A Buyer's Guide to Water Damaged Homes

Rachael Eslao • October 6, 2021

A Buyer's Guide to Water Damaged in Rockville, MD Homes

Water damage in a house makes it risky to buy. The dream Rockville home doesn't have to be torn down, but you must be informed before the deal is closed. 

 

If you are thinking about buying a property with water damage, you should have it inspected first. An experienced home inspector can provide you with an in-depth report on mold growth and water damage. Various methods are used by home inspectors to determine whether a property has been damaged by water, including hidden damage, structural problems, cracks in the foundation, and leaky windows.

 

The next step would be to make sure you get an estimate from a contractor for the cost of fixing the damage, controlling the mold, and making your home safe for you and your family. Hire a restoration company that has all the services that you are looking for. This will help keep the costs down, by using one company for as much of the work as possible. Be sure to do your research about the company you pick, this is a huge investment and you want the very best working on restoring your dream home. 

 

After obtaining a repair estimate, it's time to determine how much remediation and repair will cost. You will need to invest a lot of money in your new home. You must also consider the amount of water damage and mold that exists. The inspection report should be reviewed thoroughly. Make sure you have all your questions answered. You should rethink your bid and resend it to your agent after answering all your questions and feeling like you understand your situation. It is important that the contract for water damage costs is accurate and all agreements are in writing. Consult a lawyer if you have any questions about the contract. 

 

When you're finalizing your home purchase, you'll want to review your home insurance options. Water damage and mold are examples of when comprehensive insurance becomes necessary. Get quotes from a few insurance providers in your area in case the prior water damage occurs again. It might not be worth investing in this house if insurance costs are high or coverage is limited.

 

Home damage caused by floods or other disasters can be severe. You can start the restoration process by contacting Restoration 1 of Rockville for an accurate assessment.

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