Proper insulation and moisture control are essential for a successful basement renovation. To achieve this, start by insulating the walls and ceiling with materials designed for basements, such as closed-cell foam insulation. Additionally, consider installing a vapor barrier to prevent moisture from seeping into the space. Adequate ventilation, a sump pump, and dehumidifiers can also help control moisture levels in the basement. Consulting with a professional who specializes in basement renovations will ensure that you choose the right insulation and moisture control measures for your specific needs.