Mold Inspections: 3 Ways Mold Can Impact Property Value
Although mold is an unsightly blemish to behold inside your home, its negative impact goes well beyond aesthetics. Mold can pose serious health risks, which means that it will likely diminish the value of your home if it is not properly identified and remediated. If you want to determine whether your home is at risk for mold overgrowth, consider a mold inspection from Evolve Property Inspections. But first, let’s look at mold’s impact on your property value.
1. Health Concerns and Liability
Mold can cause various health issues or result in worsening health issues that are already present. Sensitive individuals may suffer from allergies, respiratory problems, or other conditions. Not to mention, if you sell a home with a mold problem, you could face legal liability from your buyer.
2. Staggering Remediation Costs
Depending on the extent of your issue, mold remediation costs can be exorbitant. Even if you don’t have a significant overgrowth, you don’t want to try and sell a home with an active mold problem. Potential buyers may not want to deal with that and could end up walking away from the sale rather than waiting for the necessary remediation.
3. Marketability of Your Home
If a potential buyer discovers mold in your home during their own inspection, they will likely lower their offer price significantly. Even if they still want your home, they could use the mold to aim for a bargain. Any significant issues, such as mold discovered during an inspection, will give a buyer the advantage in the negotiations.
Schedule a Mold Inspection
The best way to enter the real estate transaction process with peace of mind is to schedule a mold inspection. If our visual inspection indicates the presence of mold, Evolve Property Inspections will recommend certified mold testing. Contact us today at (305) 506-8969 to request a quote or to schedule your inspection. We serve homeowners in Miami-Dade County and the surrounding areas of Kendall, Pinecrest, Coral Gables, and Broward County.
