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Lounge area setup could work for space in front of fireplace

Sleepover room!! Kids would love this!

Home theater - love the cozy seating up front, and the stools at the snacking area across the back!

Dress up Fireplace for upstairs/downstairs - Downstairs would have no insert

Would cover pallets in batting and fabrics make them real couches!

from Designbuzz

Hi tech home theater design ideas

Dream Basement.

Instead of installing cabinets - do a flush mount

Create something like this incorporating the half wall in the basement