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

[Jeff Alwine]

@Asad Muslim did you get an inspection already? I’d guess that if there is lingering damage, it would be caught. 
My first house had flashing around some windows going the wrong way (funneling water INTO the house). We used a 203k loan which covered the windows, flashing and some repairs to damaged wood (along with floors, paint, appliances...). Once the rotten stuff is gone, there’s little to worry about. 

Water damage could have been a situation like mine, a bad roof, a busted pipe or some kind of flooding. It really depends on the cause of the water damage that will give you the best piece of mind. If you have not had an inspector out, I’d advise to let them know to look for anything newly redone that might help you understand what the issue was. 
The fact that insurance was involved leads me to believe that whatever was the cause for the claim, it has probably been properly addressed