Chesapeake Chinese Drywall
Chinese drywall in Chesapeake, Virginia is one of the most impacted areas in the country. Most report indicate that homes built between 2003 and 2008 are affected, with the bulk of the affected homes built between 2005 and 2007. Nationwide, estimates are that more than 100,000 home are affected. Chinese drywall in Chesapeake is one is exposed to higher levels of heat and humidity than most homes in the state of Virginia. Heat and humidity have been linked to an increased production of the sulfur gas that causes the reported health issues and property damage.
My Chesapeake home shows no symptoms of containing Chinese drywall, why do I need an inspection?
If your Chesapeake, Virginia home does not have any evidence of Chinese drywall, your home may may not contain Chinese drywall. Potential buyers, insurers, and lenders, however, require proof greater than the absence of the symptoms. Few are satisfied by the fact that the symptoms are not visible. The financial risk associated with Chesapeake Chinese drywall is significant. The financial loss associated with remediating Chinese drywall can exceed $100,000. Anything short of an underwritten and insurable test does not adequately protect against the risk of Chinese drywall. Potential buyers will avoid your home if a home in your neighborhood has been confirmed to contain Chinese drywall. Including in your listing the fact that your home is "100% certified and insured as free of Chinese drywall," provides the peace of mind that will allow you to sell your home.
Similarly, your insurer and lender will want more than a simple visual Chinese drywall test. An underwritten test will allow them to be able to renew homeowners insurance and refinance the home.
Chesapeake Chinese Drywall Adverse Health Effects
Chinese drywall in Chesapeake has been linked to numerous adverse health issues. Issues reported include headaches, nose bleeds, itching, coughing, sinus infections, and eye irritation. Although several government agencies are investigating the health issues, they have not confirmed the health risk yet. That being said, reports linking them to Tampa Chinese drywall are wide spread. While investigating Chesapeake Chinese drywall, Consumer Products Safety Commission employees reported similar symptoms. The long term health consequences of exposure to Chinese drywall in Chesapeake, Virginia have not yet been determined.
Chesapeake Chinese Drywall Property Damage
Chinese drywall in Chesapeake, Virginia is also causing extensive property damage. This defective drywall produces a sulfur gas compound that then combines with airborne humidity, creating a highly corrosive environment. This damages nearly every aspect of the home and results in early failure of many components in the home. Electronics, appliances, and air conditioning units are all failing quickly. Some Chesapeake homeowners affected by Chinese drywall have reported replacing these appliances every other year.
Chesapeake Chinese Drywall Inspectors -- Buyer Beware!
The Chesapeake area has many inspectors offering Chinese drywall tests. In fact, these companies offer only limited inspections. Most perform only visual checks for signs of corrosion. Other offer limited material testing. Because many Chesapeake area homes were built only partially with Chinese drywall, these tests are not adequate. Some homes in Chesapeake built with Chinese drywall were built 35% Chinese drywall and 65% domestic drywall. Without comprehensive testing, there is no guarantee that the home is free of Chinese drywall in Chesapeake, VA. Comprehensive testing include each and every sheet of drywall in a home -- the average home has over 100 sheets of drywall, all of which must be tested.
As a result of this comprehensive inspection, it is possible to insure the home against any future losses associated with Chinese drywall. Based on our protocol, a negative test for Chinese drywall in Chesapeake will allow a homeowner to purchase an insurance policy specifically for Chinese drywall. This policy will help market values and will allow you to keep your homeowners insurance. The benefits and applications of this are described more below.
Chesapeake Chinese Drywall Property Values
Entire neighborhoods in the Chesapeake area have been affected by Chinese drywall. Many estimate that Chinese drywall in Chesapeake affects as much as 40% of the homes in the affected neighborhoods. That does not mean that the other 60% are not also affected. Even though some of the homes int he neighborhood may not contain Chinese drywall, all of the homes are affected by the mere suggestion that the home may contain Chinese drywall in Chesapeake. Unwilling to risk the chance of purchasing a home contaminated by Chinese drywall in Chesapeake, Virginia, potential buyers avoid the entire neighborhood. These buyers don't even consider areas where Chinese drywall may be present and move on to other options. As a result, market values have plunged even further in many of these Chesapeake, Virginia neighborhoods. If homes sell at all, they are selling at a dramatic discount, even if there is no proof that the home is contaminated with Chinese drywall.
Certified Chinese Drywall Testing offers the nation's only insurable Chinese drywall testing protocol. A negative test for Chinese drywall in Chesapeake proves that your home does not contain Chinese drywall. A home that tests negative for Chinese drywall based on our testing protocol makes it possible for the home owner to purchase an insurance policy that specifically covers any damage associated with the future discovery of Chinese drywall in Chesapeake, Virginia. The policy is also assignable to future homeowners. Homeowners who are trying to sell their home can offer this policy as peace of mind that the home does not contain Chinese drywall, making it possible to sell your home without the drastic price reductions necessary to sell homes affected by Chinese drywall. This policy is able to overcome the Chesapeake, Virginia Chinese drywall stigma.
Chesapeake Chinese Drywall Builders
Similarly, this Chesapeake Chinese drywall issue involves builders as well. Dragas Homes, along with several other builders, have admitted to using of Chinese drywall in Chesapeake. To be fair, several of these builders were not aware that they were using Chinese drywall, much less that these issues would arise. When a builder acknowledges the use of Chinese drywall in a Chesapeake neighborhood, the same dynamic as described above occurs. Potential buyers avoid other homes built by the same company. Sellers are trapped. Our protocol alleviates Chesapeake Chinese drywall fear because it is 100% insurable!
Certified Chinese Drywall Testing has been advised that several builders in other areas of the country have begun the process of remediation Chinese drywall. Although these reports have not been confirmed directly, owners should be aware of any remediation effort for Chinese drywall in Chesapeake. Remediation is very involved and the process can take as long as 6 months. Further, it is very expensive. While these builders should be commended for being proactive, Chesapeake homeowners should be careful to pay special attention. Often times, the builder requires owners of homes that are being remediated to sign a liability release. Typically, these forms contain clauses that prevent future claims for damages from Chinese drywall. In order to protect themselves, homeowners should request a third party Chinese drywall test and insist that the builder purchase an insurance policy on behalf of the homeowner. In addition to protecting the current homeowner from any risk, this policy will also make it easier to sell your home in the future. When selling home that has been remediated for Chinese drywall, the seller is required to disclose that your home was remediated for Chinese drywall in Chesapeake. The insurance you can obtain will alleviate the concern of any potential buyers.
Chesapeake Chinese Drywall Homeowners Insurance
Most hazard insurance policies do not protect against Chinese drywall or any of the associated damage. Some insurance companies, in fact, are dropping or not renewing policies on homes that are affected by Chinese drywall in Chesapeake. Preemptively, they are dropping or not renewing policies on homes that contain Chinese drywall in Chesapeake. They are also not renewing policies on homes that they fear may contain Chinese drywall. As explained above, these companies are dropping coverage on homes built by specific builders or in a certain neighborhoods. The result? Higher insurance premiums or an uninsured home.