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Potential buyers have
three primary reasons for discounting the value of an EIFS-clad
house; [1] the delays and costs related to remediation, [2] on going
monitoring and, [3] potential resale. If a pre-sale inspection reveals moisture
in the walls, it could take a considerable amount of time (usually 3
to 6 months) to first determine what the recommended remediation
should be, then locating a contractor, and finally, having the work
performed. Sellers who are subject to sudden job transfers are at a
particular
disadvantage.
Although flawed, an EIFS
system is not hopeless. Some EIFS-clad homes are almost
completely dry and have no internal decay. In any event, EIFS
should be treated with caution. The seller or buyer should approach
contractors that have a "tear it all off" mentality with
caution since a complete tear off is necessary only about 1% of the
time. (Georgia Homebuilders Inspection Association).
This may signal an inspector who is
either [1] associated
with a construction contractor, [2] fears liability for
non-discovered
damage, [3] uses panic as a marketing tactic, or [4] may not fully understand
EIFS.
Every EIFS house should be
tested. If remediation is performed, the homeowner should conduct
periodic follow up exams of the exterior for failing caulk and/or points for water
intrusion. Testing and early repairs will help preserve the
home and keep it dry thereby sustaining the market value of the
home.
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