Basements are rare here in Texas.  I’ve seen a few, but I could probably count them on one hand.  Where my m-i-l lives, however, a lot of people have basements.  Hers is really nice and has basement floor tiles, finished walls, and a ceiling.  It’s quite large and includes a separate bedroom and a 3/4 bathroom.  Plus, it has a pool table, a couple of sofas, a chair, and a full-size fridge as well as her laundry room area.  We slept downstairs for many years when we would visit because we had plenty of space for kids plus a dog.  It’s a great basement for company to stay in because there’s so much room!