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Mold remediation costs

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DTB

Thread Starter
Elite Member
Joined
Jun 11, 2004
Professional Status
Certified Residential Appraiser
State
Illinois
Does anyone have a ballpark cost for extensive mold remediation for a 1400' finished basement?

I'm looking at a purchase, 1st floor is beautiful, basement is awful. Needs gutting (costs any greater than a typical gut job?) and then mold remediation.

Looking for ideas before getting a full blown quote (or not).

Thanks in advance.
 

Pittsburgh Pete

Elite Member
Joined
May 6, 2008
Professional Status
Certified General Appraiser
State
Pennsylvania
Quick google search revealed the following:

Mold Remediation Costs
If you are thinking of black mold removal costs, you first need to consider if mold inspection is what you require. To prevent further spreading of mold in other places of your house, it is suggested that you get the inspection done by a certified mold inspector. The mold inspection usually consists of thorough examination of the areas which are likely to get affected, humidity conditions in the area, and other such aspects. For professional mold inspection, you may need to spend somewhere around $200 - $600. However for larger homes, the cost can even exceed this range. Some reputed mold removal agencies may even provide this service free of cost.

Another important determinant of the mold remediation cost is the area that is to be treated. If the area is pretty large, the professional mold removal services would demand more. The average expenses of the mold remediation project is approximately $500 to $4,000. The overall cost for mold inspection and remediation in all areas of the house may range from $2,000 to $5,000. If the mold has caused damage to the structure of the house, the repair expenses can also go over $10,000.

When thinking of mold remediation costs, you most importantly need to remember that a majority of the cost includes the labor expenses in your particular locality. Therefore, the cost may differ from contractor to contractor, and the current labor charges in your locality. The cost also depends on what sophisticated equipments are used in the remediation process. While estimating approximate mold remediation costs, you also need to consider additional expenses due to damage to the parts and areas; and in some cases plumbing work, drainage system repair, and similar other tasks.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Call ServPro or a similar Fire and Water Damage contractor in your area. They can give you some ball park ideas over the phone. Also, termite/pest control guys have gotten into the mold business around here.
 

TEL2002

Elite Member
Joined
Jan 16, 2002
Professional Status
Retired Appraiser
State
Louisiana
If the mold has been there for any amount of time, there is a good possibility the mold spores have migrated to the upper levels.

The house needs a through inspection, before you can determine costs of remediation.
 

Pilgrum

Senior Member
Joined
Mar 6, 2005
Professional Status
Certified Residential Appraiser
State
Nevada
If the mold has been there for any amount of time, there is a good possibility the mold spores have migrated to the upper levels.

The house needs a through inspection, before you can determine costs of remediation.
Exactly right.
Also remediation most often requires the removal of drywall and the treatment of other areas.
I appraised a 2,400 SF home last year where the remediation cost was in excess of $150k.
Also. You should not spend any time in an area that has extensive mold issues without a mask.
 

DTB

Thread Starter
Elite Member
Joined
Jun 11, 2004
Professional Status
Certified Residential Appraiser
State
Illinois
Thanks for the responses, I will get someone out there and am tracking down a couple of other leads.

Have a great weekend all!
 
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