Should I Sell Or Repair My Water Damaged Home?

We have seen up close how destructive water damage can be, especially for people
impacted by recent storms. For those homeowners, it is worthwhile to think about how
the water damage will impact their property’s marketability. It is troublesome when you
don’t have the ability or time to get completely ready for flooding, whether derived
from a flash flood, hurricane, or a large pipe burst.
The initial thing you must think about when you’re faced with a flood is your safety. For
recommendations on what to do after a flood, see Ready.gov’s article “Floods.”

• The first two post-flood days are substantially critical.
•  Develop a list for your damaged home. Use this worksheet form FEMA.
•  Contact your insurance company right away. They’ll ask for photos of all the
  areas or items that are damaged, particularly the expensive ones. Don’t leave
  anything left for uncertainty.
•  Some specific items can be salvaged, like clothing, real wood, and ceilings.
  Others like drywall or particle boards will be harder to save. For more details, get
  in touch with a licensed contractor.
•  Remember to contact your insurance company about your automobile if it has
  also been damaged.

Fix, Fix, Fix

If you are prepared to sell your property, you have a couple of choices. The initial one is
to fix all that was damaged by the water. Water damage will have to be disclosed to all
potential buyers, but you can fix the damage, which will put those buyers at ease. If
your home looks like it endured water damage, a buyer might leave the unit without
even thinking about purchasing it. Water damage can be extreme, but it is repairable.
Who knows, maybe you’ll only require drywall touch-ups.

Cash Sale (As-Is)

Also, think about selling the property as-is. This procedure is less costly and quicker than
fixing your property to list. A cash sale may be a more suitable choice for you if you
don’t have the right homeowners’ insurance OR the repair expense is substantially high.
Be wary of repairing or constructing without a permit – this can lead to further costs.
If you have more queries, get in touch with us today.

 

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