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Water leakage, Mold and Real Estate: Should You Be Afraid?


Water leakage, Mold and Real Estate: Should You Be Afraid?

Last Updated on May 3, 2023

Mold and Real Estate: Should You Be Afraid?

As a potential homeowner, one of the worst things you can discover after closing the deal on your new home is mold. Not only can it be unsightly and cause unpleasant odors, but it can also lead to health problems for you and your family. The question is, should you be afraid of mold and walk away from a great home?

The Root Cause of Mold

Before we dive into that question, it’s important to understand that mold is not the cause but the result of other problems. Mold typically grows in areas with water intrusion, such as from a water leak or high humidity. Some common sources of water problems include leaking pipes, a leaking roof, high humidity, and foundation problems.

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Toxic Black Mold: Fact or Fiction?

There is a lot of fear and misinformation surrounding mold, particularly “toxic black mold.” However, it is actually quite rare to find this type of mold growing in a home. Additionally, just because you can identify it as “toxic black mold” does not necessarily mean it is toxic. In fact, some molds are allergenic and not toxic at all.

That being said, mold is not something to be taken lightly. It can cause health problems such as allergies, asthma, and respiratory issues. The key is to address the underlying water problem that is causing the mold growth.

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Finding Mold Before or After Purchase?

So, back to the original question: would you rather find mold before or after purchasing your home? While it may seem like finding mold before purchase would be a deal-breaker, it actually gives you the opportunity to have the seller make necessary repairs before you move in.

If you do find mold before purchasing a home, be sure to have a certified mold inspector perform an indoor air quality test to ensure that the repairs were done correctly. This will give you peace of mind knowing that your family will be moving into a safe and healthy environment.

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Don’t Walk Away from a Great Home

In conclusion, mold should not be the reason to walk away from a great home. With proper repairs and air scrubbing, mold can be remediated and your home can be a safe and healthy environment for you and your family.

Before you decide to walk away from a potential home due to mold, consider having a certified mold inspector in Toronto perform an indoor air quality test to assess the extent of the problem. This will help you make an informed decision about whether or not the home is worth pursuing.

At the end of the day, mold may be an inconvenience, but it is not a reason to give up on your dream home.