From time to time property owners have to deal with water leaks. In most of the cases, the level of damage is usually small and so is the cost of rectifying the issue. However, when left unchecked, this could spiral to more damage that would be expensive to rectify. In some cases, the damage caused is simply irreversible and would entail replacements of some sections. In fact, this is the reason why water leaks form the second largest volume of claims in property insurance.
This post will look at some of the risks that are associated with water leaks especially when the plumbing is left unchecked. With this, it will motivate you as the homeowner to seek plumbing assistance should you detect any leaks soonest possible to reduce the damage.
When there are water leaks especially on the wall and on the floors, and this goes on for an extended period of time, there will be the growth of mold and fungus. Serious health complications could develop as a result of exposure to these elements in the respiratory system. To combat this, whenever an area is identified to be continuously wet, or there is discoloration of the paint, plumbing inspection should be done to confirm if there is a leak.
Water leaks in a building require attention. Even with immediate attention, there is still monetary loss given that you will require a skilled plumber to look at the damage and have it repaired. However, this is the right path to take since if neglected the damage will be much more. As a property owner, you also risk facing personal injury claims from the tenants should it be proven that the water leaks contributed to any health risks and the amounts in such claims could be colossal.
Degradation of the structure
Most of the building materials, if not waterproofed, will be destroyed by the water especially if the exposure to the water is over an extended period. For example, most of the lumber in a structure will swell leading to uneven surfaces and possibly cracks to others. Also, if the leaks are on a section of concrete that was not waterproofed, degradation of the area will occur. This leads to peeling of paint and the integrity of the concrete leading to expensive repairs. For drywall, the consequence is even dire as when they absorb the water they start to expel a bad odor and even warp.
When there are water leaks especially on the walls, there is a danger of the water being leaked to come in contact with your electrical wiring. The risk is present both with minor leaks and the major ones. The danger of having electricity coming in contact with the water is a potential shock to the residents or their pets and even a potential cause of a fire. This is still another area that can cause a property owner massive financial losses should there be personal injury or even loss of property in the case of a fire.
Loss of Property value
In the cases where the leaks have been left unchecked over a long period of time, the damage caused does manifest in the structure of the building. As mentioned earlier, there is a possible degradation of the structure, and this would lead to lower property value. This is such a great risk given that property ownership is one of the biggest forms of investment for most people.
As noted, there are a lot of risks as a result of water leaks, and it has been observed that when even the simple household leakages are corrected, it could end up saving a homeowner about 10% of their expenses in water bills. Also, it is important to seek plumbing help as soon as a potential water leak is detected to help lower the possible damage and risk discussed in this post. It would be a great ideal to identify the faulty plumbing parts so that they can be replaced.