Does water damage decrease my home’s value?

If you are in the market to sell your home, you know how important it is to ensure everything is in top shape and looking its best. Even something small could cause you to lose out on a sale or have to take less than what you originally wanted. One of the best things you can do when trying to sell your home is to go everything beforehand to ensure nothing is needed. After all, a potential buyer is going to have someone come in and perform an inspection anyway. Why wait for them to tell you something is wrong before fixing it?

For example, water damage can cause you to lose out on a deal and make you spend more time and money fixing the problem than what’s needed. The best thing you can do is to eliminate water damage issues before listing the home to ensure there aren’t any underlying problems come inspection time. 

If you let water damage go, it can cause mold to form beneath of the surface. Mold damage can cost thousands of dollars to correct. Any buyer is going to use that to their advantage when making an offer on your home. If everything is in top shape and working properly, that isn’t going to be an issue. You will be able to go through the inspection process with ease knowing that there isn’t anything that you weren’t aware of before selling your home.

If it is going to cost $30,000 to fix the mold and water damage in your home, you can bet the value of the home is going to be decreased by that same amount. Homeowner’s insurance is designed to help you take care of these types of issues, so why not put it to work for you? By submitting the claim to them, you are only responsible for the deductible and nothing more.

Protecting the value of your home is crucial, but it all starts with you being proactive if something comes along that requires further attention. Don’t wait until it’s too late and you end up being left to foot the bill. If you aren’t sure what to do, turn to a professional water damage expert to determine what needs to be done. Give us a call to schedule your appointment today.

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