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The cost of basement waterproofing is $4,950 for the average homeowner. However, you could end up paying between $600 and $14,000, depending on factors like basement size, waterproofing method, and the region you live in. 

If you live in an area with heavy rainfall, you might be paying more for waterproofing than if you lived somewhere drier since waterproofing contractors would be in high demand. Likewise, a 500-foot basement costs between $2,500 and $5,000 to waterproof, but that price rises significantly for a larger basement.

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.

A sump pump will drain a flooded basement if it has a horsepower strong enough to remove the water faster than it is entering the room. If you have the wrong type or size of sump pump installed–or if your sump pump has failed–you may need to take additional steps to stop the flow of water or remove it manually.

There are a few possible sump pump drainage locations, including a neighborhood storm drain, into a creek or pond, or underground. Don’t let your sump pump water go into your sewer or septic system. Ideally, your drainage spot should be on a downhill slope that’s at least 10 to 20 feet away from your home’s foundation. Before choosing a location, check your local codes and regulations.