DIY vs Foreclosure Cleanout ServiceMany first-time investment property owners need to do a foreclosure cleanout. After all, this is an easy way to get one’s foot in the residential real estate investment world. But, the savings can easily evaporate and even become a loss if you aren’t careful. So, if you’re considering the DIY route, think again. It’s going to take a lot more time. Plus, there’s typically nasty surprises just waiting.
Some of these homes are foreclosed and owned by mortgage companies; others are abandoned but still in legal possession of the former owners. The banks also dispatch contractors to the homes of people who have fallen 45 days or more behind on their payments but are not in foreclosure to determine if they have been abandoned. All told, an estimated 3.3 million properties require either an inspection or some form of repair work each month. —Huffington PostThis, not to mention the fact, that you’ll still have to deal with junk hauling and junk disposal. That means many more hours lost to finding the right drop off or dumping locations. Or, the correct recycling center. The point is, if you hire a service, it’s all done for you, quickly. That means you’re able to get on with the rehab, a better use of your time and effort.
Norco DIY Foreclosure Clean Out Hacks You can UseChances are excellent there’s plenty of work ahead. Therefore, accepting that reality is absolutely necessary. So, here are the top foreclosure cleanout hacks you can use:
- 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.
- Replace the flooring. Unless the floors are restorable hardwood or tile in good condition, the flooring most likely needs to go, particularly if it’s carpet. Carpet collects allergens, stains, and conceals “pet damage,” which is dried urine.
- Deep clean and disinfect. Go through the entire home, giving it a deep cleaning. You need to disinfect every surface in each room. Since the junk garbage is removed and the home empty, this will give you a clean, blank slate.
- Schedule a home inspection. With the home empty, deep cleaned, and disinfected, it’s time to schedule a home inspection to learn about the condition of the major components and systems, such as the foundation, roof, electrical wiring, and plumbing.
- Begin the rehab. After receiving the home inspection report, you’ll know what components and systems need to be repaired or replaced. You can then start the rehabilitation process and remodel it to restore it to livable condition.