I am considering purchasing a home with an unfinished basement, that I would like to finish as extra living space for my family. How can I tell if the basement leaks? Renovating or finishing a basement is an economical way to increase the living space in a home. Every homeowner should be aware, however, that most basements are likely to suffer from some form of moisture problem during their lifetime. A survey undertaken by Health and Welfare Canada found that 38% of Canadian homes had indications of excessive dampness or mold. And even the most modern basements, which may remain dry for years, can suddenly become susceptible to moisture infiltration, as settling occurs or conditions change around the home. A qualified home inspector will conduct a visual inspection of the entire property for signs such as cracks, dampness or discoloration, which could indicate if or where the risk of a leak…