With a little time and effort, a Goode cheap water sealer is white cement. You 
mix the white cement in water, making a wallpaper paste like substance. Brush 
it on with a wallpaper brush. After a few days, paint the walls with a good 
latex paint or leave it white. Was taught this by a old cement contractor and 
did use it in a few rentals I had and did it seven years ago in our new home. 
My wife did paint the walls and of cement blocks after sealing them with this 
mixture.
RJ

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