When Purchasing a Fredrick, MD Home with Water Damage

Houses that have water damage are risky to buy. Your dream home in Fredrick doesn't have to be tossed out, but you need to be informed before you close the deal. 

If you are considering purchasing a property that has water damage, you should have it inspected first. Licensed home inspectors will provide you with a detailed report on water damage and mold growth analysis. Home inspectors use various methods to determine whether or not the property is damaged by water, including hidden damage, structural problems, cracks in the foundation, and leaky windows.

Next, contact a contractor and get an estimate for the costs of repairing the damage, dealing with the mold, and making your home safe and stable for you and your family. Be sure to do your research when looking for a restoration company. Having one company be able to do all the work will save you the headache and money in the long run.

Once the repair estimate is acquired, it's time to evaluate what the remediation and repair costs will be. A lot will depend on how much money you have to invest in your new home, as well as how much water damage and mold you have. You should carefully examine the facts and thoroughly review the inspection report. Ask all of your questions now. Having given all your questions and having felt that you understand your situation, you should rethink your bid and resend it to your agent. The contract regarding water damage costs should be accurate, and all agreements should be in writing. Any contractual terms that need clarification can be discussed with a lawyer. 

It's a good idea to review your options for home insurance before finalizing your home purchase. Water damage and mold are instances when comprehensive insurance becomes a necessity. Get a quote from a few insurance companies in your area to find out if the prior water damage is covered if it happens again. In the event of high insurance costs or limited coverage, you may mean that buying this home is not the best investment.

Water damage or other disasters can severely damage a home. Contact Restoration 1 of Fredrick for an accurate assessment so you can begin the restoration process.