Real estate investor and mold expert Robert Tweed shares some vital insights regarding mold and its effects on health and property values.
Mold is a major issue for property owners and if not taken care of, it can cause a lot of damage. If caught early, mold infestations are often easier to eradicate. Robert Tweed, a real estate property investor, is going to discuss some of the many negative effects of mold.
“When you think of mold problems your mind might first be drawn to the cosmetic effects,” Robert Tweed points out. “Still, looks are only one of many problems, and arguably, not even the biggest issue.”
Many experts argue that the health effects of mold are an even more pressing issue. Mold has been linked with various respiratory issues and could quite literally make it difficult for people to breathe. Researchers have even found links between mold and the development of asthma.
“We all need to breathe,” Robert Tweed says, “and mold can make it difficult to do so. Tenants and property owners may find themselves suffering from various respiratory issues if they don’t take care of mold quickly and effectively.”
Some people are also allergic to mold. A mold allergy can cause severe allergic reactions, leading to even more complicated respiratory issues. Some people and also pets suffer skin allergies caused by mold as well.
If mold is not addressed, people may fall ill. This could lower their productivity, increase stress, and cause a whole host of issues. On top of all that, mold can also reduce a property’s value.
Robert Tweed Discusses How Mold Can Reduce Property Values
At the end of the day, human health is the most important factor when it comes to mold. That said, mold can also reduce the value of properties and cause other monetary issues. While these issues are of secondary importance, they’re still important, especially for property owners.
“If a property is suffering from a mold infestation, it can lower property values,” Robert Tweed argues. “Not only will the property look bad, but potential buyers will also have to factor in the cost of cleaning up the mold. And if mold is the result of a poor air circulation system, they may factor in the cost of replacing or upgrading that as well.”
Mold can destroy air filters, damage electrical systems, and ruin air conditioner units, among other things. Many mold infestations start small but can quickly grow out of control. That’s why property owners should keep an eye on mold and address it as soon as possible. That might cost money, but by acting quickly, property owners can reduce costs.
“Whenever I discover mold in one of my properties, it’s all hands on deck, man the battle stations,” Robert Tweed says. “By addressing the mold immediately, I lower risks and prevent more expensive cleanups later. Addressing mold now may save expensive appliances and protect your air circulation system.”