If a new company is on your list of potential contractors for your project, there are some things you can do to ensure they are qualified.

Inquire about license and other related permits

Credentials are important in determining whether or not you can trust a particular contractor. How can you trust them to do a good job on your project if they do not have the necessary license? A license indicates that the contractor has the necessary qualifications and is recognized by the province to perform renovation work. Just because a company is in operation does not imply that they are licensed. Make sure to request that the company show you their license. Do not hire them if they cannot show you any documentation about their license or permits.

Ask for recommendations from people.

Word of mouth remains the most effective form of advertising. Ask a friend or family member who has had basement work done for recommending a contractor to you. Because basement renovations are so popular, you’re bound to find someone in your circle who has either had their basement renovated or knows someone who has. It’s a plus if they have positive things to say about the company. People will sometimes recommend a family member who claims to be a basement renovator. Proceed with caution in this regard. If things do not go as planned, it may cause a schism between all parties involved.

Contact a few Basement finishing companies.

Taking the time to speak with basement finishing companies can provide you with a good sense of how they operate and whether they are a good fit for your project. Inquire about their services, availability, and experience, and learn about some of their top priorities. Find out how many projects they have completed and if they specialize in any particular area. Find out if they use subcontractors and, if so, how long they have worked with them. You should also ask how many contractors they have and if they can provide any references for you to call. Feel free to ask them any questions you have about their company to make an informed decision.

Check out the company’s portfolio.

Many businesses include their most successful projects in their portfolio. As a general rule, a good portfolio should include at least ten projects and photographs that depict the projects at various stages — before, during, and after completion. Examine the workmanship and results carefully. If their portfolio isn’t impressive, cross them off your list. If the best they have to show you is subpar work, you can probably expect less than their best when it comes to your project.