Water damage is bad enough on its own. It disrupts your life, threatens your health, and can require costly repairs. A product of water damage and restoration costs that is often disregarded is how they can diminish the value of your home. Unsightly water damage marks can quickly reduce the value of a home by thousands and thousands of dollars. In the long run, this is a far more serious consequence than dealing with the actual flood itself.
At Rumsey Construction of Augusta, we are here to help you prevent this from happening. Here are three ways that water damage can reduce the value of your home and cause major restoration costs.
Structural damage resulting from a flood is probably the most destructive way that water damage can reduce the value of your home. Depending on the type and location of the structural damage, the necessary repairs may be minimal or in the thousands. Either way, prospective homebuyers are understandably reluctant to buy a home with structural issues from water damage so your best option financially is probably to repair the damage before selling. This can be frustrating since the actual damage may not be too severe, but getting to it (if it is in your walls or ceiling) can increase your expenses significantly.
One thing everyone wants when buying a home is for the home to have a solid foundation. With a damaged foundation, prospective homebuyers will be understudied and reluctant to invest. Water damage typically affects your foundation as water seeps into the cracks and holes of the concrete foundation and freezes and expands, making the cracks even bigger. You should have your foundation inspected by a professional if you are concerned about this happening in your home. Even if you don’t have any specific concerns, it’s also a good idea to do this if you live in an old home since there may be major problems with the foundation you just don’t know about.
Mold is one of those problems that always appear at the most inconvenient times, and almost everyone deals with it at one point or another. However, the last thing you want is to have mold in your home when you are trying to sell it, as that is a major turn-off and can significantly reduce the value of your home. To prevent this issue from occurring, make sure you prevent any moisture pockets from developing in your home and contact a mold remediation specialist as soon as you get a whiff of a potential mold problem. If you notice even a small amount of mold somewhere in your home, there is a good chance that is in other places, too and the problem is more widespread.
At Rumsey Construction of Augusta, we know what is at stake when dealing with a water damage disaster. We will be there to help you maintain your home’s value despite the water damage or restoration costs that occurred.