Are you interested in buying or selling a home that has mold? There are two determining factors related to mold that could influence a buyer or a seller’s decision to buy or sell a home. Those factors include health risks and costs associated with removing mold from a home.
What is Mold and How Can it Impact My Health
According to the Environmental Protection Agency (EPA), mold is a fungus that contains a musty, foul odor and is fuzzy. Mold can grow inside a home in locations such as basements, attics, and crawlspaces. People with lung disease could be prone to fungal infections if exposed to mold. Those with compromised immune systems, infants, and older adults, are the most susceptible allergic reactions to mold.
How to Sell a Home with Mold
As a seller, it is vitally important to develop a plan of action to determine how to handle your mold issues before listing your property. According to the EPA, mold can be a sign of water damage. Mold is prevalent in homes. Mold grows in places that contain lots of moisture, including leaky roofs, windows, and pipes where flooding has occurred. For those of you who chose to ignore these problems, you might attract unsolicited attention from inspectors. It can also be quite challenging to sell the home when your mold issues are not addressed in advance.
If you are truly serious about selling your home, you need to schedule a mold inspection. Besides air and sample testing, a mold inspector can help you pinpoint the source of your mold problem. Inspectors typically inspect areas of the home such as walls, furniture, ceilings, and air conditioning units when looking for mold. A mold inspection can help you better understand what options are available to help you address your mold problems and restore the home to a healthy state. Mold growth can be controlled by reducing humidity levels, fixing leaky roofs, windows, pipes, and thoroughly cleaning and drying after flooding. Eliminating mold from home can be pretty tricky, and unless done correctly, the mold is likely to return.
After the mold inspection is complete, ask for a copy of the mold inspection report to present to a prospective buyer. The inspection report can serve as proof you have taken the necessary steps to address your mold problem. This information is particularly crucial and can help prospective buyers determine if they want to purchase your home.
How to Buy a Home with Mold?
As a home buyer, you may spend several months searching for a home. However, once you finally find a home that you would like to purchase, you should have a complete picture before making an offer. After all, the prior homeowner may have overlooked some things before listing it. If a home has a musty odor or any discoloration in the walls, ceiling, or other parts of the home, this could be a sign of mold damage. In situations such as this, you should ask the person to sell the home if they consider contacting a mold inspector.