Basement Vs. Slab Foundation

[Jared Stroebele]

I plan to do a 6 month live in BRRRR and a slab foundation home has come to my attention off market that will be available soon. I am currently located in Davenport Iowa, and have personally never lived in a slab foundation home.

With the slab I won't have to worry about water in the basement or mold, but there is less  storage and/or finish-able space.  I understand that there is also risk involved with the plumbing  a pipe encased in concrete will be harder to fix/replace than one in the ceiling of a basement or in a crawlspace. 

The home was built in the early 1950's that avoids galvanized plumbing what else should I be worried about?

What impact should I expect the lack of a basement have on property value/rent value? How much is unfinished basement space worth on an appraisal?

Does anyone have positive/negative experience they would be willing to share?

Are there any other pros or cons that I should be considering?

[DJ Cummins]

If its for a rental, i love the slab foundation.  Ive never had issues renting one out, and basements here in the midwest are 99% of time iffy at best.  I have looked at 50 homes in the past 2 months, and ruled our 75% of them for the basement alone.