Due to their location, basements are naturally prone to take on water. For instance, you may notice your basement walls becoming moist from time to time or water puddles forming in different areas of your basement. And if your basement is constantly damp and humid, this can later on cause the paint to peel, the wood to rot, or mold and mildew to grow.
Concrete foundations are generally strong and durable. In fact, they can remain intact for several decades without requiring repairs or modifications. However, this depends on a number of variables, such as the geology of the site where the home was built, the local weather patterns and the quality of maintenance a foundation has received through the years.