This question comes up fairly often.
Here’s 4 things to think about:
1) If it’s new to you and 50+ years old, wait at least 12 months after moving in.
This lets you see how it does through all 4 seasons so you know what to expect before covering up your foundation walls.
2) Take pictures of your foundation walls.
These before pictures let you prove you aren’t trying to hide anything behind the drywall when you sell the home.
3) Slope the dirt away from your foundation and extend any short downspouts at least 6 feet away.
This reduces the chances of future moisture penetration by about 90%.
4) As an extra precaution, add a sump pump with a battery back-up system.
This will remove water from under the foundation and keep it out of your basement, even if you lose power.