Renovating a basement is one project that gives value on both a personal lifestyle level as well as increasing the value of your home at the time of resale. It is a complex undertaking that is best left to the professionals. While a DIY effort might seem more cost effective, in the long run you risk not understanding the specifics of dealing with an underground and foundation area, the equipment necessary, and warranties.
Permits
Knowing when and what permits to get is crucial to a basement renovation. The project might require more than one. These permits are not just municipal red tape. It is for the safety of you and your family, as well as the workers. To undertake a renovation without the proper paperwork in place could mean serious consequences of fines, delays and other expenses. Using a qualified contractor can remove this worry from your agenda.
Experience
Knowing what needs to be done and how to do it comes with experience. It is not something you can learn in a 15 minute video. Basements are particularly tricky. You need to be sure you have all of the structure and supports in the correct places and how to handle the materials. It is also good to know what products work better in a lower environment than others. All of the appropriate codes and regulations must be followed to the letter.
Economy
You may not really save any money by attempting a basement renovation on your own. Unless you are willing to devote the days or weeks it takes to complete the project correctly, it is more cost effective to hire a professional who will work efficiently. This will allow you to start recouping the expense sooner as well as enjoying the remodelled space.