How Do You Fix Up Foreclosed Houses?
Though some foreclosures are fine, others are riddled with problems. The previous owners were short on cash and unable to maintain the house, and they also might have been angry and deliberately damaged the house. Whether you plan to live in the foreclosure or sell it, you will need an accurate, objective assessment of its needed repairs. Then you can prioritize and proceed to fix up the house, knowing you aren’t making the mistake of choosing cosmetics over a sound structure. Hire a licensed professional home inspector; they are worth the fee they charge. Good inspectors uncover everything from faulty electrical grounds to structural issues, and they know the building codes. With an inspector’s report in hand, you have an accurate list of what needs fixing immediately and what can wait, and you know what a prospective buyer’s inspector will be looking at if you plan to flip the property. Repair structural, plumbing and electrical issues first, because they always cause more serious is
