Do Termites Devalue a Home?
WouterAside from the negative stigma associated with termites, it’s not always the case that termites devalue a home. If you’re looking to sell your home, you need to be aware of the signs and symptoms of infestation. The presence of termites can make a home unappealing, and in some cases, it may turn away potential buyers.
The best way to know whether your home has termites is to have it inspected by a professional pest control company. This will allow you to detect any signs of termite activity and to determine the extent of damage.
If termites are active, you’ll likely need to spend thousands of dollars to get rid of them. In fact, the total cost of repairs could exceed the home’s value. That’s because it can take months or even years for an infestation to reach its full scale.
The good news is that termites can be treated in the early stages, so you can still recoup a decent amount of your investment. However, if the infestation is more serious, your home’s value will decline significantly.
Aside from the structural damage it can cause, termites can also have a negative impact on a home’s appearance. They gnaw on wood and carpets, and can also attack wooden furniture. They can affect the interior and exterior of a house and can even eat through support beams.
Depending on the severity of the damage, your home’s value could be reduced by 20 percent or more. That’s a lot of money to lose!
