Chinese drywall is a developing problem. The drywall, imported sometime from 2000 and 2008, emits gases that cause severe corrosion. These gases have been unofficially connected to adverse health effects including headaches, sinus infections, coughing, itching why is silica in drywall?, eye and throat irritation.
The Consumer Products Safety Commission has confirmed a link between this material and the corrosion that has occurred. Many homes have reported air conditionings, appliances, and electronics that are failing very quickly. Sulfide based gases combine with airborne humidity and cause significant issues. The outcome is thick black corrosion. This corrosion seems to affect copper most significantly. Copper, one of the most commonly used metals in residential construction, is usually found in plumbing and electrical applications.
The results are not limited to those homes that have Chinese drywall. In a property market that has been generally depressed the past three years or so, Chinese drywall enhances the litany of issues that homeowners have to overcome.
The fear and stigma associated extends to entire neighborhoods and from those neighborhoods to other homes built by exactly the same builder. For instance, a property in a neighbor hood is confirmed to contain Chinese drywall. Potential buyers are very scared that other homes in the neighborhood may contain Chinese drywall that they prevent the entire area. The information within the true estate community is relatively wide spread. The fact most potential customers are avoiding the whole neighborhood depresses the buying price of not merely the home or homes that do, in reality, contain defective drywall, but additionally the neighboring homes.
Similarly, audience are avoiding homes built by any builder who has confirmed the utilization of defective drywall. The effectation of this buyer fear and concern is significant and impacts over 100 times as numerous homes as actually contain this defective material.
Although several companies are offering tests, many of these are simple visual inspection for symptoms. Just like a physician asking if you’re coughing and sneezing, these inspections are not adequate for some purposes. Everyone understands that the true physical involves checking temperature, taking blood pressure measurements, and sampling blood for laboratory tests. Potential buyers are not comforted with a Chinese drywall test that the sole checks for the symptoms. Just because a home doesn’t show symptoms, one cannot guarantee that the house is free from the defect.
When contemplating a purchase as significant as a new house, buyers want a guarantee.
No official protocol has been released for testing Chinese drywall. Therein lies the principal issue. Many homes show no symptoms, but there’s been no Chinese drywall test with certified results.
Some companies have Errors and Omissions insurance that covers their liability. Homeowners should understand that Errors and Omissions insurance doesn’t cover the entirety of the home. Rather, it covers only the areas that have been sampled. Many Chinese drywall tests have identified that homes were built only partially with the defective drywall. Chinese drywall tests that provide 25 samples do not really approach the full sampling of a property which, on average, contains upwards of 150 separate bits of drywall.
In an endeavor to alleviate worries and stigma associated with this specific drywall, Certified Chinese Drywall Testing has developed the only real underwritten and insurable Chinese drywall test available. This test is a radical protocol that involves comprehensive sample collection and testing. Because this test is really complete in its scope, this protocol makes it possible to acquire insurance especially for Chinese drywall. Unlike other insurance, this insurance covers the whole home and offers protection as much as the entire market value of the home. These policies will also be assignable to new buyers.
This same process and insurance can be utilized to alleviate concern on the part of the homeowner’s insurance companies and lenders. This defect isn’t covered by any homeowners insurance policies. Because homes which are affected are dramatically more likely to have house fires, some homeowners insurance companies are dropping or not renewing any policies for homes which can be affected. Furthermore, some of those insurance companies are proactively dropping or not renewing policies for homes that were built by exactly the same builder as others which can be confirmed to own this issue. Similarly, homes in the neighborhood that are regarded as affected are now being issued non-renew notices.
Lenders have begun to listen to relating to this concern and are also enacting restrictions. Some reports indicate that lenders are not willing to refinance homes with defective drywall. Some experts expect these same lenders won’t issue new mortgages on homes that might potentially be affected lacking any insurable test.