BASKING RIDGE, N.J., March 07, 2024 (GLOBE NEWSWIRE) -- Homeowners and tenants in New Jersey will have some added protection when it comes to purchasing or renting property in the state thanks to a new law that will soon take effect.
Beginning March 20, landlords and real property sellers must reveal whether their property is in FEMA’s special flood hazard area or moderate flood hazard area. They must also disclose if the property has been previously subjected to flooding. According to the waterproofing experts at BSMT Waterproofing in Basking Ridge, the law is long overdue.
“We’re very satisfied that the new law was passed,” said Marion Yates, BSMT Waterproofing co-founder. “It’s a positive thing for potential property buyers and renters who don’t deserve to be surprised to find their homes and basements flooded, especially after a heavy rainfall.”
A recent report by the National Resources Defense Council shows that nearly 8,000 homes in New Jersey were purchased in 2021 that were previously flooded. The expected annual flood damages for those sold homes were estimated to be over $18 million.
Because they are the lowest level of a house or building, basements are naturally prone to flooding. According to Yates, basement waterproofing is an absolute must for mitigating and preventing costly flood damage.
“It’s important to look out for signs of water damage, and if there are any, have it repaired right away,” Yates warned. “Some keys signs to look for are a musty odor, uneven basement floor, mold stains or cracks in the wall. Those could all be signs of water damage.”
With the new law set to take effect, for a limited time, BSMT Waterproofing is offering customers a $500 discount for homeowners who purchase basement waterproofing through the company’s website. They can simply email the company for additional information at this link.
ABOUT BSMT WATERPROOFING: For more than 25 years, BSMT Waterproofing by Marion Yates and Alex Chu has proudly served south, central and northern New Jerseyans with all their basement waterproofing needs. The company complements its fair pricing and high-quality work with friendly, professional service. To learn more, visit https://www.bsmtwaterproofing.com/.
MEDIA CONTACT:
Marion Yates, BSMT Waterproofing Co-Founder
Email: info@bsmtwaterproofing.com
Phone Number: 973-791-9091
