- Mold and asbestos inspections are well worth the cost when investing in a house flip.
- You can turn a property with mold, mildew, or asbestos into a profit.
- Mold remediation can be swift and quickly taken care of, saving you time in renovations.
If you are involved in the Denver flip house market, you know mold remediation costs can be part of the expense. But you can turn that expense into added profit. It is the same with asbestos remediation. Investing in a mold and asbestos inspection with an independent third-party testing company before you buy a property is a wise decision.
If mold is found, you can use that finding to negotiate a better purchase price as a buyer. If you are lucky and no mold is found, then you already have inspection clearance taken care of when you are ready to list the property as the seller. You are one step ahead and can add the inspection cost to the price on the house when it is ready to list.
But if there are mold or other environmental hazards, you can work with Breathe Easy Environmental for cost-effective mold or asbestos remediation as part of the renovations for your flip while raising the value of the house.
Evaluating Distressed Properties: The Real Mold Remediation Cost per Square Foot
It is no surprise that many older Denver properties may have mold, mildew, asbestos, or other hazardous issues hidden in their walls, basements, crawl spaces, or attics. With our local seasonal moisture and rapid temperature changes, we have inviting conditions for mold to grow.
Buying distressed property with mold is not only doable but can add to the profitability line. Factors to consider include:
- The cost of the inspection itself.
- The location of the mold or asbestos – is it limited to one bathroom, the kitchen, the basement, or the attic?
- The type and severity of the mold or asbestos – how toxic and extensive is it?
- If mold was caused by water damage, consider the additional expense for repair of the water-damaged area as well as the remediation itself.
Generally, the expense to measure mold remediation is by cost per square foot. The more extensive the damage, the higher the repair expense. Additionally, the location within the house should be considered in cost factoring.
Once you have had an independent inspection performed, you can contact Breathe Easy Environmental to receive an accurate quote for our remediation and abatement services. Please note that we specialize strictly in abatement and remediation to ensure unbiased results; we are not a testing or inspection company. There could be additional expenses for replacement of ruined drywall, flooring, and insulation. Knowing all the cost figures helps your budgeting before making an offer on a property.
Turning Hazards into Buying Power
Flipping a house with asbestos is doable. Mold, asbestos, and mildew are not deal killers. They, in fact, can be a profit opportunity to figure a distressed property discount into your offer as a buyer.
Protecting Your ROI: Speed, Holding Costs, and Third-Party Clearance
As a Denver flipper, you want to hold a property for as little time as possible. Holding on to a house over time becomes a drain on your capital. You are looking to invest, take as little time as possible to spruce up a property, and quickly liquidate. Having a third-party testing company complete your inspection before you buy takes that out of that time frame because it’s already done.
If remediation is needed, you have already found your local and family-owned remediation business to team with for a fast turnaround time to help you maintain your timeframe and stay on budget.
Partner with Denver’s Fast-Turnaround Remediation Experts
Breathe Easy Environment is properly licensed and insured, and we use the best cleanup practices with our remediation services while adhering to all local, state, and federal environmental regulations. We are ready to team with you, a Denver investor looking to protect your margins and close cleanly. Contact us today.
Image credit: // Shutterstock // Fevziie
