The biggest advantage of flipping a hoarder house is that the seller is most likely going to sell it way cheaper than the market price, and this is because you would have to spend money on making it habitable. However, buying the house for cheap will not always translate to profit—especially if you have to spend a lot of time and money cleaning it out.
That said, here are some of the best tips on how to flip a hoarder house without losing too many potential profits in the process:
1. Hire a team for the heavy lifting
Most hoarder houses are packed with garbage, clothes, unused furniture, and other things that have long lost their value. If the previous owner cleared out most of the stuff before they left, then you can probably get rid of the remaining trash yourself. But if it is not feasible—or downright dangerous—to do the work yourself, hire a team to remove most of the heavy items outside the home.
Hiring a team may seem counterintuitive to protecting your profits, but doing the work yourself may take too long—and the longer you keep the house, the more money you lose. So, if there is too much stuff in the hoarder house to move by yourself, hiring a handful of people to help you out can be considered an investment.
2. Use the right cleaning methods
Yes, there are correct ways to clean certain things, be it appliances, carpets, or light fixtures. If you use improper cleaning methods, you may only be making the cleaning process longer—which means you may also be spending more money than necessary.
That said, research the right way to clean certain things before starting the job. For example, if you have to clean out the dryer vents, be sure that you know exactly how to do it. Or if the refrigerator needs a once-over (which it would most likely will), look for the right cleaning products to use. Similarly, know when to call in a pro to tackle a cleaning job. If, for example, the oven is too filthy to clean yourself, hire oven-cleaning services to get the job done faster and more effectively.
3. Rent dumpsters
Don’t underestimate how many trash receptacles you need to clean out a hoarder house because you would most likely need plenty. Full-on hoarder homes tend to have hundreds of pounds of trash inside—sometimes even more than a ton.
To make disposal easier, use full-size dumpsters instead of regular rolling bins. You can rent out dumpsters from trash disposal companies that can even get rid of the trash for you. Compared to buying dumpsters and transporting the trash yourself, renting is the most cost-effective option.
4. Buy cleaning products in bulk
To clean a hoarder home completely, there is a good chance that you will need a lot of cleaning supplies. That said, consider buying your cleaning products in bulk to save more money and ensure that you have enough to make the house as clean as it can be once you’re done. If you don’t use up all of your supplies, you can always use them for your next flip, which means they won’t go to waste.
5. Rent professional cleaning equipment
Sometimes, regular cleaning appliances won’t cut it when it comes to cleaning hoarder houses. In this case, you need to rent professional cleaning equipment to cut into the deep-seated dirt and filth that have been marinating in the house for years.
With professional cleaning equipment in your arsenal, you have the power to clean the house much faster and more efficiently than with regular equipment. As a result, you can save money by reducing the time, electricity, and cleaning products it would take to clean the house.
6. Start at the top
If the house has a second floor, start cleaning from there. Clear out a path in the stairs and to the doorway to be able to move things quickly. In this way, you can maximize the bulk of your team’s energy earlier in the day when there is much stair-climbing involved.
Flipping a hoarder house is almost always ten times harder than flipping a regular house. Still, because hoarder houses tend to be cheaper, you may be looking at considerably higher profits.
However, before you flip a hoarder house, make sure you know how to make the most out of your investment. With these tips, you can maximize your capital every step of the way—as well as increase the amount of time, money, and energy that you save.