Mold and Property Value

Many home buyers and sellers are concerned with how mold can affect their property value. However, mold does not have to ruin the sale of your house. Perception is everything, which is why mold can affect your property value if the problem is not handled correctly and in a timely manner. No potential home buyer wants to deal with mold problems, and their lack of knowledge about mold can make the situation worse. Let the professionals at BioClean help you keep mold from lowering your property value and your chance at selling your home.

Mold Disclosures and Property Value

Every state has its own regulations when it comes to mold disclosure.  In general, if you are aware of mold on the property, you must disclose this information to the buyer. If you do not disclose this information and the buyer discovers mold after closing, they could sue you for fraud. Some states require a specific mold disclosure form be used, while others simply require that any known defects with the property be disclosed.  If you are unsure of your state's requirements, consult with a real estate attorney.

Mold and Home Insurance

Mold can also affect the value of your home insurance policy.  If you have a mold problem and do not disclose it to your insurance company, they could cancel or non-renew your policy. It is important to keep your insurance company up-to-date on the condition of your home to avoid any problems in the future.

How to Reduce the Risk of Mold

The best way to reduce the risk of mold is to keep your house clean and free of moisture. Clean up any spills or leaks immediately, and be sure to ventilate areas that are prone to moisture, such as the kitchen and bathroom. In addition, you should have your home inspected for mold on a regular basis, especially if you live in an area that is prone to flooding or has high humidity levels.

What To Do If Your Dream Home Has Mold

If you come across a mold problem in a house you'd like to purchase, use it as a negotiation tool! Ask for compensation from the seller to fix any mold or water problems or even to negotiate a lower selling price. Mold in your property does not have to delay or void a potential sale. There are very few instances where the problem cannot be resolved, so you shouldn't give up on buying your dream home just because of a mold problem.

BioClean Can Clean Up Your Property Value

Preventing and remediating mold are important steps in protecting the value of your property. The experts at BioClean can provide you with expert mold inspection, removal and remediation services as well as air quality testing. We will work with you to determine the best course of action to take to rid your property of mold and keep it from coming back. Contact us today to learn more about our services or to schedule a free estimate.