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The four most common types of stormwater drainage systems are ditches, catch basins, french drains, and slot drains. Ditches are open trenches designed to reroute stormwater off your property. Catch basins are connected to your local sewage system. French drains are great for keeping water out of your foundation, and slot drains are low-capacity drain systems that work best with light storms.

Several factors can impact the cost of waterproofing your basement. Some of the most common cost factors include:

• Location

• Square footage

• Cause of the water leak

• Type of foundation

• Accessibility

• Waterproofing method

• Materials

• Contractor experience and availability

• Engineering reports, if needed

• Structural and other repairs

• Permits

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.

There are several small, inexpensive upgrades you can make to upgrade your basement. Although you still need to adhere to building codes and obtain permits when necessary, you can complete small but mighty tasks like painting the masonry walls and installing entertainment devices to make the space more usable.