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Yes, you can and should paint or stain pressure-treated wood to help prevent the boards from cracking. However, you must wait for the wood to dry out completely before applying any finish. Freshly treated wood can take weeks or even months to dry; a common recommendation is to wait three to six months. To check if the wood is ready, perform a simple water test: drip some water onto the surface. If the water beads up, the wood is still too wet and needs more time to dry. If the wood absorbs the water, it is dry enough to be painted or stained. You can proceed with building your deck or fence while the wood is still wet, but you will need to wait to apply the paint or stain.

Your tool of choice ultimately comes down to personal preference. Many DIYers prefer applying stain with a lint-free rag, but others stick with a paint brush or a roller. Wipe the stain and work it into the wood, working with and against the grain. If you’re applying multiple coats, allow the stain to dry for around four hours between coats.

Waterproof paint creates a barrier to hold back moisture, but it doesn’t eliminate the source of the water. If you hire a basement waterproofing contractor, many will tell you that waterproof paint is only a temporary solution. On average, you can expect it to last from six months to two years in a wet basement before deteriorating.

It's okay to walk on a newly painted deck after about four to six hours as long as the weather has been dry. Be sure to wait at least 24 hours before you place any outdoor furniture or grills on a freshly painted deck, though.