If you have a water damaged home, you have two main options. You can either repair it or sell it. You may consider selling such a property after repairing or as it is. Repairing the water damage can increase the costs, especially if you do not have insurance. This guide explains to you the benefits of following these different options.
Repair the Damages
You can repair the water damages either to sell your property or to continue to live there. If you decide to sell it, any signs of damage are going to raise concerns from potential buyers. You should repair or replace the flooring and drywall and also consider painting the entire home in some neutral colors. Such colors will help make your home look cleaner and eliminate most of the fears about water damage.
Get your Home Inspected
Getting your property inspected is an effective way to get the best possible price for it. You can have it inspected no matter whether you have repaired it or not. An inspection can help identify the damages and problems precisely and this will not leave any room for any doubts in the mind of the buyer. You can also conduct the inspection before the repair and get an estimate of the repairs required to fix the water damage.
Sell Your Home As-Is
If you do not want to make any repairs, you can consider selling your home on an as-is basis. Repairing a water damaged home can be an expensive and cumbersome task in itself. And even after investing so much in the repairs, you are less likely to get the desired price for your home. On the other hand, selling the house on an as-is basis can save you money and all the hassles that come with inspection, repair, and the negotiations to recoup the additional cost of repair.
You can also find services that provide professional assistance in selling homes that are otherwise difficult to sell. Selling a water-damaged property is the ideal proposition in most cases. However, finding buyers can be difficult and time-consuming. So getting professional help can be the right step in speeding up the process while also getting the highest-possible prices.