Join Date: Mar 2010
Location: North Carolina
Mentioned: 6 Post(s)
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Depending on how fancy you get, but creating a "valance" out of moldings to dress it up will be your least expensive option. Next would be building out a full soffit and then the most expensive solution (by far if you are hiring it out) would be recessing it in between the ceiling joists, provided your joists are going in the left-to-right direction.
Given your limited budget, I would budget $200-$300, including materials (assuming paint-grade poplar or pre-primed pine), to have a finish carpenter come out to the house and build your molding valance.
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