basement studio

Hi, I am moving into a house (townhouse because it is attached to other houses) that has a big basement. I am planning to build up a little project studio where I'll be recording vocals and guitars. No drums, no loud (rock) bands. Maybe a cello or so. I also need to be able to listen to the music at a moderate/high volume (but not extreme) while mixing and mastering, without disturbing the neighbors. So I need sound proofing. Unfortunately I can't afford to build a room in a room (money and time constrains). I need an easier/cheaper solution. I am thinking to pad the basement’s walls with mineral fiber and then add a drywall layer. The ceiling would be padded with mineral fiber and a false ceiling (not sure if drywall or something else). And of course, I'll add then some acoustic foam (Auralex or similar) for the reflexions, and some bass traps. What do you guys think…would this work after all? Any thoughts? Thank you so much!

Doing that will give you 5/6 of a "room in a room" - all that's left is a floated floor. If your walls are concrete (you didn't specify, assuming here) and your floor is also, you'll get a fair amount of flanking noise traveling thru all that concrete. I'm not sure how much cello will pass thru the concrete, but depending on the size of the room it wouldn't raise the cost a huge amount to add a floated wooden floor - with proper resilient mounting of your walls/ceilings, you'd be all the way there... Steve