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The cost to install a new sump pump, including materials and professional labor, typically ranges from $1,000 to $3,000. The average cost is often cited between $1,200 and $2,500. Several factors influence the final price, including the type of pump, the complexity of the drainage system, and the installation location. For instance, installing a sump pump in a basement may cost around $1,200, while a more complex installation in a crawl space can cost an average of $3,900. It is important to hire a licensed professional for the installation to ensure quality work, which can impact the pump's lifespan and warranty. Note that these costs are for a new installation; replacing an existing unit is less expensive, typically costing $308 to $748.

Since basements are prone to water and moisture issues and the resulting problems can be expensive to repair and potentially damaging to your home, basement waterproofing is almost always worthwhile. Even for homes that haven’t experienced water infiltration, waterproofing the basement is insurance against facing expensive repair bills in the future. All basements will leak at some point, so fixing drainage issues and taking steps to prevent moisture and water infiltration is wise.

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.

You should take care of any sign of water in your basement, whether it’s dampness after heavy rain or puddles of water on the floor. Besides potentially causing a health hazard, the moisture can damage your home’s structure and foundation. Furthermore, mold can grow quickly and spread throughout the rest of your home. With mold remediation costs ranging between $1,200 and $3,400, it’s best to avoid mold issues by fixing the leak.