Mold in your house can definitely have a negative effect on the property’s value. That is because it indicates the periods owner of the property (that is you of you’re selling your house) didn’t pay attention to the wellbeing and looks of his property.
Mold can also push away serious buyers who also care about the short and long term consequences of mold on the house, and in the health of their family. Concealing a mold in your house while selling is always a bad thing to do, as it sets a negative precedent in the buyer and seller relationship.
As a seller, you should tell the potential buyer about the mold, indeed if you fail to do so, and the buyer discovers the mold during or after the transition period, he can file a claim for legal liability against you for concealing the truth.
As a buyer, you’d love to have a seller who discloses all the truths about their house. If the buyer doesn’t disclose the mold issue, you’ll be really disappointed by the buyer’s lack of reasoning for disclosure when you actually discover the issue. Even if this wasn’t on purpose by the seller, you’ll find it difficult to trust the seller again.
Inspecting The Mold
If you want to keep your house safe from mold relayed issues, you should keep inspecting on regular basis and see if there is any noticeable mold growth in any part of your house.
Home inspections are best done by qualified professionals who have years of experience of doing such things. The experts will find it easy to look for any damages due to mold, or any signs of early mold growth.
This is how mold can affect your property’s value. You can also check Mold & Property Values | MCT for more info on the topic.