As a homeowner, you understand that your home is an investment, and sometimes you need to spend some money to protect that investment. Preventative maintenance is key, especially when it comes to prepping your home for worst case scenarios.
And when it comes to worst case scenarios, water damage should be right at the top of the list.
No homeowner wants water in their home where it doesn’t belong, but unfortunately water damage is the second most frequently filed insurance claim across the country. Almost 40% of all homeowners have experienced some sort of loss due to water damage, and this damage can be especially costly to repair. On the low end, a minor flood with a few inches of water can cost homeowners $10,000 in repairs. And that’s the best case scenario. Thus, the need for reliable basement waterproofing solutions.
Basement waterproofing can save any homeowner thousands in the long run, and it is an especially good investment for homes in wet climates or flood zones. How can basement waterproofing save you money in the long term?
It’s easier if we show you:
Consider this: a minor flood with just a few inches of water could cost $10,000 to repair. And a larger basement flood can cost between $25,000 to even $50,000. With these figures in mind, basement waterproofing is just a small investment compared to the potential damages.
Eliminates medical bills
Mold is a hidden danger in many homes, and it breeds in wet, damp environments. No mold is good mold, and according to the EPA, 100% of all types of mold have the potential to cause negative health effects. What’s more is that the Mayo Clinic reports that a full 93% of chronic sinus infections can be attributed to mold, so making sure your basement is dry at all times will be an investment into you and your family’s health.
Reduces your property value
A wet basement has the potential to decrease your home’s property value by about 10% to 25%. If you are ever going to sell your home, this can be detrimental for your finances. If you want your investment into your home to pay off one day, then you need to protect it.
Luckily, 93% of all water damage in the home can be prevented. So even though the costs associated with a flooded basement can come out of nowhere, basement waterproofing is the one way to ensure your home and your wallet don’t take a hit.