Tips For Flipping A Hoarder House
Buying a hoarder home can be a daunting task, but it can also be a great opportunity for real estate investors. In this blog post, we’ll share some tips for handling the process of buying a hoarder home and turning it into a fantastic investment.
Determine the Extent of the Hoarding: The first step in handling a hoarder home is to determine the extent of the hoarding. Is it a mild case or a severe one? This will help you determine how much work needs to be done to the property and how much it will cost.
Work with a Team of Professionals: Buying a hoarder home requires a team of professionals, including a real estate agent, a contractor, and a cleaning crew. These professionals will help you assess the property, estimate repair costs, and clean out the home.
Get a Home Inspection: It’s important to get a thorough home inspection before buying a hoarder home. This will help you identify any structural or safety issues that need to be addressed. It will also give you a better idea of the overall condition of the property.
Set a Realistic Budget: Renovating a hoarder home can be expensive, so it’s important to set a realistic budget. Work with your contractor to get accurate estimates for the cost of repairs and renovations. Make sure you factor in the cost of cleaning out the home and disposing of any debris.
Prioritize Safety: When dealing with a hoarder home, safety should be your top priority. Make sure you wear protective clothing, gloves, and masks when cleaning out the home. Be aware of potential hazards such as mold, mildew, and rodents.
Plan for a Thorough Cleaning: A thorough cleaning is essential when dealing with a hoarder home. This includes removing all debris, deep cleaning carpets and floors, and disinfecting surfaces. Consider hiring a professional cleaning crew to handle this task.
Renovate the Property: Once the home has been cleaned out, it’s time to start renovating. Focus on making the property safe, functional, and aesthetically pleasing. This may include updating the plumbing and electrical systems, replacing flooring and fixtures, and painting the walls.
Buying a hoarder home can be an interesting experience to navigate for real estate investors, especially if you are just getting your feet wet in that industry. Don’t hesitate to reach out to our Moving Montana Real Estate Team to ask more specific questions on this topic. Bryon O’Reilly is an experienced appraiser and real estate investor, and Tracy Brink and Becky Rodriguez are amazing agents that can answer your questions and help you come up with creative solutions.