Clean the interior of the basement using a power washer. Use hot water for best results and clean on a warm, dry day.
Open all windows. Allow the basement to dry for 48 hours or until all of the moisture is gone.
Patch cracks in the basement floor. Apply concrete crack filler into each crack, using a putty knife. When you are applying the crack filler, make sure you push the filler as deep into the crack as you can. Use the flat edge of the putty knife to scrape away any excess filler and smooth out the patches so that they are flush with the floor.
Allow the crack filler to dry for 24 hours.
Pour the water sealant paint into a tray. Paint all of the walls of the basement using water seal paint. To avoid unsightly drips, don't put an excessive amount of paint onto the roller. Paint all of the walls with an even, thorough coat of paint. If necessary, use a roller extension arm to reach the highest corners of the walls.
Paint the floor, starting at the corner of the basement farthest away from the stairs. Paint the floor with an even coat of water seal paint, painting your way toward the stairs.
Allow the paint to dry for 24 hours before walking into the basement.