The benefits of finishing a home basement are numerous. A musty old room that was once only good for storage can be converted into a work area, home office, bedroom, or entertainment area. Basements are now considered livable space in Illinois, and can count as finished square footage for re-sale of your home. By finishing your basement, you can expand the living space of your home considerably. The advantages will be worth the effort, and the creative touches you can add to your personally designed new room is fulfilling.