WORRIED ABOUT TERMITES?
Termites are known to be tiny but they can result in a big problem for you and your house. Termites often fester in obscure places and may go unnoticed until you are in the middle of a full-blown termite infestation. The cost of termite damage can be thousands of dollars upfront and hundreds of thousands of dollars in the long run. Let’s have a look at what termite costs are in Australia.
Termite Costs: Statistics Reveal Most Homes Unprotected Against Termites
Currently, Australia is in the middle of a termite epidemic with 32% of the homes in Australia being overridden with termites, according to a CSIRO survey. There is an 80% chance that you are living within 25 meters of a termite colony and don’t even know it. It is very likely that your home is currently unprotected as it is reported that only 20% of homes have been serviced or inspected for termite protection.
The only part of mainland Australia that is rated by the CSIRO as Low to Very Low risk for termite attack is the narrow strip along the Great Ocean Road west of Melbourne. Therefore, the rest of Australia is in Moderate to High to Very High-risk areas. And Queensland is one of the hardest hit. So the cost of termite damage to the Queensland home owner is high.
Termite damage in Australia
The damage done by termite infestation has been estimated to cost over $4 billion to the building industry. Every year almost 180,000 Australian homes are affected and as a result, the annual cost of repairs amount to a huge sum of $1.3 billion. The mitigation of a termite infestation will cost you anywhere from $5,000 to $10,000 in structural repairs coupled with the treatment costs can incur you a loss of anywhere from $30,000 to $100,000 depending on the location and size of your house.
Mounting Costs Of Termite Damage
The costs associated with a termite infestation manifest themselves in more ways than one and sometimes they are not evident immediately. After a termite infestation, the house can look pretty shabby requiring some repairs which do nothing for the structural integrity of the house but to return the house to its former glory, so you can expect a hefty amount of your income to go these cosmetic repairs. The real damage emerges in the resale value of the house as this value is said to go down by as much as 25% according to an Australian study conducted in 2015. Even though you may not have a full-blown infestation, it may come up during a resale as 99% of sales involve a termite inspection and adversely affect your resale price.
Preventing termite damage costs
It is much better to protect yourself from infestation rather than waiting for a disaster to happen. The most damaging termites are the subterranean termites as they make their way from the soil into our buildings.
You can also protect yourself by getting termite inspections done by an experience and qualified inspector.
We use state of the art equipment such as thermal imaging and moisture meters, combined with our knowledge and experience. We find termite activity where others have missed.
You can also get an effective termite protection system installed. We use Exterra for total elimination of termites. It will certainly cost less to prevent an infestation rather than treating one.