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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.

Whether to waterproof your basement from the interior or exterior depends on several factors, including your budget.

Exterior waterproofing is generally considered the superior method because it stops water at the source, preventing it from seeping into and damaging your basement walls. This approach offers the most protection, making it ideal if you use your basement for storage.

By contrast, interior waterproofing is often less expensive and requires less labor because the area is more accessible.

For maximum protection against water leakage and moisture, applying waterproofing measures to both the inside and outside is the best solution. However, if you must choose only one, stopping water from the outside is the most effective approach to preserve your foundation and prevent damage.

You can DIY basement waterproofing in some ways to help save on the overall costs. If your basement isn’t experiencing a lot of water but is noticeably humid, you can try running a dehumidifier that will pull the excess water out of the air. If you notice water leaking due to outdoor drainage issues, you can add downspout extensions to keep rainwater away from your home. 

However, if the problem is more severe and requires a more extensive solution, it’s best to call a basement waterproofing professional to assess the treatment you need and install waterproofing safeguards properly. Since keeping water out of your basement is important, ensuring this job is done correctly the first time is best.

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.