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Termite Damage And Real Estate 07/17/2010

Termite damage, no matter how small the amount, is never good for a home. During a real estate inspection, if any termite damage is found, it must be reflected in the report and may affect the transaction. In most cases, the buyer is told that the seller will fix the problem. Although this may sound good to some buyers, other buyers remain skeptical until they are given proof that the work is done.
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Of course it’s always nice to a buyer that the seller will pay to have the termite problem treated, which will normally cost between $300 to $1,000 depending on the amount of damage. Even though the termites will be gone, you have to wonder about the damage to the structure. In some of the more severe cases, damage to the structure can cost up to 50 times the cost of the treatment. The last thing you want is to move into a home that you know has been treated for termites, only to find the structure is in worse shape than was expected.

If any type of damage was done to the wooden structure of the home, you may need to get immediate repairs done. While some damage may be visible, there are other types of damage that may seem invisible to the naked eye. To find out just how bad the damage is, carpets and rugs will need to be lifted, furniture and appliances moved, walls and ceilings will need to be opened, and even some types of excavation may be needed.

This is the only way to adequately measure the extent of the damage caused by termites. If you don’t inspect every area of the home, you could be moving into a home that has severe structural damage - which can cost you thousands to repair. There could also be latent damage present as well. To determine this, you’ll need to have invasive and destructive testing performed on your home, which must be performed by qualified contractors and specialists. This will help to determine the extent of the damage and the cost of subsequent repairs. Be mindful of the cost involved in this process.
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Destructive and invasive testing can cost you an arm and a leg, although you’ll need to have it done if you suspect termites or know for a fact that the home was treated for them. To protect yourself, you should always get a treatment and repair history before you purchase the home. If you are renting the home, you’ll need get written documentation from the specialist that details the damage to the home and cost of repairs.
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Before you buy a home, you should always have it checked for termites. Termite inspection and report is a standard clause in most real estate contracts. There are a lot of termite inspection companies out there, many of which go above and beyond to check the home for any type of termite damage. You don’t want to buy a home only to find out that it has been infested with termites. If you have the proper inspections performed before you make the purchase, you’ll know for sure that you don’t have to worry about termites or termite damage.

If the inspector or contractor doesn’t find any termite damage, you should always have it documented. This way, if termite damage does exist, you’ll have the documentation to back you up. Termites can be very destructive to your home, especially if you are looking towards a log home. Termites can destroy wood in little to no time at all, which is why you should always do what you can to have your home treated as soon as you suspect any type of damage. If you know a home has been infested with termites before - you should really make sure that the structure isn’t damaged and the termites are gone before you commit to buying.

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