Water damage also affects the appraised value of your home, so if you're thinking about getting the capital you've earned on your property, you might want to learn more about leaks. Home appraisals take into account structural problems, such as damp basements. Most of the time, you'll find that the value of your appraised home is lower than what you'd get without a damp basement. I always check if there are any drainage problems in houses.
They are relatively easy to detect and can cause significant damage. I value a lot of houses on the slopes of the hills, which can easily run into problems. I observe where the water drains from the gutter and how it moves away from the base. Sloped floors are another indication of potential foundation problems.
Get the most value for your property by having a reputable waterproofing company come and fix the damp basement problem now. In a slow housing market, such as the one we've experienced for the past five or six years, sellers must be proactive in repairing damp basements, or risk losing thousands of dollars selling their home. They're the same in every way, except that one shows signs of water damage in the basement and has a history of wet floors in the basement after heavy rain. Because of this procrastination, Snyder says he would expect the house with the damp basement to sell for 30,000 to 50,000 less than the house with the dry basement.
By addressing the problem now, you'll have more time to research which basement waterproofing company proposal offers the best price and the best warranty. A damp basement will also prevent you from being able to use the space as storage or convert it into living space. Larry Janesky, president of Basement Systems, a national network of basement waterproofing distributors, gives similar numbers.