The cost of water damage restoration can greatly vary. Water damage from a leaking ceiling will probably not cost the same to restore as extensive property water damage after a flood or hurricane. The disparity in water damage restoration costs is all the more apparent when you realize that it often ranges from $1,305 to $5,707 on average. That’s why it’s good to know what to think about when anticipating the cost of water damage restoration. Luckily, you can read this blog to learn more about these factors.
6 Factors Affecting The Cost Of Water Damage Restoration
In order to be prepared to pay for whatever water damage restoration services you need, it’s important to understand the factors affecting the cost of this service. Here are the six most prominent factors that impact the total cost of water damage restoration:
1. Water Damage Category
Water damage categories refer to the state of the water involved in the damage. The three category divisions refer to clean water (category 1), gray water (category 2), and black water (category 3). Clean water hasn’t come into contact with hazardous substances, while gray and black water have. More specifically, gray water is contaminated by food particles and detergent, while black water is contaminated by bacteria from things like mold or fecal matter. As a result, Category 3 water damage will be the most expensive to address at around $7.50 per square foot, while Category 1 damage only costs up to four dollars per square foot.
2. Water Damage Class
Classes of water damage refer to the extent and location of said damage, of which there are four, with Class 1 being the least and Class 4 the most expensive. Class 1 damages are situations that may not even require professional assistance, like a leaky toilet, and can total $150-$400. Class 4 water damage, on the other hand, results from severe storms and may cost $20,000-$100,000 to restore, depending on the extent of it.
3. Types Of Damage
There are also different kinds of water damage that can vary in cost, such as cosmetic and structural, with structural being the most costly, ranging anywhere from $1,500 to $10,000. Electrical damages and mold remediation are other types of damages that can impact the cost of restoring water damage.
4. Extent Of Damage
Paying for restoration based on the damage’s extent also depends on square footage. For example, water-damaged hardwood floors cost $10.45 per square foot to restore, and wall plaster costs $18.75 per square foot.
While category, class, type, and extent of damage are four of the main factors affecting the cost of water damage restoration, one additional factor to consider is labor. The labor costs themselves also vary depending on the above factors and the service you hire. Sometimes, you might even need to hire multiple contractors to restore water-damaged parts of your home, which could potentially increase the cost.
6. Warranty And Insurance
Finally, another additional factor affecting the water damage restoration cost is warranty and insurance. If any of your water-damaged items are still under warranty, you might be able to save money on the repair services. Where insurance is concerned, this can be applied if the water damage came about due to a natural disaster or accidents like burst pipes.
Ask ASAP Restoration For A Free Estimate Today!
While the cost of water damage restoration is never cheap, it’s always good to know what factors affect it. Category, class, type, extent of damage, labor warranty, and insurance are just some of the major elements that contribute to it. As for which company is the best in Houston to hire to address your water damage, ASAP Restoration is the best and most reliable. Contact us today for a free estimate.