Imagine coming across a home that ticks all your boxes, but then you learn there is water damage. Although such news may change your excitement, it doesn’t mean everything has to end.
Water damage in houses is sometimes manageable or may actually work in your favor for negotiating a better streamline. Still, there’s something you should do before moving forward. You can figure out if you still want the home by asking important questions.
Are the Root Causes Identified?
Make sure you understand first what caused the water damage. Was the damage caused by burst pipes, poor draining, uncovered cracks, leaking roofs, or just one big natural disaster?
Figuring out the main cause matters. If those problems aren’t fixed, you might see them again in the future. Ask for detailed reports or inspection papers, and if any worries arise, organize for your own home inspector to visit.
To What Extent is the Damage Caused?
Not every case of water damage is the same. In some places, the issue will be a stain on the wall, while in others, there could be actual damage to materials like insulation or the electrical setup.
Luckily, a respectable real estate company in Raleigh, NC, can assist you in checking the extent of the damage and letting you know if repair or replacement is feasible or too tough. Agents who specialize in real estate often understand how to deal with water-damaged properties. They can also help you get a bigger price cut if the damage is serious.
Which Maintenance or Repairs Have Been Completed?
Request the details of all repairs. Is the supply of the water now blocked at the source? Were broken things taken out and replaced?
Make sure to look through receipts, any notes left by the contractor or warranties. It will tell you something about how important the previous owners or sellers found the repairs and if they should last a long time.
Is There a Risk of Mold or Health Problems in the Home?
Mold is a dangerous result of water damage. Even though a home may look neat, mold might be hiding inside the walls and under floors. Check if mold tests have been conducted and make sure to see the results. It is essential for your health and that of future buyers as well.
Is the Structure Damaged?
Water can damage the foundations, floor joists, and load-bearing walls in a property. It’s more than just curb appeal; it affects the safety and stability of your house.
Hire a licensed inspector to assess the safety and stability of the property. If major problems are detected, it might be wise to either increase your budget for renovation or dismiss the property.
Concluding Thoughts
You can still consider purchasing a home that has water damage, but it needs careful attention and help from the right professionals. Finding out what to ask and what to look at can keep your investment safe and give you the confidence you need for your decision. This is where a real estate company comes in. An experienced agent can introduce you to dependable inspectors and contractors, assist with seeing the complete damage, and help during the negotiation phase.