Fixing a Mouldy home

[yaigesh]

Hi All

What is the best way to fix Mouldy home? Are there any contractors specialise in this?

Thanks in Advance
Mickey
Structured for Success Ltd

[sidinz]

Seriously? You expect people to actually answer this without you giving a single clue as to what is causing the mould? It could be any number of things.

[yaigesh]

Hi. I am a new user. Don't know much.. I was looking at buying a house which has mould in it.. Thought if it is viable to fix the house, i can look for buying.

http://www.trademe.co.nz/property/residential-property-for-sale/auction-1170823341.htm

Mickey

[Keithw]

the ad tells you "weathertightness issues, and the presence of toxic mould"
that means LEAKY BUILDING !!!!

Run, run as far as you can, this is ONLY a job for a gambler and probably a builder who can do a whole bunch of repair work at minimal cost.

this is not just a mould issue, there are structural issues that will cost a fortune (think 150 - 200k) if you are lucky

[yaigesh]

the ad tells you "weathertightness issues, and the presence of toxic mould"
that means LEAKY BUILDING !!!!

Run, run as far as you can, this is ONLY a job for a gambler and probably a builder who can do a whole bunch of repair work at minimal cost.

this is not just a mould issue, there are structural issues that will cost a fortune (think 150 - 200k) if you are lucky

What about Banks? They would be happy to help or not?

[Keithw]

unlikely unless they knew you had plenty of reserves, or know you had a history of building or restoration.
Insurance would be a big issue

[BigDreamer]

If this wasn't a property ridden with weathertightness issues, I would have recommended installing a ventilation system as I have seen them work wonders. Tip from experience is to ask the installer to have the main switch to be hidden so the tenants do not switch it off during tenancy.

[sidinz]

Yaigesh, it's pretty clear from your posts on this thread that you're not very experienced in property. Fixing leaky buildings is high-risk and requires that people really, really, know what they're doing. You don't. Stay right away.

People have lost everything they had and committed suicide over leaky buildings. It's very serious stuff. There's a reason it's so cheap. Most experienced property investors wouldn't touch it because they know they haven't got the expertise needed to navigate such dangerous waters.

[alundracloud]

There is a wikipedia page which discusses leaky homes- google "leaky homes crisis".

sidinz advice above is spot on. I wouldn't go anywhere near that property unless you absolutely know what you're doing.

[roughy]

Hi All

What is the best way to fix Mouldy home? Are there any contractors specialise in this?

Thanks in Advance
Mickey
Structured for Success Ltd

Late 1990's early 2000's, no soffits, textured cladding and now days they put it on a cavity. You can google it too, they are high risk and cheap for a reason because although some may be over estimated it can cost you hundreds of thousands to fix.

Most people fix them by employing a building surveyor specialising in weathertightness to asses the remedial work and assist the council in signing it off.

[cube]

Yes, there are ways to fix it - and a serious option may be to remove and rebuild, in which case the price you should pay is the value of the land less the cost of removal.

As already said, the cost to re-clad and repair a leaky home is north of $150k; even then, the fact the home was leaky will stay on its record, meaning that it won't be as saleable in the future.