Tips for Creating a Luxurious, Finished Basement

Tips for Creating a Luxurious, Finished Basement

By Firat Ozkan, Co-Founder & CMO

You may not think that a basement could be the next prime hangout area in your home, but with the right layout, you can turn your space into a relaxing domain. For many, a basement is a spot for storage bins, extra clutter or out of season items that you put away and only see once a year. For others, a finished basement can be a room that becomes a luxury add on, or home oasis.

Whether you enjoy gaming or sports, coastal scenery, watching movies, or prioritizing your professional life, you can truly transform your basement into something personalized and luxurious for many various activities for you and your family. If you’re adding a TV to the space, use a TV mount to keep your space looking sleek, as well as functional.

Making your home look and feel like luxury begins when your grandiose dreams and ideas come to life! Let’s dive into these tips and ideas of how to make a luxurious finished basement your reality.

Assess the Layout

Before making any changes to your home, get an estimate and assessment on any flooring, plumbing, heating, air conditioning, electrical, or insulation needed for the basement. When you have a good understanding of the foundation to your home, you’ll be able to make better decisions on what you can add or replace in the room. This step does require some patience, but it is well worth it if you want to ensure you are knowledgeable on the layout of your basement.

Look Into Payment Plans

Depending on how you want to transform your basement, your project can cost up to $100,000. In order to feel confident that you’re spending your money wisely, utilize a budgeting app, or spreadsheet to outline your potential costs by level of priority. When it comes to hiring services, you should work with multiple different contractors that focus on specific areas, in order to highlight the aspects that are important to you and your budget.

When meeting with the construction and design specialists for your luxurious basement project, discuss reasonable timelines for construction and for payments. Some options to look into are paying with cash/debit, or perhaps you could consider a personal line of credit, home equity line of credit, or home equity loan depending on how expensive your project is. Discussing your options and what your situation qualifies for is important when determining a budgeting plan and long-term payment options.

finished basement with sofa and tv

Update to Luxury

Changing your basement from just a storage or a laundry room into a downstairs suite can give more flexibility to the home. Updates to the basement for better insulation inside your walls will create an excellent sound experience for the professional home office for your virtual meetings or work presentations or for creating a zen meditation room.

Walls in your basement do not have to be plain or no do you need to choose boring colors with new tiles or paints. Consider your desired style and make it look appealing and luxurious in the space you have. Sometimes even expanding your wall space by removing drop ceilings to gain back a few feet in regards to the size of your walls is enough to make the room feel improved. Try adding as much light as possible to open up the space and take away from the dark, damp basement experience.

Cabinetry space for beds and lush, richly colored carpets will allow your basement to become a luxurious space for extra bedrooms in your house. If this is in your budget you can try adding more windows at the top of your walls, as long as at least a few feet of your basement walls are above ground and will allow for it. This can help provide that natural light to open the room.

Take advantage of indoor activities during the colder weather with basement saunas or zen miniature gardens. Bringing in good vibes with the benefits of meditation in your year-round indoor luxury basement space is a great way to stay positive during the long winter months.

If your family consists of younger children, another idea is to create a family center in the basement with televisions installed with TV mounts that makes sure everyone can comfortably watch when keeping track of the points during a big sports game or viewing the streaming guide on a new movie. Family members, friends, or guests that were always too busy keeping up with work or school can finally sit back at the moment just rewind and relax together in your newly re-designed basement.

If your family consists of younger children, another idea is to create a family center in the basement with televisions installed with specialty ceiling mounts to elevate your experience and make sure everyone can comfortably watch when keeping track of the points during a big sports game or viewing the streaming guide on a new movie. Family members, friends, or guests that were always too busy keeping up with work or school can finally sit back at the moment just rewind and relax together in your newly re-designed basement.

home theatre with projector mount

Two Bonus Tips for Your Update to Luxury

Bonus Tip #1:

A home theater is another good idea for your basement. When designing your basement theater, select luxury sectional seating and a surround sound audio system to bring the theater experience to life. One main part of the theater experience is the emotions of being transported to another place and time with great seating, snacks, and lighting that takes the experience up a notch. Your basement theater experience will need a good set of blinds and shades that can be motorized or controlled digitally to reduce any lighting that gets in way of watching a film at home. Finding the right projector mount to use in your basement home theater allows you to fully experience the film as you would in a regular theater, but in the comfort of your own home.

Bonus Tip #2:

Next, let's think about what kind of home decor will make the difference in your home theater basement space. Decide on what to include in your basement that can add more warmth and depth to your home theater on cooler days or nights. You can choose luxurious textiles and fabrics for pillows, blankets, throws, or sheets that can match your home theater's colors and patterns. Maybe your home basement experience needs something above and beyond the home decor of a few items. A fireplace in your home basement could be the answer to all the home decor needs of a basement by making sure you stay warm when watching your favorite film at night while adding a cozy ambiance. A fireplace can quickly become a statement piece to enhance your basement interior space, so be sure to shop around on what type of fireplace will best fit with your other decor and your personal style. Gone are the days of fireplaces only providing warmth to a home, but they can also add design and aesthetic. Your fireplace also gives you another option in terms of TV placement, with the utilization of a fireplace mount.

Creating a luxuriously finished basement living starts with your imagination and ends with a new space to live the good life. Whether it's smaller renovations like adding some paint to the walls or bigger renovations like adding exterior windows when applicable, there are options for creating a wonderful basement space that fits in all types of budgets. What are some ways you’ve been able to update your damp basement into an airy oasis?