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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.

Rigid foam insulation boards are one of the best insulation materials for crawl spaces. This material insulates the home well, resists water damage, and won't settle like fiberglass or cellulose. Closed-cell spray foam insulation is another effective insulation that both seals the air and provides excellent thermal protection for hard-to-reach spaces like crawl spaces.

Damp proofing and waterproofing are both methods to help keep your basement dry. Damp proofing keeps soil moisture from entering your basement, which is helpful since your basement is underground. Waterproofing, however, keeps both soil moisture and liquid water out of the basement, which is essential, especially if you live in a wet environment. Because it’s more protective, waterproofing typically costs more than damp proofing.

The best ventilation for a crawl space is a fully encapsulated crawl space with its own separate ventilation system. If you go this route, ensure you have the proper crawl space code requirements done and dusted before encapsulating your crawl space with a moisture barrier and installing appliances that may not be up to the proper specs.