Water Damage and Home Value: Causes and Solutions
An outdated roof, poor curb appeal, and structural problems are all obvious problems that decrease a home’s value. However, many lesser-known issues can impact the price buyers are willing to pay for a house. One of the sneakiest causes of house value depreciation is water damage.
How much does water damage decrease a home’s value?
The answer depends on several factors, but the extent of damage is the primary concern, with the cause being the next. Fortunately, homeowners in Austin can minimize the impact on their house’s value by seeking professional
water damage restoration services in Austin. This blog will detail the different types of water damage and how they impact home value. It will also provide more information on which water damage repair services can protect a home’s worth.
Different Types of Water Damage That Impacts Home Value
A real estate home inspection can uncover hidden water damage problems caused by leaking faucets, broken pipes, or other plumbing problems. When this happens, the value of a house plummets. In order to recover the value that was lost, a water damage repair will have to take place before selling.
Plumbing isn’t the only culprit, however. Water damage can also be caused by storm damage or appliances. Regardless of the cause, water can lead to many types of damage. The following are just a few examples that can impact a home’s value:
- Structural Issues: Water can compromise walls, warp flooring, rot wood, and damage other critical structural components. Not only does this make your home unsafe, but it also drastically reduces the price buyers would be willing to pay. After all, who wants to spend a lot of money on a home that will cost more for repairs?
- Foundation Issues: Severe water damage from flooding or burst pipes can lead to foundation problems if not cared for properly. This is especially true for flooded homes with basements. Untreated foundation problems can worsen and lead to a considerable drop in home value.
- Mold Growth: Undetected or untreated water damage can lead to mold growth in hard-to-see places. As the mold continues to spread, it can lead to many other problems and expensive repairs, all of which impact the value of a home.
Read about the average cost of water damage restoration.
Water Damage Restoration Solutions to Protect Home Value
With the help of water damage repair experts, a home’s value can be salvaged. A restoration company can offer the following services to prevent a significant drop in any home’s resale value.
Structural Repairs
Not only can water damage restoration crews remove water, but they can also repair any structural damage. Whether it’s a hole in a roof from a severe storm or collapsed ceilings from a pipe burst, their contractors can take care of removing and replacing any damaged building materials.
Repairs for Water Damage Cause
A water damage restoration crew can also repair the cause of any water damage, addressing causes of water damage such as broken pipes, damaged faucets, or leaking appliances. By improving the cause of the problem, they can prevent any significant loss in home value and safeguard the property from future issues.
Mold Mitigation
Water damage restoration crews thoroughly dry every affected area of a home. They also use disinfectants to clean surfaces that could have lingering bacteria. These steps help to prevent destructive and dangerous mold growth.
Ask About Water Damage Repairs That Can Prevent a Decrease in Home Values
Additional information on water damage repairs is just a phone call away. Homeowners can learn more by calling Texas Certified Restoration at (254) 312-2692. Their team of experts offers free, in-home estimates for their restoration solutions so that homeowners can learn more about the cost of their repairs.
