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Updated over 4 years ago,
How to finish basement that has moisture
Hi All,
I am flipping my first house in a Cleveland, OH suburb. Paid 73k for the house and put roughly 30k into it. My realtor and I both agree that we should list it at $160,000 and see what it does in this market.
I am about to tackle the dreaded basement that has moisture. We waterproofed the one side from the outside, and put a cement based paint on all of the exterior walls hoping that it would help with moisture, which I think it has about 80%. My question is, if I'm looking to finish the basement, do I install the cheap MDF/HDF "wood panelling" or spend the extra money to install mold proof drywall? Obviously the panelling is way cheaper as I would have to hire someone to finish the drywall for roughly another $1,000. Or is there another product that someone would recommend?
I am convicted knowing that likely within 3 years that cheap panelling will start growing mold and start flaking0. We have had several family members/ church friends inquire about buying the house. I know this is a loaded question with a few parts to consider. Any suggestion or tip would be much appreciated!