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Updated over 7 years ago on . Most recent reply
Rehabs after Hurricane Harvey?
I'm looking at buying some SFH's in Houston, ones that haven't been damaged by flooding.
Most would need some kind of light rehab: carpet (or flooring), paint, blinds, etc.
Is there anything I should know about getting rehab done now in Houston? I would imagine projects are taking longer.
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With flood waters you cannot take short cuts otherwise I'd argue that investor would be doing something immoral and almost criminal. The water tests positive for several diseases, is mixed with many unmentionables like sewer water, and brings all types of mold faster than you would believe.
You MUST cut out all wet areas, dry completely, and then treat with an anti-microbial chemical. This must all be done before any rehab can be done and takes about a month to do it correctly. Plus, with the demand on all contractors and remediation companies, the repairs will take many months longer.
Personally, having lost my house to Harvey a few weeeks ago, yet also being an insured investor, my plan is to purchase what I can for cheap, and sit on them for a few months. I can do the remediation steps myself, but I won't be expecting to have them rehabbed for rental or flip for 4-6 months.
Not sure if this is what you were wanting, but this is the best and ethical way to handle flooded areas.