Rebuilding your basement or simply sprucing up your staircase does not mean breaking the bank. You can update your staircase by using inexpensive materials. The riser (back of step) and trend (the step) can be build from presswood which is much lower price than hardwood. Once you have completed building your staircase, you can either paint it white or any color you prefer.
Having fun decorating your basement stairs. Steps, railing and balusters have been painted in grey, risers and spindles in white. With a striped carpet runner. Flowery wallpaper provides a creative touch.
If you want to be creative and you happen to have some left over wallpaper here is a fun idea. The steps have been painted in grey and the riser has been covered with wallpaper (Cole & Sons Woods Wallpaper).
This was a recent project. The staircase was completely rebuilt using presswood for the steps and riser. Steps, riser and spindles were painted in pearl finish Benjamin Moore Cloud White. Rail and balusters were stained in mahogany color to match the new flooring. A little trick to match your floors, bring a sample of your flooring to your local paint or hardware store and they will match it.
You can be creative. Add color and stenciling to fit your style.