First, we have had some water/moisture issues in our basement before, so we decided to pull up all the hard wood and replace with tile. This way, the floors won't bubble up if any moisture gets under them. Next we decided to repaint the room. We chose "Forrest Stone" which is a nice greenish/gray to lighten up the room. We then had to decide on the carpet. This was a tough one because we knew whatever we chose, it would get a lot of wear and tear. AND, in addition to that, this room is going to double as a guest room so we wanted to make sure it was some what inviting and not just a huge Elmo carpet. In the end we went with FLOR carpet. It is great because each square is removable and can be washed or replaced if damaged. In addition, each square is pretreated with a stain resistant...perfecto. Last but not least we added a bookshelf and a cubby compartment for extra storage.
We just ordered a queen sofa bed that is going to go on the back wall as you can see in this last picture, and we are going to mount a flatscreen to the wall above the cubby unit. After that, aside from some pictures on the walls, it will officially be complete!