You’ve just made up your mind to buy the home of your dreams. Everything seems to be perfect about it—until you suddenly discover an ugly truth; the house you are about to buy is ridden with mold.
In some areas, large quantities of mold are considered a violation of the public code. If the seller of your house does not disclose the mold problem, you should probably think twice before working with that person. This is a huge problem, so you need to be aware of it before the transaction is finished. Failure from home sellers to disclose this issue may lead to citations and even lawsuits for them.
However, if the seller has told you about it, but you still want to purchase the home because it is just perfect for you, it is important to know what costs are involved in getting rid of the mold.
The Risks of Mold
When you buy a house with mold, you need to get rid of it right away. The risks of mold are multiple, and may include:
- Breathing difficulties
- Worsening asthma
- Shortness of breath
- Decreased immunity against viruses and pathogens
- Runny nose
- Chest tightness
- Throat irritation
While these symptoms are most likely to occur in people who are already dealing with a compromised immune system, no one is safe against the threat mold poses to your health.
The Costs of Removing Mold
If you are buying a house with mold, you definitely need a reduction in price. To know exactly how much you should ask for, it is imperative to know the actual costs of removing mold. In 2019, the average price for mold remediation services is $2,255. The prices range from around $1,000 to over $4,500, depending on the area and how big the problem is.
The factors that impact the budget are the level and growth of the corrosion, the number of affected materials, the fungi and the number of affected rooms. If the structure of the house is affected, then the price goes up substantially.
Most mold costs between $10 and $25 per square foot of mold. You can start from this to calculate an estimated price of the total cost of removing mold from your new home. In the case of black mold, the price goes up by roughly 10%.
In order to assess the costs of mold removal, you can ask for around $10k to $15k more for the total price of the home. This way, you’ll be able to pay up the inspectors and the mold remediation team. In this case, you’ll have some extra money stored in case the problem comes back.
The Mold Removal Process
Once you purchase your home at a reduced price, you should contact us and request a free inspection and service quote.
Next, we’ll dispatch our certified mold removal pros to address the problem. We’ll examine and remove the mold from all areas affected, and check for any other areas we suspect could contain mold to ensure that you won’t have any more problems in the future.