If you are looking to purchase a home and suspect the possibility of mold problems, or your real estate agent recommends having it done, it’s worth the time and extra expense. Serious mold problems can be expensive to correct. For example, if you have mold present in interior walls due to a roof leak, leaking pipe or chronic water drainage problem, entire sections of the wall will need to be replaced and the source of where the moisture is coming from will need to be stopped.
You want to know of mold issues before closing on your property so that they can be taken care of beforehand. If there is a mold or moisture problem that needs to be corrected, it should be reflected in the purchase price or be a condition that must be met before closing. Many states don’t require a homeowner to disclose that the home has a mold problem and most insurance companies don’t cover the major portion of mold damage.