Do you want to put your home on the market? Does it have a leaky basement? There are many flaws that buyers can overlook when purchasing a home. Wet basements aren’t one of them. Buyers are wary of homes that have foundation issues. You may, therefore, find it difficult to sell your home if it has a moisture problem.
If you want to sell your home, you should invest in fixing the wet basement first. The following are some reasons to do so.
- Buyers will demand lower prices for homes with wet basements
Buyers will want to know more about the condition of your house before they make an offer. If they learn about your leaky basement, they will demand a lower price for the home. Buyers are likely to deduct the cost of repairing the basement from the price of the house.
- Home inspections will reveal the state of your foundation
You may be thinking that if you don’t acknowledge that you have a leaky basement, you can get your asking price for the house. However, many buyers have become savvy. They hire independent inspectors to find out more about the current state of the residence. These inspections will reveal your wet basement to potential buyers. The fact that you withheld this information is likely to drive potential buyers away.
- Prospective buyers may be put off by wet basements
Many buyers would like to invest in a home that is in good condition. The idea of purchasing a home with a leaky basement may be overwhelming. They will not want to buy a house and have to think about engaging contractors to repair it. These buyers are likely to look elsewhere for a home in good condition.
- Lying about the leakage can mean legal problems
Sellers are required by law to disclose leakage issues in their foundations. Withholding this information can mean legal trouble for you. You could end up spending a lot more money in legal fees than you would have to repair your foundation.
If you have a wet basement, hire a waterproofing contractor to take a look. There are many affordable solutions in the market that provide long term benefits. Discuss your options with your contractor and choose the solution that meets your needs. Consider repairing your foundation investment in the value of your property as well as your peace of mind.
Contact the Professionals at Everdry Waterproofing of Pittsburgh Today! (800) 388-3837