For house painting, acrylic paints are an excellent choice  They provide everything that a good paint should provide: smooth and even coverage, quick drying time, durability, and easy cleanup  Even acrylics, however, cannot correct such surface defects as badly cracked paint
Such conditions indicate some underlying problem, such as water damage, that needs repair
It is not a requirement of house paints that they correct surface defects such as badly cracked paint.