There are many factors that impact the value of your home. You may not realize but basement problems drastically impact your house’s value.
If your house is affected by basement problems, it is likely to have a much lower value on the market. Here are some of the key reasons why basement problems undermine the house value.
Decreases Home Value Due to Repair Cost
Basement problems can be costly to repair depending upon the nature and extent of the damage. The cost towards repair of basement problems will need to be paid either by the owner or the buyer. This means that the current owner will lose on the home resale value at least to the extent of the repair cost. It is suggested to keep checking for basement problems regularly and when you spot something, you should seek professional support from Atlanta’s American Crawlspace Solutions.
Visual appeal plays a vital role in influencing potential buyers and fetching a good price for a home. Basement problems can lead to excessive moisture and humidity which can cause problems like dampness in the walls, stains in the walls and ceiling, sagging floors, and mold growth. These problems can reduce the visual appeal of the house drastically and make the house unappealing to potential buyers, which reduces the resale value considerably.
Causes Other Related Problems
Ignoring basement problems and not getting them repaired immediately can cause other major problems including mold growth, sagging floors, and compromised insulation. This will deter the potential buyers and reduce the resale value of the house significantly. Repairing basement problems as soon as they become visible is a better strategy to protect the resale value of the house.
Mold Growth Reduces Home Value
Basement problems in a house can lead to excessive humidity and moisture. Such humid environment is the perfect setting for allergens like mold to thrive in. Each state has its own specific regulations pertaining to mold disclosure. Some banks will not even provide mortgages for homes with mold issues. Moreover, mold is visual unappealing and is widely known to adversely affect health conditions.
Hence, mold growth can scare the potential buyers away or they may pay much lesser price for the house. You should get the mold removed by contacting American Crawlspace Solutions for our professional mold removal service. We can help protect the resale value of your house.