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Yes, a crawl space can add value to your home. However, there is a higher chance of it adding value if it is an enclosed crawl space, as this reduces issues caused by excess moisture in the home. That being said, a basement does add more value than a crawl space.

A walkout basement is considered to be partially below grade because at least one wall is entirely exposed. In some cases and in specific municipalities, inspectors and appraisers will still count walkout basements as below grade, which means the space can’t serve as living space or be rented out. If you intend on using the area as living space or a separate apartment, you should check with your local building department to make sure it’s legal to do so.

Yes, usually you will need some kind of vapor barrier on the exterior walls when the framing is attached to concrete and masonry surfaces.

A plastic vapor barrier should completely cover your basement to prevent water from penetrating through the walls. This typically goes before installing insulation to prevent moisture from building up and becoming trapped on the inside of your insulation, where it can collect and lead to mold damage. Installing insulation after the vapor barrier allows for any moisture to exit the walls for better ventilation.