PROTECTING YOUR HOME INVESTMENT

Despite the pandemic, the real estate market around the Toronto region has never been hotter. Prices are going up. Sales records are being set. People understand more and more these days that a stable place to put your money is in a home.

Once you buy the property, you need to protect it. The whole idea is to grow the value of the home.

Water damage from leaks into the basement is a sure fire way to chip away at the value of that investment. A catastrophic flood can cost you tens of thousands of dollars in repairs to flooring, wiring, drywall, not to mention personal items that are damaged or lost forever.

That’s especially true if you have inadequate insurance coverage, which many Canadians do (although insurers are starting to include overland flooding coverage, for heavier rainfall, more and more now).

Severe weather caused $1.9 billion in insured damage in 2018, the fourth-highest amount of losses on record.

Then there is a flipside to that scenario – waterproofing the basement while expanding the space, thus protecting the home, and increasing its value. If you’re planning on adding living space in the basement you can lower the cement floor, creating more headroom – a process called underpinning.

Perhaps you want to build a separate apartment for rental income purposes, to help with the mortgage. There is currently a real need for rental housing around the Greater Toronto Area.

WATERPROOFING CONTRACTORS TORONTO

Basement waterproofing is what we are best known for. If you see signs of water leakage in your basement, whether that’s puddles on the floor, water stains on the walls, or the musty smell of dampness and mold, call us.

Members of our award-winning team will come to your house for a free, no-hassle assessment.

Exterior waterproofing is one solution our contractors might speak with you about. This is probably the best way to protect your home, since it tackles the problem of water leaks at its source.

Interior waterproofing re-directs water that has already entered through the foundation walls or via the home’s footing level. This is accomplished via a system of drainage membranes on the walls, weeping tiles and a sump pump, which sends the water to a location outside the home.

Both exterior and interior waterproofing are complicated, multi-step processes. It requires expertise both in the choice of materials and in the installation. It’s not a job for a weekend warrior. The stakes are high, since we’re talking about your investment.

Another method of protecting your basement, from a sewer backup, is a backwater valve, which our contractors can install for you.

Think of all of this as a protective blanket around the most significant investment you’ll likely make in your lifetime.