How To Sell a House After Water Damage
Selling a house that has suffered extensive water damage can be challenging. The effects of water damage caused by flooding, leaking pipes, or groundwater can affect the building’s value. Additionally, suppose you plan to sell your home. In that case, it is good to remember that the potential buyer will arrange an inspection, and signs of water damage can put them off. So, what can you do to get your house in a sellable condition after water damage?
This article explores several options for selling a water-damaged home for the best price possible.
The Effects of Water Damage on Residential Properties
Unfortunately, the hidden problems caused by excessive moisture can linger for months or even years after the water has gone. Some issues to be aware of include hidden mold growth, rotted wood, damage to the foundations, and electrical damage. So, before you sell a house, it’s vital to be aware of these issues.
4 Ways To Sell a House After Water Damage
If your home is flooded, it’s vital to call in a local company specializing in flood damage remediation and repair. However, despite a complete cleanup, there are still some steps you must take if you want to put your house up for sale. However, the good news is that it’s possible to sell a house after water damage.
1. Take immediate action after a flood
If water damage has occurred in the last few hours or days, take immediate action. Rapid water damage restoration can save you time and money in the long run. Professional water damage restoration services typically take the following steps:
- Use a water pump or wet/dry vacuum to remove standing water.
- Dehumidify the area using professional equipment.
- Use advanced drying equipment to thoroughly clean and dry the property.
2. Always make a full disclosure
When selling a house after water damage, it’s vital to make full disclosure. Even after a complete restoration and no signs of water damage remain, it’s best to inform potential house buyers. For example, state laws in Texas say that sellers must make full disclosure in writing regarding flooding and water damage that wasn’t due to a flood event.
3. Decide on the best home repairs
When selling a home with obvious signs of water damage, your biggest decision will be to choose the appropriate repairs and renovations. The most crucial improvements are mold remediation, restoring flooring and carpets, repainting walls, and replacing damaged furniture.
4. Be prepared to drop the price
Unfortunately, extensive water damage affects your property’s value. Therefore, to sell a home after a flood may mean lowering your asking price or accepting a lower offer. However, the value of your home after water damage depends on three things:
- The extent of the damage.
- If there are further risks of flooding remain.
- If flood insurance is expensive in your area.
Water Damaged Home? Call SERVPRO for Help ASAP
Even if you are not planning to sell a home soon, it’s crucial to act fast if your home has been flooded or you notice mold. Call SERVPRO of North Irving today — your local Dallas water damage restoration experts. Our highly trained water damage specialist can assess the damage and arrange for complete restoration.
Call us anytime day or night at (972) 986-7677.