The value of your home is very important to you, there’s no doubt about that. This is especially true when it comes time to sell your home. You can do all of the work you want to it to make it look pretty, but if you have a leak in your basement that’s causing flooding and water buildup behind the walls, it’s going to ruin the structural integrity of your home, making it hard for it to sell. Here’s how you can handle water damage and make your home ready for the sale.
Do You Have Water Damage?
Water damage in your basement can be hard to detect, especially if you don’t go down there very often. It would be rather embarrassing to be showing your home during a potential sale and your buyer sees that there’s water staining on your walls-oops. In order to avoid that, here’s what you can look for.
This one is pretty obvious. If you can see a water stain, you have water damage. If it suddenly pops up, you need to contact a professional. Get them into your home as soon as you can and figure out where that water came from.
Do You Smell Something?
If you’re smelling something musty and earthy, this is a sign that you have water damage somewhere and it’s been there for a while. Damage and moisture that lingers is a breeding ground for mold, which isn’t good for your home or your health. Luckily, the professionals can help with this as well.
Buckling Floors & Walls
This is another one of those obvious signs. If your floors and walls are starting to become mis-shapen, this means that they‘re absorbing a lot of water, making them swell. This is one of those things that could make your home vulnerable to further structural damage.
Peeling Wallpaper & Tile
If you’re noticing your wallpaper isn’t sticking to the walls anymore or the tiles are starting to loosen or pop up, it’s possible that there’s water coming in somewhere and it’s getting behind the paper and under the tiles.
How Mold Affects Property Value
What does mold have to do with your home’s property value? Well, you see, not only does mold affect the appearance of your home, but it also may give your potential buyers fear for their health. Although it may not completely ruin the sale, but it will decrease the amount you’ll get from the sale. This is because part of the overall value of the property is the perception of it. Are you going to want to pay top dollar for something that smells like mold? Probably not. If you still want to get as much as you can, even though there’s an obvious mold and water damage problem, here’s what you can do:
Check The Mold Disclosure Law
Mold disclosure laws vary from state to state and have their own regulations, but you can check with your real estate lawyer or realtor to avoid legal problems.
Repair Water Problems
Mold indicated water and moisture problems. Drywall that have been saturated in water has to be replaced, or the walls will start to buckle. If you try to paint over the mold that has formed, it’s just going to come back the more the water leaks into the walls. Those who are going through your home looking to buy it are going to look for small issues that they can use against the sale price.
Check Hidden Spaces
Attics and crawl spaces are perfect spots for mold to grow. These are also spaces that inspectors will check during the sales transactions that can halt the sale or even lower the price during negotiations. It’s best that you check these areas yourself and fix the issue.
Water damage and mold are terrible for the sale of a home if they aren’t disclosed to the buyer first. If they see the issues after they have already placed their bid, they can keep lowering their bid if they’re the only one making an offer. Keep your home maintained and the value high so that you can get every penny’s worth.