Mold and Rehabbing (Simple or Complex)

Mold and Rehabbing (Simple or Complex)

Developer · NJ · Member since 2008 · 26 posts · 0 votes

Hi everyone, just took a look at a property that had a lot of work done to it (Sheet rocking & electrical) and then apparently they had money problems and the bank took over the property. The REO guy who showed us the property said when the bank got the property they had gotten there too late because there was some sort of leak that had a massive amount of ice on the inside. Property wasn't winterized in time. This of course led to a huge amount of black mold on 2 and the 3 floors in and around the leak (bathroom and adjacent room).

The property definitely needs mold remediation in both bathrooms and the adjacent rooms. Bathrooms would need all the tiling work ripped off and redone since the affected walls are behind the tiles. The rest of the house has no appliances and or heating system in place yet.

So my thinking is it would need all the sheet rock in the effective areas torn down. Mold would have to be hepa vac'ed and the remaining wood studs sprayed with anti-mold chemicals and then painted over with killz.

How realistic of a plan do others think this is? I read that the studs may need to scraped and or soda and/or sandblasted.

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  • Investor · Lake Wylie, SC · Member since 2009 · 21 posts · 0 votes
    17y

    I did a property similar to this 4 years ago. There was mold in the basement and we paid a mold cleaner to come in. We ripped everything down to the studs. They cleaned the air and sprayed the studs. I actually got a quote before making and offer so that I would know what their charge would be. I submitted the quote to the bank so that they woul understand my offer and why it was so low. For me it was not a huge deal as long as I knew the costs upfront and had a written guarantee from the mold company. We had more testing done after the rehab and made that availible to the buyer so that they felt comfortable that we took care of it. Good luck with your decision.

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