Deciding to renovate your basement is a decision that you won’t regret. Basements boast large areas, and so offer a multitude of options for your home. Therefore, depending on what exactly you would like to do to your basement, it is important to determine the cost of renovating your basement. As one would expect, the cost of renovating your basement depends on a number of factors. For example, you need to assess how much work your basement needs in order to convert it into the desired space. So for instance, if you would like to convert an empty room into a living room, then the cost should not be very high if all you need is to paint the walls, and add some lighting and furniture. However, if your basement requires a complete revamp, including restructuring the space, then you should expect a higher cost. Moreover, you need to answer a number of important questions that will help you determine what you should do with your basement. First of all, is your basement naturally lit or dark? If it is dark, then perhaps it would make more sense to use the basement as a home theater, rather than investing in a lot of lighting fixtures. All in all, you should assess your unique situation prior to making a decision on how to convert your basement.