Measure the basement and record the information on graph paper. Include windows, lighting and supporting beams. You will also want to indicate the location of any heating and air-conditioning systems, water heaters, electrical panels, meters, pipes and exposed ductwork that will be hidden in the finished basement.
Add special areas to your graph paper that are a “must” for you. Decide whether or not you have the space and the budget for a downstairs bathroom, which will eliminate the need to run upstairs to use the facilities. Don’t forget to include storage space. Be realistic about how much space you need. For example, if you want a pool table, think about how much space you will require when taking back a pool cue.
Research material options for your finished basement. Keep in mind that a basement is prone to moisture because it is situated underground and because any water from a leaky pipe or washing machine, for example, will probably wind up downstairs. Prefabricated waterproof panels that fit along metal tracks can be used for the walls, and waterproof planks of materials like PVC that give the appearance of wood can be used for the floor.
Hire a professional to do the job who is on the same page as you are as far as design and materials. Your contractor should be able to advise you about any permits you may need and any building codes you may have to conform to. For example, for a bedroom, you may have to construct a window opening that meets certain specifications for safety.