We decided to build the cabinets out of fir, to match all the trim in the house (windows, doors and baseboard). You'd think that fir would be cheap and plentiful--NOT, at least good clear vertical grain (cvg) fir. 1x stock is easy to find, but expensive compared to paint grade woods, and most times the vertical grain of the wood is only displayed on the face, not the sides (the 1x part). So you have to be a bit careful, or laminate the edges with cvg strips.

The wall cabinet that I've finished is about 8' wide, 7' high and 12" deep. Mainly designed for displaying art objects and some books and magazines. I basically built four 2 ft-wide boxes and ganged them together. Then I built the face frames in places, using 1x stock that I had already prefinished with clear, semi-gloss polyurethane. This type finish is easy to apply and dries fast (hours), and is good away from water. Two coats on a 220-grit sanded surface, then light sanding with 220 or 400 and a finish coat usually is all that is required. I fill nail/screw holes , then spot finish the filled hole before the final coat.
I kept track of the labor and cost involved in this first cabinet, although I knew the outcomes before I even started. Basic materials were about $600 for wood, $50 for finishing, and $115 for 8 glass shelves. The project timed out at 78 hours (OUCH), or almost two full weeks. I suspect a professional could do it in about half the time, but at $40/hr (a cheap furniture builder), the labor would bill out at $1600. So that would be $2400 for the 8 ft wall bookcase. Now I don't feel so bad about the material costs.
I started the two built-in cabinets this week. They'll take about the same time and materials as the first bookcase since they are both 4-ft wide. The cabinet on the left side of the fireplace will house the TV and media equipment, whereas the one one the right side will be for books. Four drawers across the center of the cabinets will house our soon-to-be collection of CDs. There will be one large speaker on each side, a left over from the old days of free-standing speakers. They are B&O's, which I traded for a semi-prof bicycle back in the 70s (that's a separate story).