Ew, mold! So how big of a problem is mold when you’re buying a home?
Hi, I’m Jennifer Prestwich, the Prestwich Group at Madison & Co. Properties. Luckily in Colorado, we live in a fairly dry and arid climate. So mold isn’t common, but sometimes it does happen.
Mold can be found in all areas of the home, but it needs a moisture source to grow. The most common sources are leaking faucets and bathrooms, slow leaks under a toilet, sweating ductwork, and refrigerant lines, or missing insulation in the attic.
When you’re performing a home inspection, make sure your home inspector checks for moisture. That way they can identify where there may be a leak. And if there’s an abundance of moisture, you may want to do a separate test for mold.
Again, mold is fairly rare in our climate, but you want to make sure you are as informed as you can be. If moisture is evident, you’ll want to have any leaks repaired. This is usually a fairly quick fix, but if there’s suspicion of a larger water issue or even the presence of mold, the cleanup, repair, mitigation and retesting may end up costing a pretty penny.
And if mold is present, this will have to be disclosed on the seller’s property disclosure once the sellers are aware of it. Mold is also a health and safety issue.
So smart sellers are likely to work with you to remediate it so that everyone can get to the closing table.
Tune into the next inspection video, polybutylene piping. I’m Jennifer Prestwich, the Prestwich Group at Madison & Co. Properties. I’m living the Denburbs life, and I want to help you do it too.