Living in the state of Florida, most of us have known someone who had a sinkhole, or at least know someone who has had one. Sinkholes can be a big issue, seeming to develop overnight without any signs that one was present, or they can be slow creepers that take many months or years to be noticed. A sinkhole can damage much of the property and homes that are in the area, that’s why it is a good idea to go ahead with sinkhole repair. Homosassa Springs residents should be made aware that a property that has had a sinkhole on the property is often cheaper than those that have none. Many people are interested in knowing how a sinkhole can affect the home and property values, as it is bigger than you might think.
Homes with Known Sinkholes are Significantly Cheaper
When you are looking for a home in the state of Florida, it is very common to look into if a particular home has had any sinkhole activity. While most people might think It is just a realtor being thorough, it can actually be a way to determine the price of a home. Even if the sinkhole was fixed with professional sinkhole repair, Homosassa Springs residents should know that a home will be seven to ten percent cheaper than a home that has never had any effect of sinkhole activity.
The Price of a Home with an Active Sinkhole
It is even an option to sell a home with an active sinkhole on the property. Even though this is an option, homeowners should not expect to get an offer for the value of the house alone. Homes with active sinkholes are sold because they do not want to pay to have professional sinkhole repair. Homosassa Springs residents should know that most sinkholes can be repaired, but without insurance it may cost more than what they had hoped.
*Disclaimer: The views expressed here are those of the authors and do not necessarily represent or reflect the views of *Sinkhole Titan*
