Water damage can significantly reduce the value of your property.
Water can penetrate your property from below in the basement, above from the roof and rainwater gutters, and all sides from burst or worn out pipes and drains.
This damage can weaken and alter the structural stability of your house, causing more risks and costly repairs.
Left unchecked, a water damaged property can deteriorate quickly, and reduce its value significantly.
If you are looking to sell your property, water damage can make the property unattractive to prospective buyers due to the repairs and costs they will need to undertake.
Therefore potential buyers are also highly likely to negotiate in price due to the water damage, resulting in bigger losses for you overall.
Fix water damaged defects as soon as you can. The first step is to get the damaged surveyed and costed.