Strategy For Buyers and Sellers When Faced With A Wet Basement
Buying or selling a home can be a stressful event. Dealing with a wet basement can only add stress and confusion to the process. Water in the basement doesn’t mean the home will never sell, but there are some steps to take to get the most value out of the sale.
Here are a few strategies to help potential movers get ready to buy or sell a home with a wet basement.
Buying a Home with a Wet Basement
For many homeowners, buying a “fixer-upper” is a hassle. It costs extra money, and there’s no guarantee of how quickly everything can be fixed.
Of the more serious problems homeowners can have, this is one of the cheapest and easiest to fix. It doesn’t take a professional more than a few days to install an entire basement waterproofing system, and having a permanent basement solution can significantly increase the home’s value.
Basement water is among the easiest of serious home defects to repair.
Baker’s Waterproofing has helped many happy homeowners who have negotiated a discounted price for a home they loved and hired us to address the problem at hand.
Selling a Home with Basement Leaks
On the flip side, selling a home with a wet basement may mean you don’t get as much as you hoped for.
Buyers are in the position to negotiate for a lower price because of the damage and cost of repair. Wet basements can devalue a home 10-25%.Having a permanent waterproofing system put in will allow you to finish the basement before you sell.
Finishing the basement adds square footage and subsequent value to the property and will keep your belongings dry in the meantime.
Buying or selling a house can be difficult, but knowing how to get the most value out of your home will only help in the long-run. Fixing the water problem before you sell ensures that you can the price that you planned for. Buying a home with a waterproofing problem does cost extra money, but it is a quick repair with a long pay-off.
Baker’s Waterproofing has thousands of customers that appreciate the transferable warranty on their sump pump and interior drainage system. And when paired with a bright, white wall vapor barrier and energy-efficient, self-draining basement dehumidifier, our complete waterproofing system will inspire confidence that the basement area will stay dry and clean for years to come.