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Water damage always poses a primary risk of mold and mildew, but growth is not guaranteed. The chances of mold developing depend on several factors, including the severity of the damage and how quickly the area is cleaned and dried. To prevent mold, you must act quickly—ideally within the first 24 hours. Clean up all water and thoroughly dry the affected area. If the damage is extensive, you were unable to address it immediately, or you suspect mold has already started to grow, it is best to assume it is present and hire a professional mold inspector or removal expert to assess the situation.

Anything having to do with the structure of your home, such as raising the ceiling, is usually the most expensive part of finishing a basement. Another project component that could be a surprisingly high expense is adding an exterior entrance. 

The cost of a walkout basement can be anywhere from $5,000 to $35,000.

A leak under your foundation from a water supply line or sewage line is likely to lead to water pooling on certain areas of your property during rainfall, abnormally fast-growing or green grass in certain sections of your lawn, and differential settlement of your foundation, which can result in large foundation cracks, windows and doors failing to operate properly, a wavy or sloping roofline, or damages or irregularities in your interior walls, including cracks and bulging. If it’s a plumbing line embedded in your slab, you’ll also likely notice above-average water bills.

Some disadvantages of crawl spaces are mostly regarding the air itself—moisture build-up and poor ventilation, which can cause problems both in the house and underneath it, even damaging the foundation itself. Crawl spaces are difficult to access and often invite unwanted pests during the hot summer months and the cold winter ones. These hard-to-seal spaces are also susceptible to water damage during periods of heavy rain or melting snow.