While neglecting your wet basement might look like the best option, you need to appreciate the risks involved. These include:

1. Risks to the property: Water entry through foundation walls affects both wooden and metal materials used to strengthen the foundation. This leaves your home exposed to damage especially in case of natural disasters.
2. Flood damage: Failure to deal with a leaky basement means the problem is exacerbated during heavy rains. More water will seep through, completely devastating valuables stored in the room.
3. Health risks: Presence of water and high moisture levels in the basement provides ideal conditions for mold growth. Mold causes respiratory health problems including coughing, wheezing and sneezing. It also causes allergic reactions in asthmatic people. The fact that much of the air you breathe indoors travels from the basement means mold spores will end up in the upper levels of the house leading to health problems.
4. Impact on home value: Water in the basement is a big turn off and if it ends up in a home survey report, you will find it hard to sell the property.

If you notice standing water on your basement floor, effervescent and paint damage on walls or a musty odor in your basement, it is time to call in a contractor to deal with your leaky basement.