Terrace waterproofing holds significant value for homeowners in the long run. In this blog, we'll break down the costs involved, calculate the return on investment (ROI), and highlight the value that terrace waterproofing provides for homeowners.
Understanding the Costs
The costs associated with terrace waterproofing can vary depending on factors such as the size of the terrace, the chosen waterproofing method, and whether you opt for professional installation or a DIY approach. Here's a general breakdown of potential costs:
Materials: Waterproofing materials typically range from ₹100 to ₹300 per square foot, depending on the type and quality chosen.
Labor: If you hire professionals for the job, labor costs can add an additional charge based on your location. Metro cities the cost of labour would be higher compared to tier-I or tier-II cities.
Total Cost: Taking the average cost of materials and labor into account, terrace waterproofing for a standard-sized terrace of 1000 square feet could range from ₹75,000 to ₹150,000.
Calculating ROI
To determine the ROI of terrace waterproofing, let's consider the potential savings and benefits it offers over time:
Preventing Water Damage: Without waterproofing, homeowners may incur significant expenses repairing water-related damage to the terrace, walls, and interior spaces. Let's say the cost of repairing water damage averages ₹50,000 every five years.
Extended Lifespan: Proper waterproofing can extend the lifespan of the terrace and structural components. Let's assume that terrace waterproofing adds an additional 10 years to the lifespan of the terrace.
ROI Calculation:
Total Savings from Preventing Water Damage = ₹50,000 per 5 years Number of Years of Extended Lifespan = 10 years
Total Savings = ₹50,000 / 5 years × 10 years = ₹100,000
Now, let's compare the total cost of waterproofing to the total savings over the extended lifespan:
Total Cost of Waterproofing = ₹75,000 to ₹150,000 Total Savings from Waterproofing = ₹100,000
Based on this calculation, the ROI of terrace waterproofing ranges from 66.7% to 133.3%. This means that for every rupee invested in waterproofing, homeowners can expect to see a return of 66.7% to 133.3% in savings from prevented water damage.
Value for Homeowners
In addition to the financial ROI, terrace waterproofing provides homeowners with peace of mind, protection of their property investment, and a comfortable living environment. By investing in waterproofing, homeowners can avoid costly repairs, preserve the strength and stability of their home, and enjoy long-term durability and value. While terrace waterproofing may involve upfront costs, the ROI and value it provides for homeowners are undeniable. By safeguarding against water damage and extending the lifespan of the terrace, waterproofing offers both financial savings and invaluable peace of mind. So, consider investing in terrace waterproofing as a smart long-term strategy for protecting your home and preserving its value.
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