Mold growth is a fairly common occurrence in homes across the U.S. Yet, finding the microorganism present after a mold inspection in a property you want to buy is still concerning. Review this guide to help you determine if you should move forward with the sale. 

Where Mold Hides in Homes

The fungal spore has two main requirements for growth: moisture and a food source. As a result, the most common locations of mold are in areas where plumbing is present, basements, and areas that could be prone to leaks.

Bathrooms are a top offender with growth potential on and behind tile, in bathtubs and showers where leaks have occurred, and on ceilings. Kitchens are another common spot with the main issues occurring behind dishwashers and refrigerators as well as under sinks. Basements and attics are two more potential locations. 

Not all mold growth is visible. It can also occur within walls, ceilings, and flooring because of plumbing and roofing leaks or past flooding issues. For that reason, it's important to request a professional mold inspection as part of the purchase agreement. A specialist has the tools necessary to identify moisture and mold issues even if they're not visible. 

How It Impacts Home Value

The presence of mold doesn't necessarily impact the home's appraised market value. However, it can make it less appealing to buyers. In fact, roughly 50% of interested buyers are unlikely to move forward after mold is found. The reduced competition and wariness of buyers can lower the value up to 37% under asking.  Having the mold growth remediated prior to listing the property is always recommended when possible.  However, making sure the problem is taken care of before closing is monumental to eliminate any ongoing issues after taking possession of the home.

How to Decide to Buy or Move On

With mold being a common issue in homes, its presence doesn't mean buying is out of the question. However, it does need to be handled correctly to eliminate the problem from the home so that it doesn't negatively impact the new residents' health. As such, use the findings from the mold inspection to negotiate with the seller. They can either reduce the asking price to compensate for the cost of mold remediation or cover the service as part of the sale. 

If the seller refuses to negotiate, there's still room to consider the purchase, but first determine the extent of the damage. Significant issues may require that the new owner leave the property empty while remediation takes place but this generally is not necessary when the remediation is handled by a professionally certified firm. 

Additionally, severe mold issues may indicate a more widespread water issue, which may have caused damage to the structural elements of the home. In such cases, the potential repair costs and time requirements could become significant, making it more cost-effective to find a different property.

Know what you're getting into when purchasing a home with help from A1 Mold Testing & Remediation Services in Lincoln, NE. Home buyers and owners across Lancaster County rely on the local business for dependable and efficient mold testing and removal services. Learn more about their mold inspection services online, and request an evaluation today at (402) 474-6653.