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Rebar is an essential part of reinforcing a basement floor, as not having it can impact its structural integrity. It helps absorb the tension factors that contribute to cracks in your floor and strengthens its load-bearing capabilities by evenly distributing the weight. Not including rebar could lead to an unstable floor, so don’t skip it!

Yes, most general contractors require a down payment for project completion. A reasonable down payment for a contractor is 10% to 25% of the total project cost, though that will vary based on project size and location. The down payment helps cover the upfront costs of materials and permits and helps ensure payment for the project at hand. 

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.

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.