How Much Does Home Restoration Cost Without Insurance?
Water damage is a major cause of concern for homeowners today. The concerns coming from water damage can further aggravate when you don’t have a solid home insurance plan with you. According to the Insurance information institution, 1 in all 50 insured homes has a water damage claim every year.
The costs of the repair can vary based on the type of damage suffered, but it is usually on the higher side because restoring a house that has gone through water damage may require structural changes and updates.
Home restoration without insurance can be a lengthy and costly procedure. In this article, we look at the total cost of home restoration without insurance. Run through this article and find out just how much it will cost you.
Factors Impacting Cost of Repair
The cost of repairs for a water-damaged property can vary based on a number of factors. The very first factor determining the total cost of the repair will be the size of the affected area and just how much materials will be required to restore or repair that specific area.
Home insurance usually covers the cost of material repair and can provide some relief to homeowners. But, with something like water damage across the structure of the home, homeowners have to pay for the restoration themselves.
The restoration process for a water-damaged house is usually broken down into three phases. The first phase will account for water cleanup, removal, decontamination, ventilation and other fixes of the sort. The second phase will look at the cost of building and structural repairs. The final phase will look at the cost of replacement for mechanical equipment, including electrical damage done to wires and other electrical outlets in the property.
The cost of repairs for your uninsured property will also be determined by geographical factors, including where you currently live. The cost of repairs can vary from city to city within each state as well. The costs of labor, material, and other repair equipment will be different for each city, and you will have to factor in the rates within your city when making an estimate.
Cost of Restoration after Water Damage
The cost of your restoration on an uninsured home will be based on whether the damage was caused by freshwater, rainwater, or contaminated water. Clean water damage usually comes from a leak in the water pipes and is slightly less expensive to clear away. The cost for restoring an area damaged by clean water is marked at 4 dollars per square foot. The estimates were made by FIXR, an independent vendor.
The costs of restoring an area damaged by gray water coming from appliances and rain may come at around 4.75 dollars for each square foot. These figures were released in 2020 and can vary considering the post-COVID inflation rates.
The cost of repairs for water damage coming from a contaminated source, such as a sewer backup, ranks to be the highest. Sewer pipes usually have harmful bacteria in them, which isn’t just harder to clean but can damage your appliances and flooring. It can even leave imprints on your flooring leading to extensive repairs and replacements.
Cleaning a sewer backup can also be hazardous, which is why the repairmen need to be fully equipped. Cleaning water damage from a sewer backup or other black water sources can usually cost you upwards of $7.25 per square foot.
Repairs from Standing Water
Water shouldn’t just be left standing across your home because it can damage the structure and integrity of your property. The water coming from multiple sources should be stopped from coming into your house, and if it has, it should be cleared away at the earliest without further delay. Repairs from unattended standing water can also creep up to form a crazy figure.
The first thing you should do is to stop the source of the water from coming in. Then, you should perform a few safety measures to clean affected areas across the home. Debris should be the first to be cleaned up and removed from your home. The cost of the restoration can increase manifolds if you don’t address the stagnant water immediately and let it be.
You can be looking at an extra expenditure of some 12,000 dollars if you don’t address the stagnant water immediately. The water standing outside your house can lead to structural damages to the foundation and other areas of your home.
Restoring your home after water damage can be a lengthy procedure and a costly one if your house isn’t insured. However, the right thing to do is get in touch with a restoration service and initiate the process immediately rather than waiting for it. The more you wait, the higher your costs will get with time.
Home restoration without insurance can be a costly process, especially if you don’t have the right team working for you. Looking for a remodeling service provider in Dallas? 911 Restoration of Howard County is just a call away for you! You can get in touch with us to run a remodeling job that prioritizes your satisfaction and comfort.
