About a week after we moved in we had water in the basement and discovered a crack in the foundation. In order to find it Todd and some friends had to rip out part of a wall and some flooring. Because of this we have been forced to do some renos that we didn't expect to do already.
The damage was all done in an area known as the suite. The previous owners had an illegal suite in the basement. At first we were just going to replace the flooring and do some painting but then we discussed it and thought why would we spend the money to do this only to have to do it again down the road when we would want to do the whole reno.
So in the "suite" we are knocking out a wall so that it isn't closed in, tearing out the upper cabinets (that were put in crooked), putting up drywall over the panel board, painting and laying new flooring. Depending on how much this is all going to cost we may also look into replacing the counter top since it is in 2 pieces and not matched up evenly. It looks like the "suite was put together in a hurry.
Here are the before pictures....
The wall with the door to enter the "suite". This is the wall that is being knocked out. 
The kitchen of the "suite". The top cabinets are coming down.
This wall is going to stay there.
The dining room space. We are going to be putting some exercise equipment in this space.
The door to the living room space. We will be using this as an office/spare bedroom.
This shows the door to the bedroom, which we will be using as a spare bedroom, and the door to leave the "suite".
An inside view of the wall that will partially be knocked down.
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