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You should plan on waiting at least a year and ideally two to three years after construction before finishing your basement. This will give the foundation time to settle in response to the weight of your home and the expansion of the surrounding soil. You can then repair your foundation and seal any cracks as needed before finishing it to reduce your risk of future leaks or other issues.

Most houses will have vents in the crawl space. This allows for air passage and energy retention, which in many ways can help control the temperature inside the home. If you are able to consider the cost of a crawl space encapsulation, you may not need your crawl space vents at all. 

A crawl space is an area under the house that provides access to plumbing, electrical, heating ducts, and other HVAC units. Its purpose is to create a buffer between the ground and the living area, helping with ventilation, moisture control, and access for maintenance or repairs. Crawl spaces are most often seen in houses in North America which are built on concrete foundations versus other parts of the world where buildings are constructed differently.

The best ventilation for a crawl space is a fully encapsulated crawl space with its own separate ventilation system. If you go this route, ensure you have the proper crawl space code requirements done and dusted before encapsulating your crawl space with a moisture barrier and installing appliances that may not be up to the proper specs.