Many Cape Coral homes have been deemed “Chinese Drywall homes” and unfortunately that comes with a stigma. Most buyers are scared away from the thought of purchasing a home affected with this mainly because of the unknown. We have learned a lot about them in recent
months and there continues to be more information on how and what is necessary to correct the problems and make the home just like new.
Fortunately, the government has also stepped in and created a task force that studied the effects Chinese drywall has on each individual component of the home. It is now mandated and guidelines were created for removal and remediation. This allows home owner the
security of knowing the job was done correctly.
The Interim Remediation Guidelines for Homes with Corrosion form
Problem Drywall are as follows
They state that you must replace:
- All possible problem drywall
- All fire safety alarm devices(including smoke alarms and carbon
monoxide alarms) - All electrical component and wiring (including outlets, switches,
and circuit breakers);and - All gas service piping and fire suppression sprinkler systems
According to the guidelines, once these repairs have been made your home or potential home is ready and safe to occupy. People have once thought that it could spread to surfaces such as wood, tile, carpet, and furniture. The task force stated that they do not have
any scientific basis to believe that to be true.
The material in the effected drywall is high levels of sulfur, which emits a corrosive gas that attaches itself to anything metal (copper pipes, electrical wiring, HVAC, systems, appliances and so on) we know that the removal process can be time consuming and added expense is
involved, but people should not steer clear of these properties anymore. There are many of these homes in inventory that are priced well below market value giving the consumer the potential of instant equity once the repairs have been made.
We have been in contact with a local contractor that states they are able to repair these homes for approximately $21.00 a square foot (just to give you an estimate of the repair costs). This contractor will guarantee the complete removal of the drywall and all directly affected components.
We also have been made aware of a lender that has allocated funds for rehabs, including Chinese Drywall.
We hope this information help open doors for buyers that just haven’t found the “right” place.
All information above was gathered from the CPSC
Information is subject to change as investigations continue.
Yours in Success,
The Florida Future Realty Team
239-542-8521