Leaky pipes and natural disasters are two of your basement’s worst enemies. If you don’t properly prepare your space for emergencies, you could set yourself up for some pretty serious financial woes. While you can’t accurately determine exact water damage costs by square foot, the repairs will almost certainly be expensive. Generally, the larger the damaged area, the higher the cost. The average cost of water restoration is approximately $2,700—and if you have severe damage, it can even go up to as high as $7,500.
If your basement has water damage, you’re not alone. The American Society of Home Inspectors (ASHI) estimates that 60 percent of U.S. homes have wet basements. While it may seem tempting to tackle the problem on your own, it’s more cost effective to hire Chicago basement waterproofing professionals instead. Depending on the damage, you may also need to perform mold remediation. This too, as you might imagine, is an expensive endeavor. But, with a properly waterproofed basement, you won’t have to worry about mold or paying for this expensive service.
But what if I have insurance?
Your insurance company might be able to assist you with water damage restoration costs. Remember to check your plan, as some companies won’t cover floods (let alone water-damaged items).
The repairs truly add up, and many of them may come as a surprise to you. However, they’re not nearly as surprising as the costs of replacing your possessions. When it comes to water damage, you have to be quick; the longer water sits in your home, the worse the damage becomes. To avoid hefty replacement costs, seek out the professionals at The Real Seal—we’ll waterproof your basement for good.
The Real Seal is your trusted Chicago basement waterproofing company. We give your basement our full attention, so you can relax knowing that water doesn’t stand a chance.