Restoration of a water damaged structure is extremely important to ensure a healthy environment and a sound property. Presence of moisture leads to mold and mildew growth, which can result in various health hazardous for the house occupants. Moreover, constant leaking of water can damage the roots and the structure of the property which may lower the value of the property on the whole. Therefore, it is essential to keep an eye on the water damage and perform regular repairs in order to restore your property.
Water restoration costs are quite high yet it is considerably low as compared to the costs associated with the replacement of the structure and the items damaged beyond repairs by leaks and floods. Moreover, losses associated with water damage are also great as homeowners lost more than $9.1 billion between 2007 and 2009 in water damage. Experts agree that homeowners can save up to 50% of the cost of repairing water damages.
Water Damage Repair Cost:
So how can one identify the water damage repair cost? Well, there are a number of factors that affect the overall water damage repair cost. Let us have a look at these factors:
Type of water
There are basically three types of water, which can be present in a house. Whitewater is the clean water, which comes from rain from a broken window or from a tap that was accidentally left open. Whitewater poses no serious threat to the health of occupants. Grey water is a discharge from washing machines or dishwashers and contains biological pollutants which may cause illness. Blackwater, on the other hand, is the most contaminated water from sewage or from flooding and contains severe health risks. The cost of water damage repairs is the highest when dealing with the grey or black water as a strong disinfection process is needed to deal with it.
The extent of the damage
Usually, the water restoration repair companies give their cost estimates based on the extent of the damage done by the water or the area of damage they will be dealing with. Restoring an area damaged by rotting and mold will cost more as compared to the area with less water damage.
The amount of affected material
The water damage restoration cost also depends upon the amount of damaged material the company is going to deal with and the items they need to restore. The more items damaged, the more the cost.
Source of moisture
The cost also depends upon whether you have dealt with the source of moisture or not. If the restoration company have to deal with the water or moisture source along with the water damage repairs, the cost will be much higher.
Last but not the least, labor rate also affects the water damage repair costs. The higher the labor rate in a specific area, the higher will be the overall water damage repairing cost of a company.
On the average, water damage repair costs, which simply includes drying out is around $2,700 and the average water damage insurance claim can get you around $7,500 which includes drying and restoration as well.