Water damage occurs when pipes burst or water seeps into a basement through a leaky foundation. Water damage can be expensive to fix and in some cases home buyers want to hold sellers accountable for it. Who should pay for water damage depends on when it’s discovered. Same is true for how to fix it – the fix will depend on how extensive the water damage is. Learn about water damage and how to resolve it here.
New Construction Will Need Home Repair Too
When you buy a new construction home and move in, everything is like new. After a while your new construction home will need home repairs or home improvement just as any other home. If you're not diligent about maintaining your home it could have water damage. What kind of home improvement does a neglected home need?
Seller Disclosure Includes Pipes That May Cause Water Damage
What can you do if you buy a home and later discover something was omitted from seller disclosure? If the seller or the home inspector fail to mention that your home has polybutylene plastic water supply lines and crimped fittings you may be able to collect money as part of a class action lawsuit. The polybutylene pipes should have come to light during the home inspection or as part of seller disclosure.
Preserve Your Home Value With Maintenance
By failing to properly take care of your home, you could be setting yourself up for some expensive repairs. If you do regular, ongoing maintenance in your home, the costs are relatively minor. However, regular and ongoing maintenance also means tackling larger jobs from time to time.