Of course, purchasing a home that has water damage is risky – the excessive moisture might’ve caused safety hazards and structural damage in the house and might result in various problems down the line. However, you easily can restrict your possible loss and ensure your investment is going to be worth it if you take the proper precautions before you close the deal on water damaged home.
Ask for a Home Inspection
Step one includes determining the extremity and cause of the water damage. To do this, you must ask the existing homeowner or real estate agency you are working with some critical questions:
- Were the HVAC, electrical, and plumbing systems assessed for problems?
- Who did the remediation procedures and repair work (if applicable)? Are there any reports that show details of the restoration procedure? Was there any testing performed to confirm that no concealed damage remains, and the home was restored to an outstanding condition?
- Which actions were taken? Was the problem’s source repaired? How was the damage fixed?
- What type of damage was done and how serious was it?
- How soon was this damage seen? How long has the water been sitting inside the house?
- What was the cause of the water damage – a burst pipe, a natural disaster, malfunctioning appliance, or leaking roof?
Once you have received the answers to those questions, you must have the house assessed for underlying damage. Be sure you employ a certified professional who is able to offer a comprehensive water damage assessment, which includes the extent of the mold issue.
A skilled home inspector will have the ability to detect any concealed damage – structural problems, faulty pipes, foundation cracks, etc. and verify if there is any dry rot or mold. Your hired professional will need to search under carpeting, behind wallpaper, as well as inside small crawl spaces and might even have to open walls to locate any potential hidden issues and all possible hazards – a task that only can be performed by an expert.
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