Common Costs of Apartment Flooding and How to Avoid Them

When it comes to running a successful multifamily community, avoiding disasters like apartment flooding is key to success.

Yet property managers (PMs) face major difficulties in being everywhere at one time.

What is needed is a more streamlined approach.

Here is how you can avoid apartment flooding disasters along with the financial incentive(s) you have for doing so.

What are the Common Costs of Apartment Flooding?

The common costs of apartment flooding depend on many factors including the type of water damage that occurs.

Types of Water Damage

The different types of water damage include grey water, black water, and white water and each category comes with its own price tag.

Grey Water Damage

Grey water is water that has been used for washing dishes and clothes as well as bathing.

The cost of damage due to grey water (which can harbor dangerous bacteria and viruses) is an average of $3,000, according to fixr.com.

While the cost of grey water damage can hurt the wallet of PMs, the average cost of black water damages — which are also more harmful to our health — hurts even more.

Black Water Damage

Black water is waste water that comes from the toilets of multi-family homes.

Since exposure to black water leads to diseases and infections like hepatitis and gastroenteritis, black water home flooding must be avoided at all costs.

In addition to the health hazards that black water poses, this type also comes with a steep financial cost — upwards of $8,000 per occurrence.

White Water Damage

In contrast to the two types of categories of water contamination above, white water extraction is relatively inexpensive.

An example of white water extraction would be the drying of a kitchen area that has been flooded with “clean” water.

However, even though it is the least expensive of the three, white water extraction can cost upwards of $1,000 each occurrence.

Other Factors That Determine the Cost of Water Damage

Besides the type of water, the extent of the apartment flooding is another factor that determines how much you pay. However, the key to conserving your maintenance and repair monies would be to never have to pay them out in the first place. Smart technology plays a huge role in detecting and preventing this kind of costly damage. Read the full article to learn more about the cost of apartment flooding, and how to reduce it with smart technology.