Have you ever thought about moving to a bigger house, but the thought of packing up all of your belongings and moving is just too daunting? Consider adding another level of living space to the home you currently own by finishing your basement!

Finished basements make for great places for kids to play or perhaps you are looking to upgrade your mancave. Either way, you will be increasing the value of your home. A basement that is finished can also provide a more private space for guests to spend the night, or the movie room you have always wanted.

Regardless of how you will purpose the additional square footage of living space, you will need a basement contractor for your finishing project.

Here are some tips for hiring the basement contractor that is right for you.

1: Know what you want

Have a good idea of what you want can help the contractors provide an accurate quote. Take your time figuring out your project so that you can better communicate your needs.

2: Set your budget

The cost of finishing your basement can vary greatly, from approximately $10,000 to over $50,000, depending on the size and condition of your basement. Though this may seem expensive at first, consider the alternative of buying a larger house.

3: Get references and the proper paperwork

Ask your friends and family for references. Don't be in a hurry! Finding the right contractor that does quality work and can meet your budget may take time. Make sure to always ask for documentation on insurance and the proper licenses.