Real estate is a smart investment since it holds its value well over time. But for it to last as long as it should, continuous maintenance is required.
Now, if you’re planning on selling your property, you can’t afford to sell off your property with maintenance issues because the buyer will consider the costs they’ll incur in fixing the property. This allows the buyer to request a lesser price during negotiations. You likely will be forced to sell your house below its potential market value simply because of a maintenance problem. So, if your property has water damage of any magnitude, it can certainly affect its value.
How Water Damage Affects Property Value
Water damage in the US isn’t only caused by things like tropical hurricanes or broken pipes. While those incidences have an impact on a property’s value, other less obvious types of water damage might also have an impact. For instance, most homeowners in Florida rarely need to drain water from a flooded basement. Water damage that lowers a property’s value is usually less conspicuous. Things like slowly dripping pipes in the kitchen and bathroom, and a leaking water heater is more likely to have lasting effects because they’re hard to detect.
If your property in Orlando succumbs to water damage, you need to contact water damage restoration services like Orlando water damage restoration or a comparable alternative in your locale as soon as possible. The key is to spot any water damage and have it repaired quickly.
Problems Caused By Water Damage
Water damage can certainly affect the value of a property. The following are some problems caused by it:
1. Foundation Issues
Your foundation may be harmed by water damage caused by a flood or busted pipe. Floods can permanently impair the foundation of a home with a basement. So, foundational issues shouldn’t be allowed to persist because they worsen over time.
Also, note that foundational damage will likely be the costliest aspect of repairing water damage to any home. Water isn’t always the source of foundation problems, but it usually worsens them rapidly. Early detection of any foundation problems lowers the cost of repairs.
2. Structural Issues
Your home’s structural integrity may be compromised if a storm or flood results in significant water damage. You may lessen the decline in your home’s value by identifying and fixing these structural flaws in the walls, floors, and ceilings. Inspect your home for signs of structural damage, such as sagging beams, wall cracks, or rotting wood. It’s best to have a qualified home inspector handle this for you.
3. Mold From Water Damage
There’s a possibility that mold will start to appear in the walls and carpets of your house due to the excess water brought in by a flood or sewage backup.
In addition to being unhealthy for you, mold softens building materials in your house and weakens the insulation, drywall, and studs in your walls over time. Mold creeps through the drywall and wood in your home as it eats its way through them. To get rid of any mold in your house, call a water damage restoration company as soon as possible. The quicker the mold is removed, the better.
How Water Damage Restoration Can Preserve Property Value
Water restoration firms provide a range of services to help you get your property back in shape after a disaster. The first stage is to remedy the structural issues with the walls, ceiling, floors, and fixtures. Any mold that develops in the carpet, drywall, or insulation must be removed before the house is suitable for habitation. Then, any foundation problems brought on by the water damage are addressed and fixed to guarantee the integrity of your home’s structure.
Also, if mold is discovered during the inspection, the disaster restoration company will need to treat your house to get rid of it. This phase in the restoration procedure is essential since mold could affect your health. Mold remediation entails stopping the overgrowth of mold in your home’s walls, ceiling, and flooring. Mold emits airborne spores that are dangerous to your lungs and must be eliminated to remove the extra spores from your house.
Since mold is technically always in the air, you can’t simply remove it. But the mold in your home can be reduced or remediated.
Water damage can certainly affect the value of a property. So, it’s extremely important to act fast once you’ve detected water damage at your property to prevent serious problems. Look for a water damage repair company near you, and they should be able to rectify the situation as best as they can. They can inspect your house for water damage, determine the degree of the damage, and provide you with an estimate for the cost of repairs. They specialize in mold treatment and water damage repair, ensuring that your house is fit for habitation after water damage.