Flooding is a scary event no matter the size of the flood. For many, it can be overwhelming to decide what to do when their house floods. Should they sell or should they repair? That’s up to you! In this blog post, we’ll discuss all of your options so that you can make an informed decision about how to proceed after flooding damages have occurred in your home in San Antonio Texas.
How To Decide Whether You Should Sell Or Repair
When your house floods, it’s important to take a deep breath, do not take it that easy this is a time sensitive decision, so it’s crucial that you start making decisions as quickly as possible because the more time passes the more damages there will be.
When you have a flood, there are many things to take care of. Flood damage repair is not cheap! depending on the size of the flood damage, If it’s minor flooding or if there are only damages in certain parts of the home then this isn’t as big of an issue but if there has been major water damage and extensive repairs needed then this could become a problem.
It really depends on what type of water damage occurred as well as its extent. If there was flooding due to sewer back up into your bathroom then this would be considered major flood damage because sewage can cause further health problems so this would definitely need extensive repairs which means no matter how long you take deciding whether to sell or repair, costs will add up quickly!
The first thing you’ll need to do is contact your insurance company. When you speak to them, they’ll help you determine if the damage is covered under a standard policy or if it’s an excluded event such as flooding. Which in most cases you need to have extra coverage to cover flooding.
Unfortunately if you don’t have extra coverage for flooding , you may be in trouble because now your insurance company is not required to help pay for any of the damages.
If there are no damages covered under your standard policy, then that means that you will need to cover 100% of all expenses on your own. These types of repairs can get very expensive and could put a huge dent into most people’s wallet especially if they aren’t prepared financially for this type of event. So it may just make sense to sell at this point .
If you have covered damages, then it’s time to sit down with a professional. If the repair estimates come back saying that your home will need extensive repairs and sewer damage is not excluded under standard insurance coverage, We strongly recommend that you sell your San Antonio Texas house fast.
Evaluate the damages
If the insurance company covers the damages or not. It is important to get an idea of how bad the damages are. Many cases the water may be still running inside the walls or the floor without you noticing, which means it will get expensive to repair fast.
That is why it is important to evaluate the damages, get professional help if you need to, so that you can have an idea of how much it is going to cost.
You do not want mold or mildew building on anything because this could lead to further health problems down the road.
It’s important to act quickly because mold can begin building on anything at this point, so don’t delay!
Sell or Repair?
You may be wondering: should I sell or repair? It is a tough question to answer and the best thing that you can do for yourself is to list all of your costs associated with repairing the damages versus the costs associated with selling and most importantly if you can afford to repair it.
You can take a look at your finances and see where you stand financially so that you have an idea of whether it makes sense for you to sell or if repairing is the way to go.
If the damages are big repairs are going to be too pricey and if you can’t afford to repair it on your own, then perhaps selling is the best option for you.
Depending on which way it balances out more in cost will give you an idea of what direction makes the most sense financially.
Now we’ve gone over several different scenarios but if you are in a position where making expensive repairs is not an option now might be a great time to sell so that you can recoup some of your losses from selling quickly.
Can I sell a flooded house in San Antonio Texas?
Who may be interested in buying a flooded house in San Antonio Texas? that is a really good question.
There wont be a lot of buyers that might be interested in buying a damaged property, which may lead to mold problems in the future. Specially if you think about listing your house in the Market… Well you are right, this wont be a good choice, however you have options to sell your property which is flooded.
You have options even though it appears to be a problem that might not have fix, you are still in a position where you can improve your situation.
Now might be a great time to sell so that you can recoup some of your losses from selling quickly rather than waiting for months on end to fix everything up before putting it back out onto market again.
How can I sell my flooded house in San Antonio Texas?
if you do want to sell the house and avoid making any repairs at all your best option would be to contact a Real estate Investor like us, we will be willing to help you out giving you options to buy your house in San Antonio Texas that has water damage at no cost and no obligation to accept. Consultation is always free you are yous some clicks away from getting them.
Best of all is that we will buy your flooded house in San Antonio on your time frame. If you want to make the move fast, which could be a smart decision, you got it we can definitely do it.