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The least expensive basement waterproofing methods include grading soil away from your home, installing downspout extenders on your gutter system, and applying a waterproof paint on the interior of the foundation walls. Installing a French drain is a relatively inexpensive method if you do the work yourself, although it’s labor-intensive and can be challenging to install properly.

A sump pump's lifespan is typically 7 to 10 years, though the general range can be anywhere from 5 to 15 years. The specific type of pump is a major factor: pedestal sump pumps last an average of 20 to 25 years, whereas submersible sump pumps last between 5 and 15 years. While pedestal pumps are less expensive to service, they are also louder and more prone to clogging.

Several other factors influence longevity, including the pump's quality, usage frequency, and maintenance schedule. A high-quality pump that is well-maintained in a dry climate may last for two decades, while a lower-quality, poorly maintained pump in an area with a high water table or frequent flooding may fail in six years or less.

Regular maintenance, including annual inspections and tuneups from a professional, can significantly extend the pump's life. It is time to consider a replacement if your sump pump runs constantly, cycles frequently, shows visible rust or corrosion, or trips a circuit breaker. As a preventative measure, many homeowners replace their pumps every eight years. It's also worth noting that a manufacturer's warranty can indicate expected lifespan, and some home insurance policies may not cover water damage from a pump that is past its recommended replacement date.

Thankfully, you do have a few sump pump backup options in case it fails. One option is a battery-powered backup sump pump. Another option is using a portable backup generator as a power supply for your sump pump. Unlike a battery-powered backup which has limited power, a generator can run around the clock for as long as you need it. 

Or you can opt for a water-powered backup pump, which uses your home’s water supply as a source of power. However, this may not be the best option if you find your house frequently has low water pressure.

Standing water under your house can threaten its structural integrity. If water pools in your crawl space, it can damage the foundation and the structure above ground, causing wood rot, mold, and other problems. If you have a concrete foundation, standing water under your house can also make your foundation slabs crack.