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Common mistakes when finishing basement walls include neglecting proper insulation, insufficient moisture management, and poor ventilation. Not addressing these issues can lead to mold growth, water damage, and discomfort. Additionally, inadequate planning, improper framing, and rushing the project can result in subpar outcomes. 

It's essential to follow best practices, seek professional guidance if needed, and prioritize thoroughness and attention to detail.

Some older homes have toilets in the basement to combat sewage backups. This type of toilet, also known as a Pittsburgh potty, acted as a safety valve over the incoming sewer line. If a line backed up, it would back up into the toilet because it was the lowest fixture in the home, keeping it out of sight and away from the finished areas of the house.

Basement toilets were also used by workers with messy jobs, like those who worked in coal mines or steel mills. This way, they could clean up and avoid tracking dirt through their home.

The best type of basement ventilation system depends on your budget, the moisture in your basement’s air, and the types of windows you have down there. You should consider all of these factors when choosing a ventilation system. However, the most effective method for basement ventilation is an energy recovery ventilator (ERV) or a whole-house ventilation system, which preheats or precools incoming air from the outside while also managing water vapor.

Living in a finished basement is acceptable, but only if the space has the proper points of egress and includes smoke and carbon monoxide (CO) detectors to ensure the safety of the occupants. A good way to ensure your finished basement is suitable for use as living space is to get the basement finishing project properly permitted.