Water damage affects both residents and buildings. Issues include moisture, climate impact and repair costs that amount to immense resources. Because of these, immense resources research is important to undertake to reduce and limit the extent and effects of water damage. This study aimed to compile and review the literature on water damage in buildings. Literature distribution, the status, consequences, effects, and strategies and methods for prevention of water damage were assessed by compiling and reviewing literature using quantitative and qualitative methods. Two scientific databases were searched to identify the relevant literature. Key findings of this study are that research conducted on water damage is embedded in the study of building defects and building pathology, and more specific research on water damage is needed depending on different rooms and buildings, the effect of moisture and sustainability. Informed and guided decisions, management and organizational structures have been internationally suggested as a part of the solution to reducing the amount and effect of defects and could have the possibility to reduce the amount and effect of water damage. However, there is a gap in research on water damage consequences, occurrence and costs in Nordic conditions.