Well the wife said the basement was my domain when we bought the house last May. Said she didn't care what I did down there, that it was allll mine. Muahahaha.
Well 8 Months later I'm starting the very slow process of preparing things and planning.
The first thing I did was seal up around the windows and today installed R-30 Roxul in the front wall rim joists. As you guys can see in the pics a lot of the old BX wire sheathing is badly rusted. I'm planning to replace all the wiring in the basement with new 12/2 romex. Half the house on the first floor is all on one 15 amp circuit, so that needs to be fixed anyway.
The other thing I need to seal up first is where the sill plate meets the foundation...There is a lot of air intrusion and can see some light from the outside in some areas...Some of the block was cracked when someone installed new windows also....It looks like a previous owner slathered some sort of mastic on top of the cement...would this work to stop the air?
The only other thing I can think of is when I put the walls up to put another layer of insulation behind the frame to seal that area up.
I will only be finishing the front half of the basement where the center beam is located. The back half houses the oil tank,water heater,furnace,washer/dryer etc. It's basically the exact same size of the living room and bedroom upstairs. it's 28' long and will be approx 10' wide.