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French drains and yard grading systems are two highly effective ways to fix standing water around the foundation. Since the French drain uses a perforated pipe covered by gravel, you won’t have to worry about water taking the soil away from your foundation. Meanwhile, yard grading levels out the ground to prevent water from gathering around your foundation.

The foundation repair that will work best varies based on the extent of the damage, the underlying cause, soil conditions, weather conditions, and more. Permanent foundation solutions like underpinning and exterior drainage solutions are better than temporary fixes that don’t address the source of the issue. Some examples of more temporary solutions include mudjacking or slabjacking, waterproof paint, and dampproofing. The best course of action is to have a reliable foundation specialist inspect your issue, treat the underlying problem, and restabilize your foundation.

Yes, it is generally unhealthy and can be dangerous to live in a damp basement. The damp air can negatively affect your breathing and lungs, and the moisture promotes mold growth and pest infestations. Inhaling mold spores or waste particles from insects and rodents attracted to the moisture can be hazardous. This damp, moldy air can also circulate into your main living area. It is crucial to resolve any moisture problems and implement preventative measures before using your basement as a living space.

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.