4 Ikea bookshelves - $325
misc. hardware and lighting - $250
custom cabinet work - a day's worth of sweat equity
Having a new haven in the basement - priceless
The slideshow gives you an idea of how I have transformed the basement over the past year or so. The original owners used the basement living space as a play area for the kids - why should I be any different?
So the truth be told, one of the factors for buying this particular house, was the presence of a basement living space that could be set up for home theatre. It was supposed to be a bit of a longer term plan, as I had designed the upstairs TV area with full theatre surround (5.1) capability. But the wheels were spinning, and a google, here, and a click there, and I was sold on putting a front projection system in the basement living room.
Actually, I had sold myself on a cool Optoma H31/screen combo from Costco, but then a buddy of mine told me that another co-worker in Calgary was selling one of his two projectors (long story). So for only $650, I was able to get a pretty decent projector and a ceiling mount. Add a 92" screen from Costco for only $239, and I'm doing big screen theatre for under a grand!
Ok, so I already had a pair of Bose 301s from 1979, a pair of Bose 201s and a Polk Audio centre, the Denon receiver and a DVD recorder (need the tuner to watch TV). The cool thing about the Denon receiver, is that it can do component video switching, which makes cabling and user interface much easier. Purists would say to run the signals separately, but the neophyte can't see the difference. Besides, what are you going to compare it to?

Since the room was finished already, but when I put down the new laminate flooring (for the upcoming addition of our new puppy) I was able to hide the wiring for the rear speakers and an additional Cat 5 ethernet run. The last, best thing for the home theatre setup, was a Logitech Harmony remote. It's the coolest thing to replace the 5 remotes that I needed to run the complete system... and it can all be operated by menu-driven commands. Very cool.

The basement was probably finished sometime in the 70s, and the doors, mouldings and windows were stained and finished medium brown. I already had a medium brown entertainment unit, and a coffee table that roughly matched. So after a week or two of pondering the design, I came up with an open bookcase surround for the screen. I figured it would "finish" that end of the room up - it was a haphazard collection of stuff that needed organising.
The 24" tube TV that Bob gave me had to go. It was on the wrong side of the room, and it forced the leather club chair to the right. That made it kind of awkward, as it sat in front of the couch - not even close to a conversational angle. So by getting rid of the tube, it allowed me to put the club chair on the other side, and make much better use of the space. I picked up a cheap ($300) LCD TV for watching the Simpsons (or anything but Survivor) while Chris is taking in America's Top Model upstairs.