Rain, Hurricanes, plumbing issues, whatever the cause may be… water damage and flooding can happen to any home. Unfortunately that means cleaning up and repairing the damage. Let’s take a look at the real costs of water damage and flooding in your home.
Depending on how much water is sitting in your home or basement, pumping out the water starts at $150 for those who want to do it themselves and $500 for professionals depending on the amount of water. If it’s damage from a storm and you have to clean up after debris and mud you’ll have to factor that into the cost. Then you’ll need to get a dehumidifier that can run about $200 – $300 for a residential size.
There are also different types of water: clean water, greywater, and blackwater. Clean water comes from a pipe without any contaminants. Greywater comes from an appliance overflow such as a dishwasher or washing machine and has some contaminants. Blackwater has the most contaminants and comes from sewer water or something else. The more dangerous the water the more costly the cleanup.
Replacing walls, floors, ceilings, and roofs can add up costing you anywhere from $500 to upwards of $10,000. It also depends on how much of the home is affected. If you need a new roof, and new floors and walls you’re looking at a pretty hefty bill.
If your electrical wiring was damaged it’s going to cost you an average of $135 just for the electrician. According to Thumbtack, rewiring a 10×10 room starts at $900, to rewire the whole house, you’re looking at $9,000 – $12,000 minimum.
Not all water damage comes from flooding, sometimes water can other types of damage such as mold. Mold remediation starts at $500 going as high as $6,000. Another way water can damage your home is by cracking your foundation if you have fix your foundation it’s going to cost you as much as $10,000 depending on the severity.
Let’s face it water damage is expensive. Taking the right precautions to protect your home is the best way to avoid footing the bill. Good insurance will also help, but depending on your coverage you may end up paying a lot out of pocket. If your home is damaged beyond your means to get it repaired or you just don’t want to deal with headache, contact a real estate solutions company to learn about your options.