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Waterproofing and finishing your basement does wonders for the value of your home. A home with a wet basement is virtually impossible to sell, and leaves the largest single room in your house wet, moldy and useless. That space can be finished into a beautiful living space at half the cost of an addition. However, one basement contractor is not the same as another. Make sure that you protect yourself from scams and potential problems by finding a basement contractor with an excellent reputation and quality products.