How Much Does Mold Devalue a Home?

12/28/2020 (Permalink)

Mold can cause your home to lose its value!

Mold can permanently affect the value of your home

The sad part about mold damage is that it can have a permanent adverse effect on your property's value. Even if you do your best to fix the mold problem in your property, there is a high chance that your property's value decreases because of it. It is essential to hire mold damage professionals to help you out with the mold problem in your home or workplace to minimize any further loss or damage.

What Is Mold?

Mold is a prevalent problem that affects many properties across the country. The nasty fungi can quickly infest poorly constructed and older homes, especially if they are near any sources of moisture. These organisms include Stachybotrys, chartarum, and black mold, which continuously spread all around the property due to its shedding microscopic spores. Not only do these spores help reproduce mold continually, but they also cause an infestation in the property. 

SERVPRO will help you get rid of mold from your home or workplace so that you can have a healthier environment and a more robust structure.

How Mold Hurts The Value Of Your Property

Not only does mold harm the structure of the property, but it also hurts its value. The loss in value is so significant that a home can lose up to 50% of its value.  

Well, it should not be much of a surprise to anyone. Would you be willing to buy a house, no matter the size, if it is severely infested with mold? Would you be ready to live in a place that has damage to the structure and may create home insurance problems? The reasonable answer would be no. So, when there is little to no demand for a property, the value automatically devalues. 

On the other hand, if you keep the property in perfect condition, repair water damage quickly, you can still maintain your home's value.

Other Problems With Mold

Here are some more issues that you are likely to face because of a mold infestation in your home or workplace:

Mold Removal Becomes Costlier Over Time

Mold spreads quickly due to its spores flying all around the property, especially if there has been some previous water damage or you live near a source of a lot of moisture. The expenditure on the damage restoration will include the following expenses:

• Unpleasant odor removal
• Visible mold spores removal
• Peeling wallpaper
• Dark and nasty spots on your walls

With all these signs and the costs of fixing them, the overall expenditure increases drastically.

Mold Can Spread Without You Even Realizing

Another unfortunate thing about mold is that it spreads rapidly, often without even realizing it. If you think there has been some recent water damage that was not fixed by professionals such as those at SERVPRO, you must look out for any mold signs. Typical places for mold growth include growth on walls, in cupboards, under the floor, and all over other surfaces around the property. Spores can even start attaching to clothes and other fabrics in your house, continually damaging them.

Choose The Right Mold Damage Restoration Company

When it comes to the best mold damage restoration company, you need the one you can trust and have complete peace of mind. Our team of certified mold damage experts has the required knowledge and state-of-the-art equipment to ensure the best quality work in as little time as possible. So, what are you waiting for? Give us a call and let the specialist at SERVPRO of South Cobb help you out with your mold problem!

Call us at: (770) 739-2355.