^Agree with eld6161. First priority is the baby (congrats!). Use one of the secondary bedrooms for the nursery. Next is your husband's gaming space and a distant third is entertaining overnight guests. I know the need to nest is strong, especially during pregnancy, but I don't think taking on the basement rehab now is a good idea. As mentioned above, put those guests on a sofa bed or in a nearby hotel until you get the basement reno done - after the baby is born. Do the basement reno when time and budget permit which may be longer than a couple of years :)

Sarah, That layout was just a starting point for your room. There is lots of room to entertain different concepts for your room. Here's another possible layout for you to consider. This one has two sofas with 'cuddle' sections at each end facing the TV. I added an upright piano to the plan. Is this something you own or are you considering a baby grand for the room? Not sure this is the right room for a standard wall bookcase to store books. I'm sure you have an office in this house that might be scaled better to receive a standard 84" tall bookcase. Instead, you might want to consider sectionals that have matching bookcases that border the sectional like this example below. The bookcases act as book storage, display space, and console tables all at the same time. That long wall for the TV is 14ft. This photo below illustrates a cleaver use of a long wall that incorporates a TV and some display shelving if that is what you meant by bookcases for the room. Here are a variety of long walls with large TVs mounted on the walls and ways to address all the wall space that comes with this. I'd suggest you start with a rug that at a minimum is 10x14. It can be larger, as you have the room. Rugs this size can be pricey and limited in designs. Also, it's like hauling 2 dead bodies to move them so you'll not want to do that more than once. The plan also shows a long credenza or sideboard with art mounted above on the wall behind the two sectionals. This might be a great spot for placing a food spread if you entertain. Just keep in mind how large the room is and small items will get lost in this room. Also for you ceiling, don't even consider a 54 or 60" size. Start looking at the big fans if you expect any air movement.

I don't get much chance to comment so I may not be a lot of use, but just to get started, I think you'll find that your advisors here will need a better idea of the size and shape of the room. More pics from other angles. At the moment the furniture positioning looks awkward, and we'd need more idea of the space you have to play with for that. My other initial thoughts, curtains certainly . Can you change the carpet? It doesn't look ideal, colour wise, on my screen. Or you might consider a rug on top of it. You'll need a coffee table and/or side tables. I suspect both. Lamps on side tables would help make it feel cosy. Think art for the walls to bring life and personality to the space. You need to define a colour palette, I think, that includes the colour either of the existing carpet or a replacement; the stark black and white of the cushions look like they belong entirely to another room. That choice on its own could help you on the way to a palette that would work. There's a lot of inspiration to be had. With the wooden walls, I'd recommend an earthy or textured look, or nature reference: Introducing orange and navy: Green eyes,, blue eyes, take your pick: Still monochrome, but warmer:

Just moved in to our rental, they won't let us paint so looking for help with window treatments and pictures. The room open to the dining/sitting room