Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
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My wife and I have looked into finishing our basement. We don't have the skills to do a good job of it ourselves, so we would need to hire a contractor. We found out that it would cost us about $40,000 to hire a contractor to do that project. That's not an insurmountable amount of money, but it's not easy to come by either. So our basement remains untouched.
Basements are stupidly expensive to retrofit, and there are loads of hidden variables that can make the job even harder. Guys tend to quote 40-60k sight unseen.
For example, when you work on someone's basement you have no idea of the drainage situation, and that makes everything else precarious.
One of my friends has a finished basement that flooded twice. Not fun, not easy to fix, very frustrating for both the contractor and home owner who each can't tell if the other is retarded or trying to scam them.
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