There are many different types of economic impacts of water leaks in buildings or homes, many more than you may think. In today’s blog article, we want to give you an idea of some of the many ways that a water leak can have an economic impact.
Water Loss
The first and most obvious economic impact is that of water loss. You can be losing hundreds or thousands of gallons by day in a water leak, and this is worse if you have no idea that it is happening. The economic loss is paying for water that you are not using and is wasted.
Damage in the Home
The next type of economic impact is that of the damage caused in the home by the leak. Depending on the extent of the leak and how long it has been going on, you may have a floor to mop up. Or water may have been sucked up by cabinets on the floor that are now ruined. You may now have a mold problem growing between walls that requires hazardous material abatement. This list goes on and on.
Other Impacts
Other less visible impacts could be on the city’s water system. If you are pulling too much, that may affect where or how they source water and affecting their bottom line. If no one knows where a leak is, then there can be expensive investigating complete with heavy equipment digging up the ground.
The point here is that water leaks are not to be ignored. They should be investigated immediately and thoroughly, because both the damage and the economic costs to everyone can snowball in a hurry.
We urge you to let professionals—like us--diagnose and fix your leaks before you have a major problem. If you need some help with potential leak issues, give us a call at the number below.
604FixLeak offers leak detection, plumbing repairs and restoration services in the Greater Vancouver area.
If you have any questions about this article or need some help with a leak in your home or office, call us today at (604) 349-5325.
