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Boston, Massachusetts Buying and Selling a Home with a Wet Basement
In the Massachusetts housing market, particularly in areas like Metrowest, North Shore, South Shore, Cambridge, and Boston, it’s becoming harder than ever to sell a home with a wet basement. And why wouldn’t it be? Basement water and humidity essentially ruins an entire floor of the home- destroying wood, drywall, paper, leather, furniture, fiberglass resins and backing, sports memorabilia, photographs, cloth, and anything else that contains organic material.
Business is Business
As it stands, the issue is a dire one for homeowners selling with a wet basement. Builder Magazine has found that 19% of home buyers won’t even look at a “fixer upper”, and even when they will look at it, you can be sure that it’s not their first choice over a home with a dry basement. When a home buyer does finally decide to make an offer, you can be sure that the cost will be 10-25% less than it would be if the basement was a dry one.
Investing with Basement Repair
However, there is hope. Of the 12 home buying red flags cited by RealtyTimes, such as the presence of lead paint or asbestos, foundation issues, or defective roofing, solving basement moisture is likely the easiest and most inexpensive to repair. A good wet basement repair contractor can provide a warranty that can be transferred to a new owner, and with a $200,000 home, it can pay back for itself by upwards of 400% of the cost of the job. A good contractor can install a basement drainage system and sump pump in one, or perhaps two, days.
Conclusions: If you have a basement flooding with groundwater, fix it before you buy it. Ideally, you should fix it right away, so you can enjoy a dry basement before you sell it. If you’re buying a home, take a second look at that wet basement fixer-upper. It’s quite a bargain!
Local Basement Waterproofers
Boston Basement Systems of the Massachusetts area is a directory of locally owned and operated boston basement waterproofing contractors specializing in wet crawl space and basement repair. If you’re looking to sell your home, buy a home with a wet basement, or just reclaim that floor of usable space, contact them today. They provide homeowners with free basement waterproofing estimates, including an 80-page full-color book, an in-home estimate, and a written estimate. They serve areas like Metrowest, Cambridge, North Shore, Boston, and South Shore and are here to help you!
About the Author
Rick
http://www.bostonbasementsystems.com
http://www.basementsystemsofnewhampshire.com
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