Service | Property Preservation
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Property preservation is a critical aspect of the real estate and property management industry, ensuring that properties maintain their value, integrity, and compliance with industry standards.
Inspection
One of the foundational elements of property preservation is inspections. This involves a thorough assessment of the property to identify potential issues, damages, or areas requiring attention. Inspection services may include: Occupancy inspections Initial property inspections Ongoing property inspections Hazard inspections Condition assessments Inspection plays a crucial role in developing a comprehensive preservation plan. Inspection plays a crucial role in developing a comprehensive preservation plan. Inspectors conduct an in-depth examination of the utilities, safety, additions/changes, structural components, grounds, and rooms of a foreclosed property. Beautiful wall colors and the neat first appearance of a home may be elusive for a buyer but not for a professional inspector. Certified inspectors possess technical knowledge and skills about the construction of walls, ceilings, floors, roofs, and foundations that a first-time home buyer may not have. The examination of safety factors is one of the main reasons for hiring a certified inspector. Possible safety concerns, such as radon, carbon monoxide, and mold, can be tested and uncovered by inspectors. Inspectors will detect changes done without permission, which may eventually become the financial responsibility of the new owner.
Repair and Maintenance
Repair and maintenance services encompass a broad spectrum of tasks aimed at addressing identified issues during inspections. This may include fixing plumbing issues, repairing structural damage, and ensuring that all systems within the property are functioning correctly. Repair and maintenance services can include: Roof repairs and replacements Plumbing repairs Electrical repairs HVAC system repairs and maintenance Structural repairs Window and door repairs Flooring repairs and replacements Drywall repairs Foundation repairs
Rehabilitation and Renovation
In most cases for foreclosed properties, there is a need for remodeling and renovating because of damages caused by previous occupants before the eviction. Rehab and renovation as a category of services for REO, includes the following list of subcategories: maid and cleaning services, cabinet installation and cabinet repair, electrical, estimation services, plumbers, flooring, roofing, bath and kitchen repairs, concrete, masonry additions/repairs, and mold removal.
All preservation information and updates are available, digitized and archived in real-time in 360 TotalView™.
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