The quick answer is yes. We've had terrific success with waterproof coatings in basements. However, meticulous preparation is required; the coating cannot block water unless it can strongly adhere to the stone. And we always recommend that you start by regrading the landscaping and installing or upgrading downspouts and gutters. Waterproofing works by forming a protective layer over the surface of the basement wall. This layer prevents moisture from reaching the wood frame of the house and causing rot. It also helps prevent flooding from occurring in the first place. Basement waterproofers are usually applied as liquid paints that dry into hard, durable films. They can be purchased home improvement stores and can be used on all types of surfaces including brick, concrete, stucco, and wood. In addition, these products can be used to protect swimming pools and other water-based structures such as hot tubs and saunas. The best way to ensure that your basement is protected against water damage is by regularly monitoring the area for cracks or other defects and repairing them before they become large enough to allow water into your basement. Cracks can be caused by changes in temperature or humidity between the interior and exterior walls of your home. When this happens, water may be able to seep through the wall at those points where there is a change in material quality or thickness.