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You can paint your ceiling or install a drywall ceiling if the ceiling is unfinished, as they take up less headroom than drop ceilings. 

If there are pipes in the way of ceiling installation, you can do one of two things: reroute the pipes or adjust the installation to fit, which will cost extra.

Installing a bathroom in a basement isn’t a project for most homeowners. Many parts—plumbing, electricity, and carpentry—go into this project, each requiring expert-level knowledge and tools. One miscalculation can lead to very expensive repairs. Plus, some homeowner’s insurance might not pay for damages caused by a homeowner DIYing this project. You can protect yourself by allowing the pros to complete this job for you. 

Framing a basement takes three to five days, on average, when completed by a professional, though it may take longer for a larger space. Keep in mind this doesn’t include the time to complete the design, obtain permits, and install the drywall on the framing. On average, fully finishing a basement takes an average of 45 days.

Building a bar in the basement will likely add value to your home, although it’s unlikely that you’ll see a significant return on investment (ROI) unless you plan on using the space for you and your guests. If you think you’ll use the area frequently, though, it’s probably worth the investment, and you should see a bump in value if or when you sell your property.