Will I Get An ROI (Return on Investment) For Waterproofing My Basement?
You might be thinking of putting your home on the market in the near future, or maybe you have seepage that you want to fix but are not sure if you want to sink a large sum of money into a home you may soon end up selling. After all, waterproofing can be a pretty penny! Asking if you will get a return on your investment for waterproofing your basement is a commonly asked question, and rightly so. Just like any major home improvement project, waterproofing is an investment. Who would not want to know if they will get their money back at some point!
Given the challenges of selling a home, the last thing you want to do is flag it by having a wet basement. Sure, there is a market of Do-It-Yourselfers as well as flippers and some first-time home buyers looking for a project to tackle. Your average Joe, however, isn’t capable nor willing to make their own repairs. Many experts agree that basement waterproofing is a valuable home repair that is well worth the expense. It not only strengthens the foundation, but it can also eliminate potential health problems. It also gives an unfinished basement the potential to be finished and add more living space.
In the 21st century, many home buyers are looking for move-in ready homes where they put in little to no effort to move in. If you have a basement that is not waterproofed or that has seepage a home buyer may negotiate the cost of repairs or waterproofing out of your total listing price and in their offer. It is estimated that a homeowner can expect to get an ROI of about 30% for their basement waterproofing! This means you will likely get your investment back plus an additional percentage!
Investing in things like Drain Tile, Crawl Space Encapsulation, or even a new sump pump and battery backup will add the most value to your home and give you the most ROI as this helps ensure water will stay away and keep your basement dry! That is pretty enticing to a potential home buyer.
Not only will you see a return on investment, but you will likely also sell your home faster! Who doesn’t want that? It is always more attractive to a home buyer to already have this work done with most waterproofing warranties that transfer to the new homeowner.
U.S. Waterproofing can come check out the issue, offer solutions, and provide you with a free estimate usually right on the spot. Our trained professionals will ensure a seamless experience for you. We also provide a transferable warranty for any of our work to the new homeowner. Even if you do not sell, you can enjoy knowing your basement is dry!
