Most Expensive Things that Can Happen to Your Home

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Most Expensive Things that Can Happen to Your Home

Posted On : Jun-14-2011 | seen (1673) times | Article Word Count : 705 |

Home is the most valuable assets that can be own for most people. Unluckily, there are some major hazards that can occur at a house and cause a serious decrease in the market value of the property. Some of those hazards are much more dangerous than a fire or a natural disaster.

Enlisted below are some of the most expensive damage that can happen into your house:

Foundation – an arc shaped basement walls, cracks in walls or floors or a sloping chimney are signs of a problem foundation. But, most people don't realize that difficulty in opening and closing doors and windows can also be early signs that a house is moving. Whether a house is a new or an old one, major repairs are often necessary for foundation problems. In this event, a huge amount of cash is also required. A bad foundation can be caused by the soil type the house is built on, an improperly placed foundation or drainage problems. Whatever its cause, it not a good news and depending on the seriousness of the problem, it can cost $10,000 to the homeowner.

Mold – unlike major water damage, like that caused by flooding, minor or hidden water damage in a house, maybe from a defective water pipe, water heater or window seal, can cause just as much damage – and it may be noticed immediately. Similarly, if a home endured through a flood in the past and did not sufficiently dry out, mold can also grow.

A study that has been conducted by the National Resources Defense Council on 2005 showed that the houses that had been flooded or were even near flooding areas showed a very high level of mold spores that could raise health threats to its residents even if it had been repaired and treated for mold. Another cause of mold is the humid in an area. Environmental Protection Agency stated that if the mold growth in your home is larger than 10 square feet or was due to drain water or other contaminated water, then its time to ask for a help from a professional. Though home insurance may cover some of the cost depending on the policy, the cost of mold remediation is more or less $3,000 per wall, excluding the cost or replacing any mold infected materials found in a drywall, carpet or ceiling titles.

Water damage – if your home isn't water secured, then don't disregard it. Further than the possibility of mold, long term water damage can also cause rot, that can lead to all kinds of expensive repairs to the home structure. Estimating the cost of this kind of repair is not easy. One thing is for sure, in can be in thousands depending on how much woods needs to be replaced and how encroaching the repairs are.

Bed Bugs – Bloomberg stated that a recent nationwide invasion of bedbugs has seen the little blood sucking creatures popping up all over the area including movie theaters, offices and hotels, making it very easy for anyone to bring home the invasion. And since many of the most powerful chemicals for killing bedbugs have been found to be dangerous, removing the spread is harder than ever. In a story by the New York Times in July, 2009, paying more than $5,000 to remove bedbug invasion in not unusual.

Sewer Line Problems – the part of the sewer line that extends out from a home and stretches out from a home and onto the city proper is sometimes the homeowner's responsibility when it comes to repairs. Sewer line problems are most usual in older neighborhoods, where the line may have slumped or has been damaged by tree roots. A slow running or gurgling drains, often associated in the plumbing system or sewage smells outside the house may be an indication of a problem. Home insurance may again cover this cost, expect this to cost between $5,000 to $15,000 for a 100 – foot sewer pipe.

With meticulous inspection and proper maintenance, the above said hazards can be avoided. Homeowners should provide an emergency fund to pay for these expensive and unexpected home repairs.

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<h1>Most Expensive Things that Can Happen to Your Home</h1> Author: <a href='http://www.articleseen.com/profile_Patricia Evans.aspx'>Patricia Evans</a> Home is the most valuable assets that can be own for most people. Unluckily, there are some major hazards that can occur at a house and cause a serious decrease in the market value of the property. Some of those hazards are much more dangerous than a fire or a natural disaster.

Enlisted below are some of the most expensive damage that can happen into your house:

Foundation – an arc shaped basement walls, cracks in walls or floors or a sloping chimney are signs of a problem foundation. But, most people don't realize that difficulty in opening and closing doors and windows can also be early signs that a house is moving. Whether a house is a new or an old one, major repairs are often necessary for foundation problems. In this event, a huge amount of cash is also required. A bad foundation can be caused by the soil type the house is built on, an improperly placed foundation or drainage problems. Whatever its cause, it not a good news and depending on the seriousness of the problem, it can cost $10,000 to the homeowner.

Mold – unlike major water damage, like that caused by flooding, minor or hidden water damage in a house, maybe from a defective water pipe, water heater or window seal, can cause just as much damage – and  it may be noticed immediately. Similarly, if a home endured through a flood in the past and did not sufficiently dry out, mold can also grow.

A study that has been conducted by the National Resources Defense Council on 2005 showed that the houses that had been flooded or were even near flooding areas showed a very high level of mold spores that could raise health threats to its residents even if it had been repaired and treated for mold. Another cause of mold is the humid in an area. Environmental Protection Agency stated that if the mold growth in your home is larger than 10 square feet or was due to drain water or other contaminated water, then its time to ask for a help from a professional. Though home insurance may cover some of the cost depending on the policy, the cost of mold remediation is more or less $3,000 per wall, excluding the cost or replacing any mold infected materials found in a drywall, carpet or ceiling titles.

Water damage – if your home isn't water secured, then don't disregard it. Further than the possibility of mold, long term water damage can also cause rot, that can lead to all kinds of expensive repairs to the home structure. Estimating the cost of this kind of repair is not easy. One thing is for sure, in can be in thousands depending on how much woods needs to be replaced and how encroaching the repairs are.

Bed Bugs – Bloomberg stated that a recent nationwide invasion of bedbugs has seen the little blood sucking creatures popping up all over the area including movie theaters, offices and hotels, making it very easy for anyone to bring home the invasion. And since many of the most powerful chemicals for killing bedbugs have been found to be dangerous, removing the spread is harder than ever. In a story by the New York  Times in July, 2009, paying more than $5,000 to remove bedbug invasion in not unusual.

Sewer Line Problems – the part of the sewer line that extends out from a home and stretches out from a home and onto the city proper is sometimes the homeowner's responsibility when it comes to repairs. Sewer line problems are most usual in older neighborhoods, where the line may have slumped or has been damaged by tree roots. A slow running or gurgling drains, often associated in the plumbing system or sewage smells outside the house may be an indication of a problem. Home insurance may again cover this cost, expect this to cost between $5,000 to $15,000 for a 100 – foot sewer pipe.

With meticulous inspection and proper maintenance, the above said hazards can be avoided. Homeowners should provide an emergency fund to pay for these expensive and unexpected home repairs.About the Author: I write Traveling Articles that might help my friends to get the best vacations they need. Especially here, <a rel="nofollow" href=http://philippine-hotel-accommodation.blogspot.com/>Philippine Hotels</a> are one of the best thing this country has to offer. Come and meet me here at my place, <a rel="nofollow" href=http://www.mpensionne.com.ph/>Malate Pensionne</a>. I'm sure you'll get the best accommodation in your life. See you! Article Source: <a href='http://www.articleseen.com/Article_Most-Expensive-Things-that-Can-Happen-to-Your-Home_64098.aspx'> http://www.articleseen.com/Article_Most Expensive Things that Can Happen to Your Home_64098.aspx</a>

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I write Traveling Articles that might help my friends to get the best vacations they need. Especially here, Philippine Hotels are one of the best thing this country has to offer. Come and meet me here at my place, Malate Pensionne. I'm sure you'll get the best accommodation in your life. See you!

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Category : Finance : Real Estate

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