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.
While Florida mops up after Hurricane Dennis, and with Hurricane Emily on the way, here's a look at how you can protect yourself when cleaning up and rehabbing your home after a natural disaster such as a flood. After a natural disaster that creates flood damage, the demand for qualified contractors often exceed the supply. This useful article gives you the 411 on post-flood action: how to protect yourself from being ripped off when renovating after a flood.
If your home has synthetic stucco as its exterior finish, you may encounter water damage. One solution to water damage related to an incorrect synthetic stucco installation is a new drainage system, but it's not clear how reliable that system will be. Should you repair water damage related to synthetic stucco before selling a home? Ilyce says she wouldn't want a home with water damage related to synthetic stucco but it is up to the home seller to decide whether to repair it prior to selling the home.
When you get water damage on your roof and it begins to leak you'll need to hire a contractor to repair your roof. How can you find a reliable roofing contractor? Ask friends, family, colleagues, and local real estate agents to provide referrals. Contact the Better Business Bureau to check the contractor's record.
After repeated fixes, a homeowner still has water problems in his basement. In some states, a homeowner may have a right to pursue an action against the builder, in others, the time in which you could have brought your case against the builder might have expired. In other states, the fact that the builder tried repeatedly to fix the water problem might be sufficient for a court to find the builder to be liable.
A new neighbor above these condominium owners is causing water damage to the unit below them and refuses to file and insurance claim. The only solution may be to sue the neighbor for expenses reimbursed. Generally, the responsibility for repairs caused by a neighbor to another unit should be borne by the neighbor.
In the wake of Hurricane Isabel, the lights for many Americans on the Eastern Seaboard are stillout. But what hasn't even dawned on most Americans who live in flood zones is that over the past few years, insurers have been stealthily changing insurance policies as they relate to hurricane and other flood damage.
When you're buying a home a seller is supposed to tell you about any hidden material defects as part of seller disclosure. But it's the buyer's responsibility to ask questions of the seller too. The buyer can ask the seller about the neighborhood and location around the home. Asking questions ensures that buyers face fewer surprises when buying a home.