Mold and Home Values | How to Get Rid of Toxic Household Mold

Does Mold Affect My Home's Value?

Your home is most likely your largest and most cherished investment. You want to do everything you can to protect and increase its value.

Slowed appreciation or even depreciation comes in many forms, from simple annoyances to more complicated issues. A leaky roof, a fallen tree, poor school performance, vacant and foreclosed homes, and even careless or noisy neighbors can all have an impact on your home's value.

Some things, like a faltering economy, are really beyond your control. Probably the single factor a homeowner can exert the most control over is the structural integrity and cleanliness of his or her home. To concerned homeowners, nothing is more insidious than toxic black mold.

If toxic black (although it can be other colors) mold is making an appearance in your home, you need remediation assistance immediately. Call a qualified mold removal company as soon as you notice the problem. Toxic black mold not only adversely affects your home's value, it can also seriously erode your and your family's health. Just ask Ed McMahon.

Toxic Black Mold and Home Sales

It's difficult to say with any accuracy what kind of effect toxic black mold will have on your home's value if you try to sell it without addressing the problem. Remember that you have to disclose everything, and failing to cleaning up toxic black mold could hurt you financially. Most homebuyers would likely expect a deep discount if toxic black mold is still present in the home.

If your home has been assessed by a certified mold tester, a real estate professional will be able to help you come up with a number. Remember, many homebuyers will employ an assessor and a home inspector, who will also come up with a number.

If you have discovered toxic black mold and plan to sell, mold removal might even be a reasonable option. Talk with your real estate agent.

If you have discovered toxic mold and intend to continue living in the house, you really should remediate as soon as possible. The health risks are too great. No matter how much (or how little) mold exists, a mold removal company can provide the assistance you need.

Mold can spread quickly and is quite pervasive. It can penetrate any porous surface in your home - and wood and concrete are both porous materials. Calling a mold specialist sooner rather than later is a good idea, for your health and your wallet. The longer you wait, the worse it will get.

How Does Mold Affect My Home's Value?

Toxic mold can affect your home's resale value in a number of ways:

Structural Damage: As mold settles deeper into the porous surfaces of your home, it causes damage to those materials. Most of these structural items will have to be removed and replaced, although a certified mold removal expert may be able to repair some items once the mold has been completely eradicated.

Your Family's Health: Toxic mold can result in major health complications. From headaches to severe respiratory problems, toxic black mold can cause or exacerbate numerous ailments. A home with toxic mold that has not undergone mold removal is likely to continue to depreciate, and deter buyers. (Who wants to buy a home that will make them ill?)

Additional Problems: Toxic mold doesn't just magically appear. Its existence is a sign of other serious problems - namely, moisture. Foundation cracks, leaking pipes or walls - a moist, dark environment can encourage the growth of toxic mold.

It's no coincidence that many mold abatement experts are also water extraction and basement waterproofing experts, or water and flood damage restoration pros. The problems tend to go hand-in-hand. If the mold removal specialist you call can't assist you, they will probably be able to recommend contractors who can help with any associated problems.

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