The Impact Of Mold On Home & Property Value
Educate yourself on what it means to have mold in your home.
You may have heard a lot of people talking about having problems with mold in their home.
Besides the effects it can have on your health, the presence of mold in a home can be a major damage issue, decreasing its value. People usually avoid and are turned off from buying places that have potentially harmful issues.
Mold is a name that is given to a different form of fungi that can grow in a certain conditions. The major reason behind its growth includes the presence of moisture. Moisture typically gets into the houses that are either badly constructed, have air conditioning systems that are not working property, and/or result from water leaks.
Getting Rid of It
The market is full of different mold removal methods which can be utilized to treat a property and restore it back to a safe environment. Moreover, there are a lot of different types of mold that can affect a house at a single time. A common type is Stachybotrys or commonly referred to as black mold by the media. There are different methods that can be used to safely remove mold growth from a home. Depending on the circumstance, you can read our step by step instructional guide “DIY Mold Removal” for any small issues that may be present in your home.
Negative Impact on Home Sales
The presences of mold will undoubtedly affect the current market value. The market does not accept a place that has defects which need proper treatment. Moreover, mold can be considered a major issue that can occur during the due diligence process of buying a home. Because of its countless potential health dangers, mold growth needs to be treated as soon as possible. Any property that is infected with black mold will not be a healthy place to live. If its presence is detected in a house, there is less of a chance that someone will buy that property because the air quality is poor, thus driving the home value down. Whether your the buyer or the seller, it is your duty to inform the other people about the known defect in the house.
In a case where the presence of mold is found, the buyer and the seller typically will negotiate on the price and have the repairs done either before or after closing on the property.