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Yes, crawl spaces can attract bugs, especially since moisture tends to build up in the space, and moisture attracts pests. A good way to prevent pest infestation in your crawl space is to install a vapor barrier—called crawl space encapsulation—on the interior to seal the space, along with a French drain or some other kind of foundation drainage system outside to keep runoff out of your crawl space. You can also seal foundation cracks and repair damages to cut off access to pests.

Some basement waterproofing methods can actually cause your water or moisture problems to get worse, which is why it’s so important to call in a professional who knows how to solve your underlying issue and use the appropriate waterproofing methods. An example of this would be applying latex waterproofing paint to the insides of your basement walls without fixing the water issue outside. Doing so can trap moisture in the basement walls, which can promote mold growth, peeling paint, and even damaged concrete. However, when done by a professional, the only downside to basement waterproofing is the up-front cost.

Water can seep into porous materials like wood beams, floor joists, and roof rafters within minutes, but they’ll need to see prolonged exposure before you have structural damage. Mold can start growing within 24 hours, and mold can eat away at the structural components over time. Wood rot is more of a concern, though. Wet and dry rot are fungal infections that set in in moist conditions and rapidly deteriorate wood, causing major structural damage within just a few months in some cases.

If you don’t wish to dig it out and convert it into a finished basement, you can still encapsulate your crawl space to protect it from damage for an average cost of $5,500. Finishing a crawl space beyond this isn’t really worthwhile, as the low ceilings mean you won’t be able to use the area as living space.