Armed with the knowledge of how much you can afford to spend on your basement home theater, now comes the fun part- selecting your home theater components!
Home theater components
There are four main components in any home theater system: the display (which can be a variety of HDTV technologies including a front projector), A/V receiver, speakers, and a DVD player or Blu-ray player.
You can also opt for separate components (amplifier, surround sound decoder, scaler, etc.) to replace a home theater receiver, but they are beyond the budget of many people, so for our purposes we'll keep it simple.