What to Know about Foreclosure Clean OutsA foreclosure cleanout is often a drawn-out process because there’s typically much to deal with, inside and out. The very first thing you need to do is to have the lawn cut if it’s overgrown. In addition, be sure to empty the mailbox and place a sign in the yard. If you are going to have the property painted or other services, encourage the contractors to put signs in the front yard. This will deter vandalism and trespassing.
The most important thing to understand before jumping into the foreclosure market is that these properties were given up by owners who couldn’t afford the payments anymore. In these cases, the house is often poorly maintained – after all, if the owner can’t make the payments, he or she is likely falling behind on paying for regular upkeep as well. In addition, some people who are forced into foreclosure are embittered by their situations and take out their frustrations on their home before the bank repossesses. This often involves removing appliances and fixtures, and sometimes even outright vandalism. —Investopedia.comUnfortunately, there are also many first-time property investors who do not realize the scope of flipping a property or renting it out. There are many costs associated with foreclosure rehabs. But, there are also logistical challenges, as well.
Helpful Riverside Foreclosure Clean Out GuideNow, for those determined to take the DIY path, you can try it on your own. Just understand that it’s not going to be a pleasant or fast experience. Here’s a helpful foreclosure clean out guide you can use:
- Take an inventory. Although the property might well be abandoned, any personal items might still be the legal property of the last resident. Take an inventory and also take note of the overall condition of the house.
- Start with the exterior. While you’ll probably be anxious to clean-up the interior and remodel it, but the first thing to do is to fix-up the exterior, including the landscaping. This comes first because the property might be in code violation. It also helps to have a nice curb appeal to keep trespassers and vandals away.
- Turn your focus to the inside. When the exterior looks its best, take your efforts to the interior of the house. Be ready to remove a lot of junk and furniture from the rooms and garage. Also, empty out the shed, if one is on the property. You’ll need to deep clean and disinfect each and every room and all nooks and crannies.