In today's economy, bargain-hunting consumers would rejoice at discovering the remarkably low price of purchasing a branded grow-op. However, buyer, be warned: such properties may seem like a sensible investment decision in the short term but are financially debilitating in the long-term.
A house used for marijuana cultivation faces the grim fate of a precipitous decline in property value. Insurance companies and mortgage lenders are also highly wary of the risk involved with grow-ops which means that your future property will be difficult to insure. Worst of all, there will always remain a stigma associated with your property for housing a former grow-op. It will be very difficult to find a willing buyer for a comfortable price point.
Grow-ops also require a tightly regulated environment to harvest marijuana. Electrical rewiring is often done to steal electricity in order to support this large-scale production. As a result, houses that are used for such activity often have a very concrete foundation in an attempt to accommodate the rewiring. Furthermore, large holes are often drilled in the walls of the property to allow ventilation. These are only some of the hidden expenses lurking in what could be your new home!
Even when a grow-op has been dismantled, it leaves multiple traces behind including severe mold infestation. This is not only unsightly but also a danger to your health!
AllMax has been in the home inspection industry for several years. Take advantage of our seasoned home inspectors to identify grow-ops in your community so that you can steer clear of them. A house is one of the biggest financial investments that you can make. Choose AllMax so that you can make a financially sound decision for your family today.
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