First time home buyer for personal use withWater Damage

[Asad Muslim]

Hi everyone I am not an investor just a first time home buyer for personal use. We found a single family home in Riverside CA. Seller did not disclose any water damage but the insurance says there was a water damage claim on it last year and for that reason the deductible will be high. The house looks pretty good with no visible damage. 

Is a house with water damage a bad idea period?

Does the value of this house still decrease if the damage was fixed properly?

Really appreciate your help.

Asad