Another floor renovation would be to install tile throughout, but is usually the more expensive type due to extreme labor and expensive material, also the concrete floor has to be very smooth. A very elaborate finish is to frame the ceiling in a manner that covers the existing ductwork etc… and clip the corners to create a coffered ceiling with crown molding with low voltage lighting concealed and on a dimmer to create mood settings. Whatever the choice of constructing and finishing is always relative to the owner's budgeting amount for the project. The most beautiful renovations that you see in magazines are naturally the most expensive renovations. If you're willing to pay or have the resources, the more that goes into the project the more elaborate the renovation will be.