Water damage results in thousands of dollars in claims each year in the U.S., and according to the Insurance Information Institute 1 in 50 homes files a water damage claim each year. How do you determine how much water damage is going to cost? MA Restoration is here to help break down the costs of water damage for homeowners in Framingham.
There are several factors that need to be taken into account when determining water damage repair costs, such as: location, size of the affected area, category of water damage, how long damage has been present, extent of the damage, cost of labor, and cost of materials. All of these factors will fall into one of three categories of expenses following water damage:
Let’s break down these different factors, and explain how they cause prices to vary – starting with the size of the affected area. This is pretty self-explanatory but the more square footage that has sustained damage, the more costly removal and repairs will be. Depending on the type of water that has damaged the area, cost will be less or more expensive. Damage from category 1, or clean water damage is the easiest and least expensive to cleanup, estimating around $3.75 per square foot. Gray Water, or Category 2 Water, may have chemical contaminants that makes cleanup more expensive. Damage sustained from gray water estimates around $4.50 per square foot for cleanup. The third category of water, Black Water, is grossly contaminated water and is deemed hazardous to health. Cleanup from this type of water estimates $7.00 per square foot.
The amount of time water is allowed to sit will also affect repair costs, because the longer water damage is present, the more extensive the damage will be. Delaying drying and repairs after water damage could end up costing thousands of dollars more because water damage escalates very quickly. FIXR Cost Guides estimates that repair costs can increase by $10,000 when 1 inch deep or more of water is not dried out or cleaned up in a timely manner. The extent of damage will only increase the longer water is left to penetrate and seep into materials in the home. Repair costs will also vary depending on your location, but there are some general ballpark prices for basic home repairs that we can use to help calculate water damage repair costs.
All of these costs can add up, and water damage can become a pricey affair. Because your home and possessions have more than just monetary value, it is important to make sure the right people handle your water damage repairs. MA Restoration has the knowledge and training to effectively dry the area and restore materials that are costly to replace, meaning you get a quality finished project with minimal disruption and for the best cost.