When you have an REO property on the books, you want to get it repaired, restored and updated as fast as possible so you can get it sold at a profit. Of course, since lenders don’t generally keep carpenters, electricians, and other contractors on staff, getting that done can be a challenge. Usually, just contacting the first repair service you find is a bad idea.
The trick is, how can you find high quality craftsmen to take care of the updates, upgrades and repairs needed to take that vacant property from blight to profit? Learn how to identify a good contractor to provide quality renovations for REO properties and where to find one you can count on to get your Frederick, Hagerstown or Annapolis property in shape and sold.
How to Get Quality Renovations for REO Properties
Home improvement projects can be stressful, especially if you don’t make the right choice in aid contractor. The wrong contractor can provide shoddy work, hide mistakes, cut corners, and even drop off the face of the earth, leaving you high and dry. The right contractor, on the other hand, will get the job done right the first time, efficiently, and with constant and open communication.
The first step in finding the best quality renovations for REO properties is to check the background and references of the companies you’re considering. Do your research and make a list of companies and contractors that offer the services you’re looking for, then check into their history.
Look them up on the Better Business Bureau to see what their rating is and whether they have any unresolved complaints. Look over their website for testimonials, and ask them if they can provide a list of references. If they can’t, that’s a red flag.
Check for Licensure and Memberships
Most contractors are required to be licensed and bonded in order to legally practice in many areas. Check to be sure the paperwork and licensing are in order before you even ask for a bid. Also, look into membership into any professional societies and organizations. Such memberships can often speak to a reputation for quality service.
Look for a Variety of Services
For private individuals, it’s all well and good to hire separate craftsmen for electrical work, carpentry, property cleanup and other services. When you’re trying to get an REO property updated and upgraded, however, you don’t have the time or resources to track a dozen different contractors. You need a service that can provide all the quality skills and results you need up front.
Ask about Communication
Communication is essential. You want a service who’s going to manage your work, while leaving you in complete control, and providing ongoing status reports and updates. Make sure that the service you choose will have a solid centralized method of keeping in constant contact.
Call First Freedom Preservation
If you’re in the Hagerstown, Frederick or Annapolis regions and you’d like quality renovations for REO properties, First Freedom Preservation can help. We have decades of experience doing what we do, and provide a full range of services including exterior and interior upgrades and restoration. Give us a call for more information today.