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You want to do everything on the up and up, so step one of your basement finishing project is to find out what permits and inspections are required. If you call your city or county clerk they'll be able to explain the permitting and inspection process.
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Building and Electrical Code Requirements
Some states consider a basement finishing project a wet area. And require ground fault circuit interrupt (GFCI) outlets. If you're going to be doing any plumbing here are some questions to consider: Can you use PVC or polyethylene or do you have to use copper pipes? Do you have to use wooden studs and joists, or can you use steel? These are examples of code requirements that you'll have to be aware of when planning the project.
Photo: Mike Aguilar