If there's moisture getting in through the walls, it will ultimately have an impact on the integrity of the structure of the building. Yes, it creates an environment for mold to grow in, but that wouldn't be the only issue behind the renovation.

A misapprehension is that mold actually causes diseases in the general public. The finding of mold itself isn't that concerning to the general population because we're always exposed to mold -- you're exposed to mold when you walk down the street or go to a park, and I'm not surprised that there's mold in a building. Generally, all buildings have a certain amount of mold.