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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.

External pressure on the basement wall can cause it to bow inward. Soil, heavy with water saturation, is commonly the main culprit. The soil exerts immense pressure on the wall, causing it to fail, at least partially. This is known as hydrostatic pressure—these situations can occur after rainfall or simply due to regular groundwater presence and may be temporary or more permanent.  

Yes, it is generally unhealthy and can be dangerous to live in a damp basement. The damp air can negatively affect your breathing and lungs, and the moisture promotes mold growth and pest infestations. Inhaling mold spores or waste particles from insects and rodents attracted to the moisture can be hazardous. This damp, moldy air can also circulate into your main living area. It is crucial to resolve any moisture problems and implement preventative measures before using your basement as a living space.

A plastic vapor barrier should completely cover your basement to prevent water from penetrating through the walls. This typically goes before installing insulation to prevent moisture from building up and becoming trapped on the inside of your insulation, where it can collect and lead to mold damage. Installing insulation after the vapor barrier allows for any moisture to exit the walls for better ventilation.