Termite,Damage,Serious,Problem business, insurance Termite Damage is A Serious Problem in Real Estate Investmen
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As a seller you should be very clear about the bad effects termitedamage can cause on your profit in the real estate business. As a buyeryou should be very clear about the risk you are getting into a homewith termite damages. In any case, in the real estate field, termitedamages are cause of great worries. In most of the cases of sale, the buyer will be assured that the sellerwill treat for the termite damage, which can cause about $1, 000 orlittle more. In some other cases the seller may offer the buyer theexpenses for the treatment for termite damage. It is true that withthis simple treatment technique, termite problem could be solvedtemporarily. But remember that you will be staying in a house with ahistory of termite treatment. What about the damages, which had been done for the structure by the termites? If the structure is damaged, it will call for multitudes of thousanddollars to repair it. Then why do you want to go for such a home? So it is imperative to have a proper assessment of the termite problemin the home before starting the process of purchasing it. When we consider the termite damage, some faults may be visible andthere will be many damages, which are not visible. You may have to putmuch effort to identify all the damages by the termite. You may have toremove carpets, rugs, furniture and appliances. Walls and ceilingscould be opened and in some cases you may have to undertake someexcavation process to identify the severity of the damage. Even with all the above efforts, you may not able to assess the damageby termite in the full level. In this situation, you may have to go fordestructive or invasive testing techniques. There are many qualifiedcontractors and specialists to carry out the perfect assessment of thegravity of the problem. It will be a costly exercise, but this will bethe only method to find out the damages and also to assess the costinvolved in the repair. I will advice you to get the full history of the termite treatment andrepairs carried out on the home before the sale process is initiated. If you suspects termite problem, you should carry out all types oftesting to assess its full gravity. Many termite assessment companiesare out there for you to help in assessing the damage caused bytermites. You have to necessarily do proper inspections before gettinginto trouble of buying an infected home. After all, the termite infection to a home is a very worrisome issue,especially if it is a log home. You can ask the contractor to assessthe problem and to give a document stating the status of the structureand the severity of the termite damage. If you know that the home youhave been spotted had a past history of termite infection, make surethat the structure did not get damaged.® Copyright 2008 RealEstateBloom. All rights reserved.
Termite,Damage,Serious,Problem