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How Much Does Water Damage Affect Home Value?
How Much Does Water Damage Affect Home Value?
June 11,2023

How Much Does Water Damage Affect Home Value?

When buying a new home, what would you want to check as a potential homeowner? Probably the overall condition of your home, how safe it is, how secure it is, and whether it will need frequent repairs from various parts of your home in the future as well as its history of any disasters like fire or flood. When water damage hits your home, even after the initial cleanup and restoration take place, it is going to have serious consequences in the long run. That's because water damage can mess up the structural integrity of your property. So, yes, water damage does affect the value of your property. And unfortunately, this doesn't only happen when there's a massive flood inside your home; many different types of water damage impact the value.

How Much Does Water Damage Affect Home Value?

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The following types of water damage reduce a home's value:

  • Warped walls and ceilings: Two of the best locations to see if water damage can reduce your home's value are walls and ceilings.
  • Damaged carpets and flooring: If the carpets are damp, this indicates an unresolved moisture problem in that house which is most likely due to water damage, so it's a very big red flag for future homeowners as well. 
  • Mold: where there is moisture, there is most likely mold. Most of the time, an unresolved mold problem around various parts of the home indicates an unexplained source of moisture, which often turns out to be due to leaks.

So, what happens if you know of current water damage and don't take early action? Well, a few things.

Mold usually accompanies various health problems, especially the ones related to the respiratory pathway. So, you and your family members might experience symptoms such as asthma, skin rash, stuffy nose, wheezing, and coughing.
Water has a nature of seeping through every hole and cracks it finds. So, naturally, various systems of your home will be directly exposed to water in case of water damage, the most common being the electrical system. Water can damage various parts of your electrical system and cause irreversible damage.
As time passes, water will settle into your home's foundation and make it even harder to restore. After some point, the damage will become permanent, and that's when the value of your home is at serious risk.

Best Way To Avoid Further Damage

In summary, water damage does affect the value of your home. However, the most important point is saving your home with minimal damage when water strikes. To do this, acting fast is the most important point. Every second you procrastinate calling a professional company for water damage cleanup, water further advances inside your home. However, if you act fast by calling the professionals of Tidal Wave Restoration, this doesn't have to be the case. Our team can respond to your emergencies 24/7 and will immediately send a team to your home for inspection. After the initial cleanup process, we will start the water damage restoration process. We know time is essential, so we act fast and use the latest technology to save your home. Call us if you need emergency water damage services right away.