When the remainder of your house is smoke, ashes and charred bits you typically reflect on your investment as being toast. What can you do with a fire-damaged Tucson house?
With fire and smoke damage you may realize it will cost more to restore than it is worth and you will still need to find a place in Tucson to live while you have it repaired.
Oftentimes when Tucson homeowners face this type of damage, they panic, but you do have options. After reviewing the structural loss along with the loss of your possessions might be enough to may anyone crumble to ashes. But it would be wise to carefully run the numbers to see if would be best to restore it or sell it as-is.
If you have a fire-damaged home in Tucson, the first thing you need to do is to contact your insurance company. When it comes to restoring a fire-damaged home it is not as easy as rebuilding a tree house or backyard shed. It is even more work than building a Tucson house from the ground up. For example, the house will need to be inspected for structural damage, water damage, plumbing and electrical damage, and environmental damage to mention a few. The repairs will hit your wallet hard as it may cost you more to repair than the value of the home. It will depend on how bad the damage is. In addition, you will need to hire a general contractor, deal with inspectors and insurance agents before it is all over. All this while you are continuing to work your 9-5 job.
The other option to consider, which is much more convenient would be to sell it. It will depend on how bad the damage is, as to whether you would be able to sell it as-is. If only a small piece of the house has been damaged this may work for you. In this case, depending upon your insurance coverage, you may receive a substantial payout for the damage. When you add this to the price the investor is offering you, you may find that the sum is equal to the property’s market value if the house was sold without any damage.
It may seem advantageous to make repairs to the house before selling it so that you can get a higher price for it. However, many buyers will want a huge discount for a fire-damaged house unless all the repairs are made and many investors will avoid buying fire damaged homes.
If you choose to make the repairs you will also need to be concerned about your liability if someone should accidentally get hurt while working or inspecting your property. Selling your fire damaged property quickly remove that extra concern.
If you currently have a fire-damaged Tucson home and are trying to decide on your options, contact Stained Glass Homes for a free, no-obligation offer. We may be able to help you quickly move beyond the pile of rubble and start fresh again. Call us at 520-200-3334 or click on the button below and send us your contact information. We will be in contact with you shortly. We can help you sell your Tucson house quickly!