The space in your basement should be used to the fullest extent possible because it is an extension of your home.
A neglected basement is a waste of useable space and can lower the value of your home.
By neglecting your basement, you run the risk of major health problems and property damage from things like leaks, inadequate ventilation, and mold growth.
Renovation of your basement is a great choice if you want to prevent this and have more room.