The True Cost Of Deferred Maintenance For Homeowners & What It Means For Investors (Methodology)

Foreclosure Deals Coach Podcast

Greetings Foreclosure Deals Coach Family!!!
As investors, we've seen rising inflation numbers impact our industry in a big way. Home prices have appreciated at record rates in response over the last two years, but in 2022 we're starting to see our government take measures to curb that inflation by raising interest rates over the last few months. Although we have seen a slight depreciation in prices recently and expect a more noticeable dip in the future, some parts of the real estate industry are still dealing with rising costs resulting from trillions of dollars being injected into the economy through stimulus packages. Homebuilders, investors, and rehabbers are still managing the significant jumps in costs of materials and labor in an effort to maintain profitability, but let's take a look at this reality from a consumer standpoint. We know as flippers and investors that items like wood and paint are more expensive, but what does that mean for the normal homeowner who might need to do some repairs around the house? For 43% of homeowners in the U.S., it means putting off maintenance because they lack the money to pay for the repairs. But how long can someone defer repairs and maintenance before the impact starts becoming detrimental to the integrity of the home? And as these homes slowly deteriorate over time, how should we as investors position ourselves to be a resource to homeowners who might not have to capital to address their deferred maintenance?
Tune in to learn why deferred maintenance is a risky proposition for homeowners, and how you can navigate the rising costs of homebuilding materials to still find deals that might need a little more work but offer bigger spreads and more profits.
Mentioned in today's episode
Propstream
Launch Control
Foreclosure.com
RentReporters
Here's a link to the article Donny discussed in today's episode:
43% Of Homeowners Have Delayed Home Improvements & Maintenance Due To Inflation, Here's Why That's Risky

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