Repairing home with fire damage

[Edgar Peralta]

Hey everyone, has anyone rehabbed a home with fire damage? Im looking to purchase a home with fire damage but don't know how expensive rehabbing it would be or if it's even worth getting into a project like that. Thanks

[Jeremy VanDelinder]

I flip fire-damaged properties and own a fire damage restoration company. There can be good profits in it, but It can be a big undertaking.  Unless you are rather experienced with this type of damage, it may be hard for your to tell the extent of damage. 

Yes, it can be done, however (as with any investment) the numbers have to be right and you have to do a lot of homework to know what you are getting into. The challenge with fire damaged properties if you have never done one is that there is more than meets the eye. For example, often fire damage is water damage--they put the red stuff out with wet stuff. Furthermore, there is the potential of extensive smoke damage in the same airspace. Odor mitigation is also an issue and is quite the art to do effectively.

If you do move forward on the property, I highly recommend finding a fire restoration company/contractor to walk the property with you and give you a good understanding as to what needs to be done.

I'd be happy to help in any way I can--look at pictures, answer questions, etc. Good luck!