Buying a water-damaged house is a risky investment. You are not required to give up on your dream home, but you must be told before the sale is finalized.

The first and best thing to do when looking at a home with water damage is to schedule a home inspection. A certified home inspector will provide a complete water damage report that includes a mold assessment. The house inspector will also look for hidden damage, structural issues, foundation cracks, faulty pipes, and leaking windows to assist determine the extent and source of the water damage.

The next step in selecting whether or not to buy the house is to contact a contractor and get an estimate on how much it will cost to repair the water damage, remove the mold, and ensure your property is structurally sound for you and your family.

Once you have an estimate for the repair costs, it is time to examine the repair and cleanup expenses. The amount of water damage and mold in your home will decide how much money you are willing to invest in a new home. This is the best opportunity to go over all of the data, read the inspection report thoroughly, and ask any questions you may have.

Once you've answered all of your questions and feel certain that you understand your situation, it's time to rethink your offer and resubmit it to your realtor. It is best to get everything in writing and double-check the contract for water damage costs. If any contractual provisions need to be clarified, an attorney might be consulted.

One last item to think about before closing on your new home is your home insurance options. Get comprehensive coverage when purchasing a home with mold and water damage. Check with many local insurance companies to see if you are covered if problems from previous water damage resurface. If your insurance is too expensive or your coverage is limited or unavailable, you may not be making the best investment.

If you suffer water damage in your home or another disaster, call Anthony Restoration of Loudon straight soon for an accurate examination and to begin the restoration process.