How to waterproof a basement with This Old House

Watch this video from This Old House to learn how waterproof a basement.
Steps:

1. Fill cracks and holes in concrete walls and floors with hydraulic cement.
2. Apply a coat of waterproof masonry cement to inside surface of basement walls.
3. Attach flexible extensions to ends of downspouts to carry water away from foundation.
4. Dig trench directly below downspout for 4-inch-diameter PVC pipe.
5. Connect downspout to PVC pipe.
6. Install a drywell at opposite end of pipe to catch and disperse rainwater.