• Remodel your basement into a livable space.cellar steps image by green308 from Fotolia.com
  
  Remodeling the basement can add significant living space to your home. It doesn't have to serve solely as your laundry and storage space--you can turn it into a really cool living space. Think about what type of space your family could use the most, then hire a professional contractor to make the changes for you.
  
  

Entertainment Area

• Turn your basement into a home theater. Set up a surround-sound system for better movie sound and purchase a large-screen TV or the projector type. For seating, you can purchase movie-theater-style seating or simply go with large, comfortable couches and chairs. Keep a small kitchenette stocked with movie snacks and drinks.
  
  

Home Office

• If you're working from home, a dedicated home office space can help you stay focused and also provide a deduction on your taxes. The area should have good lighting, a desk and an ergonomic chair. Keep all of the things that you might need for work close by to be more efficient.
  
  

Play Room

• If you have young children, turning the basement into a play room can be a good way to keep the mess from toys contained to one space. Paint the walls with chalkboard paint so that kids can draw on the walls whenever they want. Create different play areas--an art space, a quiet reading space, a place to play games.
  
  

Bar

• If you're in favor of something a little more grown up, consider creating a bar. You can set up a bar with all the supplies you need for your favorite types of drinks. To create a more social space, be sure that you have plenty of comfortable seating. You can even put in a pool table or a dart board.
  
  

Exercise Room

• An exercise room can help you stay fit year-round. Set this up with cardio equipment and weights. Wall mirrors enable you to watch yourself while you exercise, ensuring that you're following proper form. Make a space for stretching and floor work--this should be soft, like a padded cushion.