We will have lived in this house (which we had built) 2 years on the 26th of this month. We opted to finish the basement (minus the kids bedrooms and a bathroom) on our own. We finally got started. My hubby is so proud of himself...he installed 8 recessed lights this weekend (we had just 2 bare bulbs).
Next up is to put in outlets. We are debating about adding a gas fireplace. My parents have offered to buy that for us, but we are unsure if it's worth the money as we are not sure how much time we will actually spend down there. Our daughter wants a fireplace and she may be more likely to have friends over once the basement is finished, but she may only be living here for 3-5 more years. (YIKES!!! They grow up way too fast).