Setting up a movie room in unfinished basement

Many thanks to all.
I know $5000 is very tight budget for this kind of work, and if not done right, I may only end up wasting money and time.
Realistically, I would need 3~4 times of money to get it professionally done.
I am not a handyman, but I am willing to spend as much of my time to as I can to save cost even though it will take quite a while.

You need to make a list of what you want in the room. Measure the room and apply some unit prices for labor and material. Drywall, insulation, carpet, paint, doors, trim, electrical wiring, electrical boxes, Lighting etc. If you can do a lot of the work yourself you can save a lot of money. Check Home Depot for prices on the items you need. Some of the work you might have to hire out such as electrical. I would look for a handiman to do the work that you are not capable of doing. Take a little time to do your homework and you might be supprised.

Good Luck.

At that budget CARPET walls, floor and ceiling.

Agreed just do a room as cheap as possible. If you are doing it yourself you still need a fair amount of money for tools.

Do the room at least it will add value and living space to the house.