Water mitigation is the act of reducing the intensity or the severity of the losses that property and infrastructure may sustain in the event of a flood or water damages. It entails restoring, repairing, drying, sanitizing, and cleaning the said pieces of property all together to the state it was before the damage arose in the first place.
Each piece of property is unique and therefore calls for similarly unique interventions. As such, it is unlikely that one company will solve all of them at the same time. We are aware of this, that is why we have seen it necessary to draft this article as a guide of the way forward.
WATER MITIGATION COST
The water mitigation cost refers to the amount of money that a property owner has to part with to restore his property to the original condition after a spate of water damage. The exact cost is dependent on several factors. Below are those factors that determine this cost:
Size or dimensions of the room
The size or the dimensions of the room that is damaged is by far the single most determining factor of the cost. A larger room no doubt costs a lot more to restore than the smaller room counterpart. That is due to the need to invest lots of time and effort.
Extent or degree of water damage
Next comes the extent or the degree of the water damages. An installation that is severely damaged will definitely cost more to restore than that which is less damaged. Yet again, this is informed by the need to expend lots of effort and time compared to one that is less damaged.
The sheer size of the building
Overall, the sheer size of the building concerned also determines to a great extent the overall cost of mitigating the water damages. This mainly arises if the building concerned sustained severe damages in all the floors, rooms, and story levels. A smaller building on the other hand costs critically less to tackle.
Furniture and fittings
Different buildings contain different pieces of furniture and fittings. The value of these fittings also determines to a great extent the overall cost of mitigating the water damages. A building that comprises expensive furniture and fittings is generally more likely to cost a lot more to restore.
Place where the installation is located
Lastly, the place where the installation is located also determines the cost of mitigation. A piece of building that is located in an upmarket area will usually cost a lot more to mitigate compared to that which is found in a less well-off neighborhood.
WHAT ARE THE COST HEADINGS?
Cost headings refer to the breakdown of the total costs involved in the mitigation process. Even though each damage is unique in its own right, there are some unifying costs that cut across the board. These are:
Regardless of the nature of the damage, the firm concerned will definitely have to carry and transport the necessary equipment to and from the site. The equipment may be rented here. Thus, this cost covers the rental and the transportation of the equipment to the worksite and back.
Yet again, the effort expended to tackle the water damage may be more or less the same regardless of the nature of the damage. Because of this, the firm concerned will have to factor in the cost of the labor as part and parcel of computing the sum total cost of mitigating the damage.
After performing the task of mitigation, the firm at hand will usually have to be on standby just in case things do not go as planned. This is referred to as the after-sale or the money-back guarantee. It also forms a significant part and aspect of the total cost of mitigating the water damages considerably.
MITIGATION AVERAGE COST
Even though the total cost of mitigating water damage varies significantly due to a variety of factors, studies have deduced that there is an average that most people pay. This stands at around $2,000 – $5,000. As you may see, this amount is quite prohibitive. Thus, you really have to avoid it at all costs.
MITIGATION COSTS FOR DIFFERENT TYPES OF MITIGATION PROCESSES
We now get to anticipate the average mitigation costs for different types of mitigation processes:
Fire and water mitigation
Expect to part with around $3,000 to $40,000 to mitigate the fire and water damages. This figure is understandably high because the two issues usually leave behind a trail of severe damage when mixed together. Then again, the damages tend to be more permanent in nature.
Flood water mitigation
Flood water does leave a trail of extensive damage that may cost years to revert to the original working condition. Because of this, you should be prepared to part with around $2,000 – $5,000 to reverse the damage. The amount can surge if the extent gets to the roof as well.
As part and parcel of restoring water damages, you have to clean up the premises. The actual cost of this exercise is largely dependent on the size of the room and the fittings therein. Most past homeowners have reported $1,074-$2,582 for their cleanup exercises.
Flood water remediation and flood restoration
Just as the floodwaters do leave behind a trail of extensive damage, these two also do imperil the nature and the state of the buildings intensely. Expectedly, they also cost a lot more to mitigate. Prepare yourself to part with around $1,074 – $4,090 to tackle this chore in your average home size.
Water damage repair
This entails the repair of the pieces of furniture and the fittings after a spate of water damage. The exact cost is largely dependent on the value of the specific furniture or fitting concerned. All factors considered though, be prepared to part with around $2,582 to tackle such a repair.
As the designation implies, this is the act of cleaning up a building to eliminate the growth of mold that may be responsible for further issues ahead. It mainly depends on the size of the room and the extent of the damage thereof. When all factors are taken into account, the task costs between $1,500 and $3,500.
From the explanations above, one thing stands clear. That the cost of mitigating water damages is extensively high. You want to avoid incurring it as much as possible. This is something you do by maintaining your installations in a perpetual state of dryness and proper drainage.