Should I Buy a House with Water Damage?

3/19/2019 (Permalink)

Should I Buy A House With Water Damage? (H1)

 Find out whether it is worthwhile to invest in a home with water damage, and how to make a wise, profitable decision regarding this matter. 

When you are in the market to buy a house, there is so much to consider in order to make a long-term profitable decision. So, what happens if you come across a lovely home in a great area, but the interior or exterior shows signs of water damage? Do you take the plunge and make an offer? Or do you continue your search elsewhere? We investigate below:

• Yes Or No? 

Many people may be surprised to discover that water damage is not always as big a deal as expected. Unless the water damage is extensive, it should not be the only reason as to why you might pass on buying an otherwise perfectly livable house. This is because many companies, like SERVPRO Mendocino County, offer affordable water damage restoration services that will aid in getting your new home looking as good as new in no time.

• Home Inspection

Having said that, it is important to investigate just how bad the water damage is, along with the root cause of it. Some water damage may be easily restored, but if the cause of it is a faulty piping system, for example, buying the house would be a risky and expensive decision. It is also important to ask the sellers the following questions before coming to a conclusion:

• How long has the water damage been there for?
• What, if anything, has been done to rectify the problem?
• If they have paid for a water damage restoration service in the past, what was the name of the restoration water damage company that performed it?

• Insurance 

Before making the decision to invest in a house with existing water damage, it is also essential that you speak to your future home insurance company about it. What are they willing to cover in terms of restoration costs, if anything? From there, it is also worthwhile to call on a water damage restoration company to provide you with an estimate for water damage repair. This will give you a good idea in terms of what to expect should you make an offer to purchase. Also, do not forget to negotiate a new purchase price for the house if you feel it is unfair considering the water damage, and in line with the estimate provided by the water damage restoration company. Many sellers will be more than happy to oblige if it means making a sale!

For more information about water damage repair in Willits, don’t hesitate to contact the experts at SERVPROMendocino County!