Opt for laminate floors over more expensive hardwood — they're more durable and resist moisture damage common in basements.
In this stylish but budget-friendly basement reno, designers Melissa Davis and Halina Catherine of Catherine + Davis saved by using a 7-1/2"-wide laminate floor that's hardwearing but doesn't compromise on style. The well-priced material works perfectly over radiant heating and is a popular choice for basements where water can damage wood and carpeting. This left room in the budget for beautiful lighting, stainless steel appliances, a full dining room table and finishing details that give this basement main-floor appeal.
If you're considering moving the furnace to accommodate an open-concept space like this one, keep in mind the steep costs of doing so: "The price fluctuates depending on how far you're moving it and how much work has to be done to accommodate it, but you can estimate $2,000 to $3,000," warns Bryan Baeumler.
For more budget reno advice from Catherine + Davis, see our photo gallery of Save & Splurge Reno Tips.