I bought a house 5 years ago that has an interior drain tile system in the basement and there is a 1/2″ gap around the perimeter of the wall. I am going to start finishing the basement walls in the next few weeks and am trying to determine how to handle this gap?
The walls and floor have all been painted with something (I assume Drylock but have no idea) and I am not getting any water in the basement. I will be installing rigid insulation against the foundation wall and then my studs and sheet rock over that, in accordance to the info provided on the buildingscience.com web site.
I am wondering if I should seal that gap around the perimeter of the floor and then just install the thermal break/bottom plate right over that gap?