Termites cause billions of dollars in damage each year. They primarily feed on wood, but also damage paper, books, insulation, and even swimming pool liners and filtration systems. Termites can injure living trees and shrubs, but more often are a secondary invader of woody plants already in decline. While buildings may become infested at any time, termites are of particular importance when buying or selling a home since a termite inspection/infestation report is normally a condition of sale. Besides the monetary impact, thousands of winged termites emerging inside one's home are an emotionally trying experience — not to mention the thought of termites silently feasting on one's largest investment.
Source: UK Entomology