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Does your basement have a damp, musty or moldy smell? Can you see mold on your walls or surfaces? If so, you could be breathing spores that can be dangerous to your health. Waterproofing Finds and Eliminates Harmful Molds! Affordable Waterproofing basement waterproofing is your first defense against dangerous mold. That’s because a wet or moist basement is a breeding ground for molds. Affordable Waterproofing pinpoints areas of mold growth and eliminates the problem through a two-step process.