How Water Damage Affects Your Property Value

One of the biggest concerns our clients have after water restoration has been completed is if the damage can negatively impact their property value. 

If you’re able to address the water damage immediately and have it handled by professionals like Lake City Restoration, you can relax knowing that your property will be restored completely. 

However, if your property has sustained water damage slowly and you’ve only just realized it (for example if a pipe had a slow leak that only just now started showing visible damage) or if you’ve put off addressing water damage, it can seriously impact your property value.

Immediate Water Damage

Depending on the source of the water, your home can sustain immediate damage. For example, burst pipes, overflowing appliances like washing machines, storm damage, and more cause immediate, visible damage.

When this happens, it’s vital to address it immediately. Learn more about the steps to take when water has damaged your home.

Delayed Water Damage

Unfortunately, often water damage can be hidden. Slow leaks or appliances that are slowly deteriorating could be causing water to seep into your home for weeks or even months before it gathers enough water to notice.

This is the type of water damage that can be more dangerous as it can be continually damaging your home’s foundation and structure or causing mold to develop, spread, and threaten your home’s safety.

The Impact Of Water Damage On Your Home

Water damage can be catastrophic to your home in ways other damage is not. Fire damage can obviously wreak havoc on your property, but water damage is just as dangerous.

Water damage leads to mold development, structural damage, electrical failure, and more. Even a small leak can cause large-scale damage to your home. If you put your home up for sale and water damage is discovered during the inspection process, you risk losing thousands of dollars on the sale or losing the sale completely.

You don’t have to suffer dramatic flooding of your home to sustain a dangerous, expensive level of water damage.

The following signs of water damage that can decrease your home’s value are:

• Mold and Mildew
• Electrical System Failure
• Stained Ceilings
• Warped Floors
• Damaged Carpets
• Rotting Wood
• Sagging Support Beams
• Foundation Cracks

Catch These Common Causes Of Water Damage

We recently wrote a blog post that lists the top causes of water damage, so definitely check that out here.

• Severe Weather
• Plumbing Leaks
• Clogged Gutters
• Leaking Appliances

In addition, cracks in older water pipes that may have been caused by pressure changes over time, dripping faucets, sewage spills, and more can cause water damage to your home. 

Make sure you’re regularly checking your appliances, pipes, and other areas of your home that are susceptible to water damage.

Addressing Water Damage Safely

If your home has sustained water damage that hasn’t been addressed and repaired, it will cause your property value to decrease. Untreated water damage affects your property value because it can weaken your home’s foundation, cause serious structural issues, and encourage dangerous mold to develop.

If your property has sustained water damage, we’re here to help! Our team of experts will walk you through the water damage restoration process step-by-step so you can relax knowing your home is in the hands of professionals. If you have questions about how water damage affects property value, we can answer those for you as well.

Our services include mold restoration, water damage cleanup, fire damage restoration, storm damage repair, and other necessary restoration services.