Bedrooms – A common strategy is to set up a couple of extra bedrooms in the basement for guests. This is especially beneficial for families that love to entertain on a regular basis. You can easily have guests stay over without disrupting the family space above. Basement bedrooms can also come in handy if you have older kids that cannot share bedrooms any more. Plus, you could also add a small kitchenette and bathroom for convenience.
Hardwood, laminate and tile flooring significantly increase the cost to finish a basement. Sebring, who calls carpet “the king of basement flooring,” says many people are scared about the consequences if a carpeted basement floods. But even top-of-the-line vinyl and tile has to be pulled up if there’s serious water damage, he says, and you can replace carpet multiple times for the same cost of installing hard flooring once.
Basements can be daunting spaces for remodeling. Cluttered, dark, and chilly, basements often convince homeowners to turn their attention to other projects in the home. But basements don't have to stay that way. They can be remodeled and finished so that they not only integrate with the rest of the home, but become a beautiful and valuable asset to the property.

Running out of space in your home? Look down under. These homeowners found fresh square footage in their home by remodeling their basement into a budget-friendly, space-savvy hangout. An orange, green, and blue color scheme adds a bright look to the basement, while the combination of custom storage solutions with big-box finds creates a space that serves many needs.
Bedrooms – A common strategy is to set up a couple of extra bedrooms in the basement for guests. This is especially beneficial for families that love to entertain on a regular basis. You can easily have guests stay over without disrupting the family space above. Basement bedrooms can also come in handy if you have older kids that cannot share bedrooms any more. Plus, you could also add a small kitchenette and bathroom for convenience.
"It's always easy to save money if you are willing to put in some sweat equity. Tackling the mold and termite damage was so disheartening and disgusting, but we survived, and the room is now safe, livable, and functional for our family. It's a great family recreation room. We keep our toys and games down here, and there is plenty of storage, so everything has a place. Despite not having a ton of natural light, this place still feels cozy and inviting to us."

Your foundation should be inspected prior to finishing your basement. You don’t want to cover up any structural damage that would be identified in an inspection by installing framing and drywall. If items such as pipes have rust, the problem may be humidity instead of a leak, but it can be just as damaging. Waterproofing the basement and using a dehumidifier helps reduce dampness and the risk of mold development.
When putting a wall over a recently constructed frame, sheetrock is the industry standard for a durable option, that can be painted easily. It can help insulate the room due to its density and generally lasts a long time when maintained. If you’re trying to significantly drive down costs, using paneling for the walls is an effective option. It’s very light, inexpensive and pre-finished in a variety of different sizes and types. Labor costs may also decrease because paneling is easier to transport and work with.
Since this basement is not entirely underground - it includes a walk-out entrance on one side -- new egress windows bring natural light into the basement. A simple Roman shade in fun fabric softens the space and brings all the colors of the room together. Egress windows provide an emergency exit; most building codes require one in every bedroom and in habitable basements. Adding one will likely increase the value of a home, as it provides safety, natural light, and increased airflow.
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