Whenever you try to sell your house, there are many things that can affect its value. People would always take their time to check if the home is in good condition before committing to paying for it. One of the things people look at is if the home has experienced water damage or not. In case there was water damage, was it repaired right?
The quick answer is that water damage will reduce the home value. The extent to which the home loses value is based on the damage experienced and if the repairs were done right. If you do a quality job repairing the home after water damage, then you may end up increasing the home value than before.
Water Damage Types That Reduce the Home Value
Water damage can be in different forms and each would affect the home value differently. Here are the most common damages you may come across;
Structural issues arising from water damage are the worst. This means that your home structure would be compromised. The restoration company has to find and repair the structural compromises to make the home strong again.
The compromises can be in the floors, walls, crawl spaces, and ceilings. These are easily noticeable, so you have to get them repaired professionally.
Most people would be looking out for rotting wood or ceiling, wall cracks, broken electrical fixtures, and sagging beams. Also, your home would generally look unsafe even to live in after such damage.
Foundation water damage
Sometimes floods or a burst water pipe may lead to foundation damage. This would mostly come from the basement pipes. Considering how a foundation is important for your home, it is vital to ensure the repair is done fast and professionally.
Foundation water damage will often be the most expensive repair to handle after water damage. However, if you can have a restoration company check out the property after flooding can help keep the damage minimal.
People love taking up DIY projects in their homes, however, do not attempt such with foundation. The water damage restoration company is your best bet to get the job done right. Such a company would have all the right equipment to do professional repairs.
Mold due to water damage
All types of water damage are likely to lead to mold development. It does not even take long as you can start to see mold developing in your home in like a week. So, you should take the necessary steps to keep the mold from spreading.
Mold would mostly develop on the walls and wet carpet. So, if your carpet was also damaged in the floods, let it be restored professionally to keep mold from developing.
Mold should not just be removed for improving the value of your home, but also to improve your health. Yes, mold is bad for your health. Regardless of the type of mold that might be in your house, it is not good to keep it around for long.
Mold would also soften the materials in the house. An example is a drywall and insulation. As you can see, it makes the house lose its integrity too with time.
Get Repairs Done By a Professional Company
Only a professional restoration company will do a good job of improving the value of your home after water damage.
A good example would be looking at the structural repair process. The first step would be to remove all the damaged wood, carpet, and drywall. These materials should be replaced as soon as possible since they are vital for the home’s overall structure.
Mold remediation is also important to do it right and fast. The process involves removing the overgrowth of mold on the walls, ceiling, and flooring of the house. It is not about removing the mold, but also ensuring it does not reoccur. It can be a stain on your reputation as an agent if you sell substandard homes.
Most of the time, the foundation issues are not always caused by water damage. However, it can still worsen the situation. So, even before water damage, have your foundation repaired in time in case you notice there is an issue with it.
So, water damage can lower your home value, but the repairs you undertake will always help improve the value once again. Do it right and the home would be more valuable than before.