Waterproof your basement without dipping into your savings
The day you notice a wet ring or standing water along the perimeter of your basement floor can be quite disconcerting. Deciding what to do next might feel overwhelming, especially if you don't have the number to a trusted basement repair company in your back pocket. Use this information to learn what steps are involved when you waterproof your basement.
Basement waterproofing is not only a good idea, it's a healthy one
Water coming in through your foundation means more than just damage to your belongings and the structure of your home. At the first signs of water, mold, mildew, and bacteria are beginning to spread inside of your home. These contaminants are not only smelly and unsightly; they are also unhealthy for you and your family.
Explore your basement repair options
There are many different ways to waterproof your basement that start with cleaning up your wet basement and include rerouting water and protecting your foundation. Some fixes you can do yourself, like making sure gutters are clean and flowing properly, adding drainpipe extensions to carry water away from the foundation, and adjusting the drainage system around your home. But if you do need a professional, it’s important to know what they may do so you can ask detailed questions about the methods and solutions that are being quoted. Be sure to take notes as the differences may be significant and you’ll need to be able to compare the different methods. Common methods for basement waterproofing include:
- Exterior repair: Exterior waterproofing requires excavating down to the footer of the home and fixing any tile issues that exist along its perimeter. While the foundation of the home is exposed, the walls should also be sealed, protecting them from future water seepage. This is the most permanent approach to basement waterproofing, as it works to stop the water before it seeps into the foundation, where it can cause mold and bacteria to form. However, even this method cannot stop water that seeps below the footer, a risk that can be addressed from inside the home.
- Interior repair: Interior fixes provide an alternative or complimentary solution for fixing a wet basement. To waterproof your basement from the inside, a contractor will typically open up a trench along the perimeter of the walls on the inside. Under the concrete they will then install a drainage system that funnels water into a sump pump, keeping water from seeping up and damaging flooring. If you have a finished basement or are looking into finishing your basement and you have ever had water damage in your home, this method may be recommended.
- Combination system: Some companies recommend a combination exterior and interior basement repair system. This system can work to address problems occurring both outside the house and inside.
- Cost considerations: The cost of waterproofing your basement will vary by contractor and may depend on a variety of factors including the size of your basement, the depth of your foundation, where your home is located, and the depth of the water table in your area. It’s wise to obtain quotes from several contractors or specialists before choosing one to ensure you’re getting a fair deal. Then when you know what the project will cost, you can apply for the right amount of home equity financing.
Secure financing to waterproof your basement the right way
Whether you have started planning to waterproof your basement in advance or are unexpectedly met with a wet basement, you may be wondering how to finance the repairs. A home equity loan or home equity line of credit from Citizens Bank can provide you with the funding for this larger, necessary home repair. Plus, it can give you the financing you need without dipping into your savings account. Contact a Citizens Bank Home Loan Advisor to learn more about the options available to you today.