Cost-Effectiveness and Basement Waterproofing
Owning a house with a wet basement or leaky foundation is highly detrimental to the house’s economic value. If you have experienced leaking in the foundation in the past or are seeing water coming in for the first time, it is imperative to act immediately and have Benchmark Waterproofing install a modern new waterproofing solution. You are likely not prepared for a waterproofing expense at this time but the outlay for a Benchmark installation is minor compared to the ever increasing economic costs of delaying or keeping your wet basement unrepaired.
Let’s look at the economic impact of a leaking foundation. First, if you are selling your house, a wet basement puts off buyers. No one wants to take on another’s problem and they will pass your house by. Even if you try to hide the problem with paint and cleanup, home inspectors and real estate agents can still see the telltale signs. In any final Toronto or GTA real estate deal, foundation leakage must be disclosed. Should your buyer be willing to buy the house with an unrepaired problem, they are going to want to reduce their purchase offer to account for the wet basement. Their uninformed and self-interested estimate of the costs of remediation is always greater than the actual cost of repair and may cost you thousands. Save yourself the hassle and get the work done efficiently by Benchmark.
Even if you’re not going to sell your house in the immediate future, the wet basement in your house is causing economic damage. Anything that you’ve stored is or will be ruined by the water infiltration and/or the subsequent growth of moulds and bacteria. So, the value of those items is lost and the space is not available for retaining any new items you may want to keep. You may have to rent storage space to accommodate your cherished possessions. Also, if your basement was finished, all the finishing components such as paint, drywall or insulation will have to be torn out. Their integrity and value is lost when they are exposed to water. If it’s unfinished but you plan to go ahead and do that work, an uncorrected water problem is an expense waiting to happen.
Clearly, it makes money sense to address your wet or leaking foundation immediately by calling in Benchmark Waterproofing’s team of professionals. Your wallet will thank you for take this action.