References: HomeWyse, HomeAdvisor
Repairing water damage can be very expensive depending on the location and extent of the damage. Costly damage occurs when water comes in contact with wood, sheetrock, fabrics, or other biodegradable material like paper or cardboard. Left untreated these develop mold, causing other health and safety issues. The most important aspect of repairing water damage in your home is to catch it as early as possible.
The cost to Repair Water Damage averages $11.08 - $11.69 per square foot in 2014. This Water Damage Repair cost estimate is calculated from average material costs, unit labor productivity rates and national average hourly labor wages.
Common causes
The most common causes for water damage are:
- Leaky roof
- Burst pipe
- Faulty window and door installations
- Broken or leaking water lines
- Leaky toilet
It's important to keep an eye out for these causes so you can catch them early on and avoid expensive water damage to your home.
Water Damage Repair - Average Cost Per Square Foot
Expect to pay in the high end of the $11.08 - $11.69 per square foot range for a licensed, bonded and insured contractor and for complex or rush projects. Hire carefully, only after verifying prior work quality.
For the best value on Water Damage Repair: combine related projects; get bids from several pros; and be flexible about project scheduling.
Cost to Repair Water Damage - Notes and General Information
The cost estimate includes:
- Costs for local material / equipment delivery to and service provider transportation to and from the job site.
- Costs to prepare the worksite for Water Damage Repair, including costs to protect existing structure(s), finishes, materials and components.
- Costs for job cleanup and debris removal at project completion.
- Labor setup time, mobilization time and minimum hourly charges that are commonly included for small Water Damage Repair jobs.
The cost estimate does not include:
- General contractor fees for organizing and supervising the Water Damage Repair. Add 12.1% to 19.3% to the total cost above if a general contractor will supervise this project.
- Sales tax on materials and supplies.
- Permit or inspection fees (or portion thereof) required by your local building department for your overall project.
Insurance
Most homeowners' insurance policies will cover water damage as long as the damage is caught soon after it occurs. If the insurance company can prove negligence on the part of the homeowner, then they can refuse to pay. Report leaking roofs and pipes as soon as you discover them so your insurance will cover the damage.
Mold
Mold and mildew are among the biggest and worst damages by water. Mold grows often where it can't be seen, such as the corners of basements, under rugs and carpets, and between walls and baseboards. By the time you find it, there might be extensive damage to your home, not to mention your health. If you think you smell mold, call a mold specialist or water damage restoration company immediately. They can provide industrial strength fans and dehumidifiers to dry out the mold in your home.