Black Mold

I found a house in my neighborhood for sale by a Realtor. It was foreclosured and I guess it is now a REO. There is a note on the windows and inside that says that black mold is present.



My question - as investors, should we stay away from homes where black mold has been disclosed or is present.

[ Edited by investornewbie on Date 11/11/2005 ]

Comments(8)

  • NC_Yank11th November, 2005

    Depends on price......and amount it cost to repair.

    NC_Yank

  • Cole_2212th November, 2005

    Getting rid of black mold isnt cheap.

    It also depends on how much you have.

  • birchman214th November, 2005

    Cole,

    You should be OK I have a friend who cut his thumb off. Literally it was through the bone hanging by the skin. He his able to move his thumb and does not have problems to this day.

    James

  • Cole_2214th November, 2005

    Thanks, James.

  • birchman214th November, 2005

    Cole,

    You should be OK I have a friend who cut his thumb off. Literally it was through the bone hanging by the skin. He his able to move his thumb and does not have problems to this day.

    James

  • bargain7614th November, 2005

    Laminate floors? Think of wall paneling lying on the floor and being walked on. A lot more durable surface finish, but still subject to wear and signs of use and abuse. The product is really a joke on those who want a durable, long-lasting floor.

    Ceramic tile is durable, dare I say close to indestructible?

    The key is the flooring substrate. If it is concrete, go with ceramic. Ceramic installed over a wood floor is apt to crack and delaminate with floor movement.

    In a kitchen, with a wood floor I would select a high-grade vinyl flooring for a seamless, long lasting floor.

    Did you get the part about seamless? Laminate floors have seams every 6 inches, for spills and food debris to accumulate. But they do wax the t&g joints to try to make the laminate waterproof. Like peel and stick vinyl, laminates will look good for a while. But other flooring products will perform much better over the long haul.

  • smithj214th November, 2005

    Thanks everyone for sharing your insight.

    In general, what is the relative cost of ceramic tile to laminate flooring? I think this will be a large part of the decision. Tenants will always tear things up, so the best bet (I think) is to put things in the unit that can be inexpensively replaced.

    Thanks.
    JS.

    P.S. This is not a high end rental so we do not plan to put in top pf the line fixtures in here.

  • jasons15th November, 2005

    You are looking at about the same cost for either. Tile may run more if your existing subfloor is not thick enough and you need to install cement board under the tile. If you go with laminate, I would go with a little bit higher-end. Your main concern with laminate is water spills by the sink. I just purchased a high-end laminate product and installed it in a bathroom of a lake cottage...time will tell if it holds up to the moisture

    Neither tile nor laminate are "easy" to repair if damage occures.

    Your best bet for low cost and ease of repair will be vynal...and I am a guy who hates it!

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