Do Termites Affect Home Value?

What percent of homes have termites?

Termites are the greatest pest concern, worrying one in four, and 13 percent actually experienced termites in the last 12 months.

Nearly one quarter (22 percent) of homeowners had experienced structural damage to their home from a pest problem..

Is it OK to buy house with termites?

Trey McCallie, principal broker at Urban Toolbox Real Estate in Lexington, KY, suggests that a buyer can purchase a home with termite damage as long as it’s not in the floor joists or any of the main supports of the home.

Is termite damage a deal breaker?

The presence of termites in a home that you are thinking about purchasing is a big deal but does not have to be a deal breaker. … After the termite inspection you can discuss treatment options with the inspector. There are a few different options depending on the severity of the infestation and the type of termites.

Does a seller have to disclose termites?

So, do you have to disclose if the property has termite damage or asbestos when selling? Potentially, yes. … Information about the properties history that could impact the sale or value of the home… Such as a violent crime or death at the property or if illegal drug activity took place at the property.

How do you know if termite damage is bad?

Swollen Floors And Ceilings Like buckling wood, swelling floors and ceilings are an indicator of water damage or a termite colony. Termites burrowing into the wood causes it to swell and bulge. This swelling is more than an eyesore. It’s a sign of dangerous structural damage.

What attracts termites in the house?

In addition to wood inside the home, termites are drawn inside by moisture, wood in contact with house foundations, and cracks in building exteriors. Different combinations of these factors attract different species. Additionally, geographic location plays a role in how likely homeowners are to deal with infestations.