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Hi All, I just finished my basement last year. I also live in central Illinois. My house is about 100 years old, with cut limestone/fieldstone basement walls. I had given considerable thought to finishing the basement as it would be warmer in winter and cooler in summer but, more importantly to control the humidity. I used 3 5/8 inch metal studs from Menards. Every stud is straight , cuts with tin snips, you do not have to worry about the wood rotting. You put the studs together with stud screws and a cordless drill. They are also more forgiving on measurements than wood. For the insulation I hired a contractor that specializes in sprayed on polyurethene foam. It is sprayed on one to two inches thick. It is its own vapor barrier. The thing that I liked best about it is you do not have to worry about it growing or hiding mold. I cannot say enough good things about it. I finished the walls with a combination of drywall and plywood depending on the use of the room. It really makes a big difference from what it was....cold ,hot ,and damp. It turned out to be a very usable and attractive space.
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