Introduction The basement is the new living room. It's where we play games, watch movies, and even do yoga. So when you're thinking about renovating your basement into a finished space with all the amenities you've always dreamed of having, there are two things you need to keep in mind: It Looks Easy on TV, but It's Not You have to think about the work you need to do. You have to think about the cost. You have to think about the time it will take and who will help you with your basement renovations , like a carpenter, electrician, plumber, or painter. What Are the Biggest Costs? The highest costs are flooring, lighting and windows. If you want the space to be usable again, these items need to be replaced. Another common mistake people make is choosing cheaper materials for these items that don't last as long or look good in the long run. The walls will also require work if you're looking more modern with exposed brick or stone walls. The flooring can also be exp...