For an 800- to 1,000-square-foot basement, Elkin Jaramillo, owner of Chester County Basements in Downingtown, Pennsylvania, estimates homeowners can save $10,000 on a typical $25,000 to $35,000 remodel if they finish the walls, install doors and trim and paint. That’s after contracting out the framing, fireblocking, and plumbing, among other aspects of the project.
Basements are ideal for casual social activities for the whole family, or just for the kids. It's the perfect spot for the big screen TV, pool table, and to stash board games and craft supplies. Make this space inviting by finishing and decorating it like any upstairs room. Choose comfortable furnishings that can be easily rearranged to accommodate a few people or a crowd. Incorporate sound systems, internet connections, and good lighting to make the basement design functional.
Finishing a basement can cost between $25–$50 per square foot on average, depending on how the basement is finished, whether any challenges come up or whether there are special circumstances with the project. For this reason, a 1,000-square-foot basement can cost up to $50,000 or more to finish. Virgil Miranda of Virgil Miranda’s Construction, a general contracting company based in New Bedford, Massachusetts, says it can be tricky to estimate remodeling jobs based on square footage alone, due to the variance in each job. Larger basements may have a lower cost per square foot than tiny remodel jobs.
1. Evaluate the space. Be sure to consider potential obstacles to your basement remodel like low ceilings, excessive moisture or ventilation concerns. Determine if your basement needs to be professionally waterproofed before spending tens of thousands of dollars to renovate it as neglecting  to address moisture issues will simply result in expensive damage repairs.

Wall finishing systems are rapidly gaining in popularity. These systems feature fiberglass panels and pieces of trim that fit into PVC framing. Panels covered in fabric offer an attractive finished appearance to the basement without the work of drywall taping and painting. Advantages include durability, moisture- and fire-resistance and the ability to remove panels for access to water pipes and electrical wiring.

This contemporary basement design has several entertainment areas such as pool game area, granite home bar and more than a few seating areas are perfect for accommodating different interests and activities giving this game room personal charm and style. Modern drop lights combined with recessed lighting provides ample illumination to the whole area.
But the brilliant trick she employed to disguise the too-low ceiling was to paint the walls and ceiling the same color (Farrow & Ball, Elephant's Breath). Painting the ceiling white and the walls a different color would have created a horizontal line. The eye would use this line to establish the height of the ceiling. Instead, walls and ceiling blur together, making the ceiling look higher than it really is.
Your basement will likely need to be fitted with additional wires to support more lights and electronics. You will need to hire a licensed electrician if you plan to install additional overhead light fixtures, outlets and other components that require additional wiring. The cost of electrical installations depends on the exact project, but licensed electricians tend to charge between $50 and $100 per hour.
The basement can be the perfect place for hobby and craft rooms. Here, a family's love for scrapbooking, model shipbuilding, and togetherness came together in one space. An extra-long counter allows enough space for two people to work. Cabinets constructed using stock drawers provide plenty of storage. Wicker baskets filled with supplies fit right inside a set of open shelves.
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