Shock treating a home, or rooms with ozone
Ozone is highly toxic and dangerous. It's pretty much comparable to trying to clean your home with a flamethrower. Either the flame is candle-sized, then it doesn't do anything. Or it's big enough to kill the fungus in the walls, your dog, your wife and ultimately the walls themselves if you let it run for too long.

Laser printers have problem with ozone emissions, and it's tightly regulated to keep ozone down to a minimum. Ozone is good only in stratosphere, where it can't harm living organisms like humans.

Your real problem is the damp basement. Fix the root problem and other will disappear on their own. Ripping the carpets won't do anything in the long run. Renovating a house without waterproofing the basement is like perfuming a corpse - it'll seem nice for a moment, but the stench will return sooner or later.

Fix the water problem or get rid of the house. It's unsafe to live in mold-infested building.