Termite bonds cost about $700. However they can be cheaper if you opt for a simpler arrangement. The cost of a bond will depend on how many inspections are performed yearly and this will likely be $300 to $400 per inspection. It is important to note that these types of bonds are transferable meaning you can transfer them to a new homeowner upon selling your home.
Termite bond inspections are free
When purchasing a home the lender will likely require a termite bond inspection. The bond is an agreement that details the extent of termite activity in a structure and sets out specific steps for eradication. While termite bonds can cost up to $2000 most are free but some lenders may require a bond as a condition of the sale. This bond also specifies if the treatment company will repair damages and address future infestations.
There are many reasons to obtain a termite bond. It is a great way to protect your home from termites and prevent larger problems later on. Many inspections are done for free so there is no reason not to get one. Termite damage is often an indicator of long-term neglect from the previous owner. However in some cases a buyer may want to request a free inspection before closing a deal. If a buyer finds out that a home has been a victim of termite damage he or she may take legal action against the seller.
Costs for termite inspections may vary by state and geographic location. Rates will vary depending on the number of occupied dwellings access to the house and the number of outbuildings. The fees may also be different between states because they have different testing standards. For example the cost of a termite inspection in South Carolina is $150 and is good for 30 days. Often the cost can be rolled into the closing costs of a property. Regardless of whether you are buying a home or selling one you should make sure you have a thorough termite inspection done before purchasing a home.
While a termite inspection is free the cost may depend on several factors. The purpose of the inspection the type of inspection required and whether or not you need a report will affect the cost. In some states mortgage companies require a termite inspection as a condition of closing a property. While the cost is free for the buyer it can be expensive for the seller if termites are not properly treated. Termite inspections are particularly important for homes in humid climates and homeowners with a history of infestation should be careful to schedule an annual termite inspection.
Termite bond coverage is akin to flood insurance for homes in a flood plain
The price of termite bond coverage varies based on the risk of a homeowner claiming a claim. Higher risk areas include those with water nearby and wood houses. Also the size of a home and its multiple buildings can affect its price. Termite bond coverage is not meant to cover the cost of repairing damaged areas but it is a great way to protect your property.
Many termite bonds come as part of a comprehensive plan which includes an annual or quarterly inspection preventative treatment and chemical termite barrier. You can opt to purchase a termite bond that covers all of these but you may not be able to afford it. You can cancel the bond if you can’t afford it but remember that a new termite bond typically costs more than the old one.
Termite bond coverage is a type of insurance similar to home flood insurance. When a home is in a flood plain it must follow the regulations that govern that area. Floodplain regulations require structures to follow specific guidelines. However if a structure is touching the flood zone it doesn’t necessarily mean that it is in the flood zone.
Termite bond costs
Termite bond costs are directly proportional to the risk a homeowner faces if termites attack their home. Water-logged areas and houses made of wood will require a higher bond price than non-risky ones. The size of the home also affects the price. Larger homes will require a higher bond price than smaller homes. Properties that have multiple buildings may also require a higher bond cost. However these factors are not the only factors that influence the cost of termite bonds.
Termite bonds are contracts between the homeowner and the pest control service provider. They vary in price with some bonds covering a variety of services including re-treatments and damage repairs. Homeowners should carefully read the fine print of termite bonds to determine what they are paying for. A quality termite control company will offer a good warranty for the service and a re-treatment guarantee in case termites return.
Termite bonds are typically transferable meaning the cost can be transferred to the new owner if the homeowner decides to sell the house. Termite bond costs typically range from $500 to $2000 depending on the size of the house. You may need a termite bond for a year which adds another few hundred dollars to the cost. Once termites have been treated you may not need to repair the damage but extensive damage might require a demolition.
A termite bond is a good idea as the cost of a new home inspection may be higher than that of a transfer. Having termite bond protection is crucial especially if you’ve had a previous infestation. Even if you’ve had a pest inspection termites can show up in the future and require a new inspection. Even if the infestation was small the inspector may have missed a sign of the problem. It’s important to take care of your home during the transfer of a termite bond.
Termite bonds cost anywhere from $500 to $2000 depending on the area and size of the home. However the cost varies widely from state to state and region to region. A residential termite bond will generally cost $700 to $1000 though the cost could go up to $2000 if you’re living in an area prone to termite infestations. By getting a termite bond you can avoid spending thousands of dollars on repairs.
Termite treatment costs
One termite treatment costs around $1000. More expensive termite treatments include fumigation. Fumigation costs about $10 per linear foot. An annual inspection and treatment is best. If you have signs of termites it will be more affordable to treat them annually. However if termites continue to appear a one-time treatment can cost up to $1200. Monthly treatments are also available which will run between $300 and $540.
Depending on the extent of the infestation a termite treatment may cost up to $1200. Termite treatment costs are often higher if you need an emergency visit on a weekend holiday or during the off-peak season. While most companies will be willing to perform an emergency visit there are certain situations in which it would not be possible to treat your home yourself. A professional will evaluate the extent of the infestation and present the best plan of action. Treatment may be necessary immediately or scheduled later.
Subterranean termites live in soil under your home and do not inhabit wooden structures. While dampwood termites prefer moist areas they can cause significant damage. Fumigation for dampwood termites can be expensive. Also these termites do not produce noticeable mud tubes. They may cause major damage before you even notice the presence of termite infestations. To avoid incurring such a high cost you should first check your insurance coverage. Most homeowners insurance policies do not cover termite damage.
The cost of termite treatments will vary according to the type of infestation you have. Small infestations will be treated differently than large ones. Signs of an infestation include the presence of mud tunnels or winged creatures. Also a swarming termite is a sign of a larger infestation. Termite treatment costs may vary significantly from those of a neighbor or friend. If you have signs of a termite infestation make sure to have it treated immediately.
Fumigation may be necessary if the infestation is particularly large. It will cost between $400 and $1500 depending on the size of the infested area. Bait treatments may also be needed in cases where termites have a larger presence inside the home. The overall cost will depend on the size and type of infestation as well as the number of treatments you need. However fumigation is only one of several methods available to control termites.