Black mold throughout home.

[Nick Saucier]

I went and inspected a potential deal today. It was flooded during Hurricane Isaac last year and there is mold that rises from the baseboards up about 4-5 feet on the walls all throughout the home.

Numbers:
4bed/1.5 bath 1815 sq ft home on a 2 acre lot.
ARV = $127k
My estimated repairs = $65k(need help on mold issue)
Rent estimate = $960 p/month

First, let me say I have no experience with black mold throughout homes. I don't know if they are a deal killer or not. I am aware that all of the sheet rock in the house and most of the ceiling sheet rock needs to be replaced and all new floors throughout. This house is in absolutely atrocious condition no where close to move in ready.

What I'm wondering is what else needs to be replaced with a home that was flooded with black mold beyond just the sheetrock and insulation, if anything?

Also, would a 12k offer be too low? too high? Seems really low but this house is a wreck. Any input would be greatly appreciated.

[J Scott]

Every mold situation is different, so don't quote me on this, but here's my take...

Expect that you'll need to:

- Remove and replace the sheetrock
- Remove and replace the insulation
- Remove and replace the cabinets
- Remove and replace the flooring
- Potentially remove and replace the subflooring
- Potentially remove and replace the doors
- Potentially replace all the wiring (if it was under water)
- Potentially replace the A/C condenser (if it was under water)
- Potentially remove and replace the baseboards/trim

In addition, the mold remediation will likely consist of scrubbing/sealing the studs with an anti-microbial and running dehumidifiers for several days. Depending on the extent of the mold and the techniques the remediator chooses, the price could be anywhere from $3000-10,000 (in my experience) and could take 2-5 days to complete.