cost......
2007-09-11 16:24:06 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
How do you know it has mold? Did you have it tested, or is it just the HUD notice?
When the appraiser goes out to appraise the HUD owned properties prior to listing them, if there is ANY growing going on in the bathroom, kitchen, laundry room, etc.... it gets the notice "EVIDENCE OF MOLD, NOT RE MEDIATED". If the appraiser gets there before the cleaning crew.... there will be stuff growing in those areas. Usually, the cleaning crew cleans, and nothing grows back........
If you are concerned, have it tested and get bids PRIOR to bidding. "The house has mold" is not cause for backing out of the deal.
2007-09-11 17:52:28 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
Please tell her NOT to buy this house. Living in New Orleans after Katrina, I have seen plenty of homeowners fight mold problems. If she has her heart set on purchasing this house, have a good inspection done (she will have to pay for this) by a licensed professional who has had experience in mold remediation. Mold can grow on just about everything used to build a house, sheetrock, sub-floor and studs. Anything that has mold growing on it should be removed and the area around it treated. My sister had a similar problem, there was a little mold growing near her washer and dryer, when the sheetrock was pulled away the mold was everywhere. Often when you see a little mold there is a lot more that you can't see. For her health, she needs to make sure all of the mold is removed and the house is treated before she occupies the house. Another concern, if it was used as a grow house, obviously it wasn't being maintained. There may be other problems that you can't see; definitely have a general inspection done before she makes an offer. Often bank owned properties are sold "as is" and upon closing everything will be her responsibility. As for the insurance company, any broker will be able to give you a quote, although her payment might be higher if the mold is there, but once it is removed the rate might go down if you can prove that it was taken care of and treated. Again, the broker should be able to answer that question for you.
2016-05-17 12:07:34 · answer #2 · answered by ? 3 · 0⤊ 0⤋
The proper abatement mold is controversial. Some will tell you that you can do it with a bottle of bleach, a sponge, and some rubber gloves. Others will tell you that you need expensive diagnostic, remediation, and monitoring procedures.
The science on so called "toxic" mold is the subject of much litigation and experts abound across the spectrum. There is a lot money to be made in the prosecution, defense, and abatement of mold.
Once mold has gotten in to some building materials like sheet rock, it is likely to recur. You might find yourself replacing a lot components.
It's important to look at the underlying cause. There is no point fixing the symptoms if the problem is going to return. Was it a leaky pipe, a bad roof, or is there a major drainage problem on the site?
2007-09-11 16:49:38 · answer #3 · answered by artwhiterealtor 3 · 0⤊ 0⤋
Literally from $50 to $15,000. The problem with mold is if it is inside the walls. if that is the case yuou have to rip out most of the plaster/drywall, treat the studding, then re drywall and replaster. If it is a small area, it would be several hundred, but if it is pretty pervasive, the cost is tremendous.
The other bad thing, if mold is pervasive you are generally also faced with a lot of dry rot, which means replacing the studs too, and then you can double the cost again.
2007-09-11 16:34:30 · answer #4 · answered by rlloydevans 4 · 1⤊ 0⤋
Mold is toxic and can be lethal .
Normally , all the dry wall is ripped out and the place bleached and dried .
Then correct the source of the mold , (leaking roof , leaking plumbing . . . whatever )
Can be 10s of thousands and your question suggests you are too new for this .
One other possibility would be be get an ozone generator and tent the house , or more correctly ,
A contractor to tent & ozone the house .
It would need to be a commercial grade one .
Tent the house and gas it for about 48 hrs .
Saw on the news that they did it to a restaurant after katrina and it worked .
Still costed thousands to tent and what all .
>
2007-09-11 16:45:20 · answer #5 · answered by kate 7 · 0⤊ 0⤋
It can run well into the thousands! I had a major mold problem in a rental property several years ago. They had to tear out ALL of the drywall in half of the house along with all of the carpeting and other floor coverings. The final bill was well over $45,000.
2007-09-11 16:50:05 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
The webguide http://mortgagehelp.assistancecenter.info
has highly useful info on mortgage and home financing.
You can get all your doubts clarified from the site.
Check it out. Good luck!
2007-09-11 22:02:49 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes it can be expensive running into thousands of dollars not to mention you may not be able to get rid of them permanently.
2007-09-11 16:44:39 · answer #8 · answered by SGElite 7 · 1⤊ 0⤋
Get a couple of contractors to give you a bid before you do any more thinking about buying.
2007-09-11 16:28:49 · answer #9 · answered by Anonymous · 1⤊ 0⤋
very much so thousands of dollars
2007-09-11 16:28:36 · answer #10 · answered by furmanator1957 4 · 1⤊ 0⤋