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Top 10 Finished Basement Ideas on a Budget

Last Updated: August 9, 2023

Top 10 Finished Basement Ideas on a Budget

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Whether you’ve just purchased a new home or you’ve been sitting on a cluttered basement, we’ve got some finished basement ideas that can help you finally utilize the space.

If you’ve just purchased a home, congratulations! The excellent thing about owning your own home as opposed to renting is that you can do whatever you want with the space. You have the creative license to turn your living spaces into whatever you want them to be. You’re only limited by your budget and your imagination.

Why Are Basement Projects Worthwhile?

We know how useful extra storage can be, but we also know how much of a relief it can be to see a space transformed into something practical. We also know that remodeling or cleaning out your basement can be a big commitment.

The average nationwide cost of remodeling basements is around $22,000, depending on the quality of materials you use, the type of remodeling, the professional help you use, and the cost of your dumpster rental. However, even with the cost of a renovation, a basement remodel will help you in the future.

Adds Value to Your Home

If you ever need to sell your dream home, a finished basement will give you a return of about 70% nationally. While that means you’ll be eating some of the cost of the home renovation, you’ll be able to make it whatever you want.

Read on to get some ideas on what to do with your space!

Top 10 Finished Basement Ideas on a Budget

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1. New Living Space

Do you have too many books and bookshelves that don’t fit in your living room? Or maybe it’s time to do something with your old saggy couch that you still love and can’t throw away.

If you clear out your basement and turn it into another living space, you’ll be able to have twice the fun without ever having to leave your home.

You can add a couch, an old tv, and maybe even a fireplace. You can display all the gaudy home furnishings gifted to you by your in-laws and enemies. You’ll be able to rest and recharge at home while your other spaces are in use.

If you’ve got a lot of junk in your basement that you need to clear out, you can rent a dumpster to toss the waste. You can also build storage options in case you don’t want to toss anything. It’s up to you!

2. Home Theatres

If you and your family love bonding over the latest episodes of Bob’s Burgers or Stranger Things, why not make it feel like an event? A home theatre will turn any old tv night into a fun family activity.

You can get that giant sectional that’s on sale and pair it with that home popcorn maker you got as a Christmas present three years ago.

With technology and streaming services these days, you can watch anything from The Office to the latest blockbuster hit, Everything Everywhere All At Once.

3. Game Room

If you’ve been known to host game nights, game days, and more, why not make a space that helps you do all of that?

With all the same perks of having another living space, you’ll be able to host gatherings without worrying about bothering your neighbors or waking the kids. You can scream for the Orioles as loudly as you want, accuse your friends of lying in a game of Coup, or pump up your jams.

If you’re an cocktail aficionado, you can set up a permanent bar. Or if you’re more of the wine-type, you can build a floor to ceiling wine cellar that would make Robert M. Parker Jr. look twice.

4. Home Gym

Going to the gym takes a lot of effort. You have to get dressed, prep toiletries, mix your your pre-and post-workout, drive there, lock away your belongings, and find the perfect playlist.

Having a home gym is perfect for getting your workout in without having to deal with the most annoying thing about gyms: the other members.

You never have to wait in line to use the hip adductors ever again. You’ll always be able to find the dumbbell you need, and best of all, you never have to remind other people to wipe down the equipment after they use it.

5. Home Office

Are you working from home, or hardly working? One of the most popular finished basement ideas is to create a home office. You’ll have a nook in your house where you can focus and surround yourself with productivity.

If you’re a small business owner who makes DIY embroidery kits or custom sweatshirts, you’ll be able to set up your entire operation from the comfort of your home. You can build your makers lab with all your necessary equipment, set up a storage space for your inventory, and create a beautiful corner of the room to take promotional pictures and make content.

Having an open and operational workspace can only make your business better.

6. Music Studio

The possibilities with this finished basement idea is endless. You can set up a space for recording, mixing, and mastering your work. You don’t have to pay hundreds and thousands of dollars to go to a professional studio to get your recording done. If you want to release music frequently, a home studio will help you get one step closer to that dream without having to deal with a middle man.

You can store all of your instruments, speakers, cables, microphones, and more in an orderly manner. No more digging through storage bins to find the quarter-inch cable you’re looking for. You can display it all at home so that when your band comes over to practice, you can spend less time on tech and more time on the music.

7. Art Studio

Please tell me you’ve been trying to find a place to put your pottery wheel. Let your finished basement become your new art studio! Host paint and sip nights with your friends, store all your crafting supplies, and fire up your kiln.

You can proudly display your works and make your basement even more unique and beautiful.

8. Kids Play Room

You can build the playhouse fun room you always dreamed of as a kid. Install a small rock climbing wall, store games and toys, and build a stage for your kids and their friends to be the rockstars and movie stars of their imagination.

9. Private Quarters

Your college roommate is coming to town and you offer to let them stay with you. They’ll take one look at the private basement and say “wow, I’m so impressed”. All your friends and all their friends will wish they had the space and contracting skills that you have.

Keep your friends and family close while they’re in town. It’s more fun that way.

10. Rentable Space

If you’re already turning your basement into bedrooms and guest spaces, you could also recoup some of the cost of renovations by turning it into an Airbnb or a couchsurf. Though running a bnb might not be in your personal bandwidth, hosting travelers is a great way to get to know people from all over the world.

If you’re planning on hosting as an official business, be sure to check with federal and local regulations on Airbnb requirements, such as the number of bedroom windows you need in the space.

Need a Dumpster for Your Basement Project?

These are only a few ideas you can use to get started on your remodel. In reality, you can do any of the above (or a combination of all of them, if you’re feeling adventurous).

At Discount Dumpster, we try to make home renovations as accessible and affordable as possible. We provide residential dumpster rentals to help you get rid of junk and get started on your dream DIY projects. We handle all the transportation and dumping so all you have to worry about is what to toss.

Call us today to get a free, customized quote for your basement finishing project!

Call to Reserve Your Dumpster Rental Today! - (888) 316-7010

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