How Do Termites Decrease Home Value?
WouterTermites can affect a home’s resale value, especially if they are not discovered and treated early. If a home has extensive damage, it can lower the value by up to 20%. Even if the home is not damaged by termites, it may not look appealing to buyers. Having a pest inspection conducted prior to closing is crucial.
Having a termite inspection can show the extent of the infestation, as well as potential treatment options. This will allow a homeowner to take measures to prevent further damage. Keeping the termite issue under control can also preserve the value of the home.
Termites can gnaw on items such as carpets, furniture, and even essential papers. Termites can also destroy wood, and they can be hidden inside walls or behind paint. Having termites can be difficult to detect at first, but a routine termite inspection can help catch an infestation before it becomes too severe.
If you are selling a home, a past termite infestation can be a major negotiating point for buyers. However, it is important to note that a past infestation does not necessarily mean a future one.
Many buyers avoid homes that have been a victim of a severe termite infestation. This can lead to a smaller pool of interested buyers. Similarly, fewer buyers can also lead to lower prices for the property. A low sale price can make it more difficult for the seller to sell.
If you have a home with a history of termites, you should disclose the issue to prospective buyers. This will help prevent surprise and lower demand for your home. It will also help reduce future lawsuits.
