Basement ceiling finishing.
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If access to pipes and/or electric wires, a suspended ceiling with easily removed tiles sounds like the best bet here.
You could also leave the ceiling open and paint everything one color. I had a friend that painted her basement ceiling, including pipes and all , black and the walls red.
You can drywall and put in access panels in the ceiling for the pipes. My uncle did just that-- he put in wood accents on the ceiling which were really doors to access pipes. They ran the length of the joist and because the pipes went along the side of the wall, he ran his "door" along the wall and framed the ceiling all around the room.
Use decorative 2 by 2 ceiling tiles and it won't look so industrial.
Unfortunately, due to all the workings of your house that are currently exposed now (wire, pipes, heating elements) you need to have access to it. If you close it up (and by code, some items like junction boxes can't be) you run the risk of a major issue somewhere down the road. There are panels for suspended ceilings now that don't look anything like the old ones. Do some research online and take a look at a few businesses to see what is available. I think you will be pleasantly surprised.
I’m with Russbow98. Our basement ceiling was drywalled and access to heating vents, electrical wires, etc. is impossible without tearing out the drywall and then repairing it. BUMMER!
I'm with Ruusbow, Cynthia, and Reblenomo. Smooth drywall ceiling looks great until you need access to electrical, heating, and plumbing. There so many options out ther for suspended ceilings that do look great.