Thanks guys.
The size of the room is about 8'-8" x 13'-4". I say about cause Im not totally done drawing it.
If you check my post in the Framing section
(Post#9), I have a drawing that is pretty close to current. Im planning on adding R13 in the finished portion of the exterior walls but probably nothing in the closeted area for the washer + dryer.
As far as a return in the basement, I think there is one but its just a grille installed right into the duct work. Later I plan to closet in the furnace and water heater with a louvered door, would that still work to draw return air from the bedroom? The rest of the basement will be finished, but open space.