Dampness in a property can have a significant impact on its value. High levels of damp can cause damage to the fabric of the building, leading to costly repairs. It can also create an unhealthy living environment for occupants, causing respiratory problems and other health issues.
The acceptable level of damp in a property is measured using a damp meter. Readings are typically taken at several locations around the property, including walls, floors, and ceilings. The results are then compared to industry standards to determine whether the property is damp-free.
The presence of dampness in a property can significantly reduce its value. Potential buyers are likely to be put off by properties that are damp, and may offer a lower price or even withdraw their offer altogether.
The amount of value lost due to dampness will depend on the severity of the problem. Minor dampness may only have a small impact on value, while severe dampness can reduce the value of a property by up to 20% or more.
Dampness in a property is a serious problem that can have a significant impact on its value. If you are concerned about dampness in your property, it is important to have it investigated and repaired as soon as possible. This will help to protect your investment and ensure that your property remains healthy and habitable.