Mold is a fungus that grows in damp, dark areas, and spots like attics, crawl spaces, or bathrooms are some of mold’s favourite places to grow in your home. However, its presence there can impact the value of your property, and if you’re trying to sell this is going to prove to be a problem.
The presence of mold doesn’t decrease the value of your property simply because it isn’t nice to look at. That may be true, but there are also negative health effects that result from exposure to mold. Exposure can lead to many allergy-like symptoms, including sneezing, coughing, eye irritation, congestion, or rashes, and can even make it difficult to breathe. Those with certain predispositions may have even stronger negative reactions to mold and must avoid it diligently.
All of these factors have led to a strong negative reaction to mold, which is what makes its impact on your property value so significant. Beyond the perception of mold that causes a personal valuation of a property to decrease, mold can also make it more difficult to insure your home. Depending on what US state you’re in, you must exercise caution and ensure that you disclose the mold in your home to prevent legal issues in the future.
Some studies suggest that even properly-treated homes with a history of mold can be valued at a lower price than a home that has no history of the fungus. So, taking steps to ensure mold doesn’t become a part of your home’s story is of utmost importance. Regularly checking on the darker and damper areas of your home, such as crawlspaces and bathrooms, can lead to catching potential infestations before they get started.
If, however, you discover that there is mold in your home – especially if property value is top of mind for you – there are a few ways to address the issue. In the case that mold has only just begun to appear, you can use a combination of protective gear and household cleaning products to take care of most small issues. When it comes to more extensive infestations, it might be better to contact a professional to ensure that the issue is effectively taken care of.
These reasons all point to why mold removal is vital for your property value, and why you should regularly inspect key areas of your home that could allow a mold infestation to begin.