Preparing the Space
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Locate the toilet, sink and shower. The most essential component of a living space is a bathroom. If no toilet, sink or shower is available, locate the "rough-ins" for a bathroom and install the necessary components.
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Identify an area for a kitchen setup. Purchase a portable indoor/outdoor butane range stove. This will serve as your cook top. A small portable table will double as a kitchen counter and a table for eating. A mini-fridge will keep your food cold. If space and money are no issue, install a full-size stove, refrigerator and sink.
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Purchase a bed or hide-away couch to be used as a sleeping area.
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Setup your basement in a fashion that is functional, yet does not hinder the other residents of the house.
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Ensure proper heating and air conditioning ducts are run to your living space. This will provide a comfortable environment and air circulation.
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Inspect the walls for moisture or water leaks. Use a concrete sealant to prevent moisture from entering the basement.
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Install adequate lighting in all basement rooms. This will be your living quarters for the next few months and a bright atmosphere will give you the sense of happiness and functionality.