In years gone by, basements weren’t really set up for living. Basements were traditionally set up for doing laundry; for miscellaneous storage; for furnace equipment; and for the hot water tank. The basement was dark, dank, and musty throughout most of the year. For the most part, the walls in the basement were brick, without any insulation, and without any drywall. Today, things are much different - basements have become comfortable living areas with multiple uses.