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The best basement waterproofing method depends on the specific issue causing the water intrusion. For minor problems, simple solutions like installing a properly functioning gutter system to direct runoff away and grading the soil to slope away from your foundation can be effective.

If you have more significant water problems, the solution will need to be more robust:

• For standing water on the basement floor, a floor drain or a sump pump system may be the best solution.

• For water pooling around the foundation, installing an exterior French drain can intercept water before it reaches the basement walls.

Other effective waterproofing methods, which can be used depending on your home's specific needs, climate, and soil type, include sealing the interior walls, landscape alteration, installing interior drainage systems, and using a dehumidification system to control moisture levels.

You should plan on waiting at least a year and ideally two to three years after construction before finishing your basement. This will give the foundation time to settle in response to the weight of your home and the expansion of the surrounding soil. You can then repair your foundation and seal any cracks as needed before finishing it to reduce your risk of future leaks or other issues.

“Basement waterproofing” sometimes refers to applying a waterproof sealant to basement walls, in which case you would use a waterproof paint, often made of latex. However, there are many methods you can use to waterproof a basement, including exterior drainage systems, interior drainage systems, dehumidifiers, and more. As such, the materials you use can vary depending on the methods you use.

The most cost-effective foundation repair is using masonry patches and sealants to seal foundation cracks and offer some support to prevent further damage. These methods are used to fix minor foundation cracks quickly. However, they’re not suitable as a long-term solution, and they only offer minimal stability. On average, masonry patches and sealants cost $500, but a sealant like an epoxy crack injection can total over $2,000. If you’re handy and only looking for a temporary solution until you contact a local foundation repair contractor for a more permanent one, you can save hundreds by DIYing this repair.