Is it worth buying a house with termite damage?
“Generally speaking, I would advise a client to go ahead and buy a house with some termite damage, but to use it to their advantage as a negotiating tool,” he says..
How much do termites devalue a home?
Reduces the Value of Your Home The discovery of termites on your property can reduce its value by almost 20% but only if the infestation is discovered in time to be treated. Treating your home at the first sign of a termite infestation will help you maintain the value of your home in the long term.
Does termite damaged wood need to be removed?
Termites can damage a house beyond repair, but it’s rare. This happens most often when a home is vacant or the problem is ignored for several years. Generally, you have two choices when repairing wood damaged by termites. Remove the damaged wood and replace it with new wood.
Can you live in a house with termites?
Termites can actually cause damage to structural integrity! Buildings or houses that are made of wood can be unfit to live in if termites have already caused considerable damage to its foundations, beams and other supports of the structure.
What attracts termites in the house?
In addition to wood inside the home, termites are drawn inside by moisture, wood in contact with house foundations, and cracks in building exteriors. Different combinations of these factors attract different species. Additionally, geographic location plays a role in how likely homeowners are to deal with infestations.
Is it hard to sell a house that has had termites?
Depending on the extent of the termite damage to your home, it’s possible to sell it on the open market like any other house (and even price it for its full fair market value), provided you take the proper steps to disclose known issues, make necessary repairs, and offer a warranty.