Finishing a basement ceiling can be a challenge as more than likely, you will need to work around duct, plumbing and electrical work, all while trying to maintain a comfortable room height. A qualified contractor may be able to reroute some of this hardware, but you will more likely lose some headroom to accommodate these fixtures in your finished basement.
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.
Accounting for variables such as square footage, materials, electrical and plumbing, the average basement remodel ranges from $11,034 and $29,226. Some cost as little as $5,000, with top of the line remodels costing over $40,000. The average cost to homeowners is $20,126. Expect to spend between $10 and $35 per square foot depending on the changes made. 
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