REO

REO Repairs in Broward County

Photo before REO repairs Photo after REO repairs

A before & after look at REO repairs on this bank owned property (a.k.a. REO/Real Estate Owned) in Broward County. The majority of the budget on this R.E.O. repair project consisted of replacing/upgrading all windows to impact windows and roof replacement with substantial rotted decking & truss replacement. The remainder of the budget was used on interior for carpet replacement, door replacement & interior paint. The main goal for the property owners was to stay within budget and get the property back on the market for re-sale.

 

Extensive Wallpaper Removal & Interior Paint

This was another large REO rehabilitation project handled by Rausa Builders Corp. The property was in decent condition, but was dated with floral wallpaper in all bathrooms and a different color scheme in each area of the home. The asset was located in Deering Bay, an exclusive luxury community on the southern tip of Coral Gables. The goal was to refresh the asset so the owners can put it back on the market for re-sale and get the largest possible return on their investment.

The home was just over 6,000 sq ft in size, with 5 bedrooms and 6 bathrooms. Each room was painted a different color, with bold colors in the master bedroom, kitchen & dining. All 6 bathrooms had floral wallpaper from floor to ceiling, which required temporary toilet and vanity relocation for proper removal.

Painting of the high ceilings and crown molding required scaffolding to be installed.

Below are before & after photos of this REO rehabilitation:

REO Rehabilitation in Southwest Ranches

Real-Estate-Owned (a.k.a. REO) properties and investment properties are often acquired after months and sometimes years of neglect, requiring proper REO rehabilitation to get the asset back on the market. REO luxury homes are no exception.

This REO rehabilitation project of a 10,000 sq ft home in Southwest Ranches required carpentry work for missing crown moldings, complete interior paint, installation of new light fixtures, pressure washing the roof and repairing then painting the driveway. Rausa Builders Corp’s goal was to refresh the property and give the new homeowners a blank canvas without breaking the REO budget.

Scaffolding was brought in to install crown molding, light fixtures and paint the ceilings which were over 20 ft. high in common areas and 12-15 ft. high in the bedrooms.

For the exterior, pressure washing the large roof, painting the driveway and garage floors gave the asset a more inviting feel.

Below are before & after photos of this simple yet large REO rehabilitation project:

REO Roof Replacement in Hollywood

Below are photos of a Real-Estate-Owned (a.k.a. REO) roof replacement project Rausa Builders Corp. completed in Hollywood Florida. Rehabilitating an REO property or investment property requires preserving the property as well as preparing it for re-sale.
A thorough roof inspection showed the shingle portion to be water tight, with a 10+ year life expectancy, while the flat roof had reached it’s end and needed to be replaced.

Interior Paint

Interior Paint and Pressure Clean

Before and after photos of a Coconut Grove property that needed some exterior pressure cleaning and interior paint before being placed back on the real estate market.

Mildew & Mold Remediation in Miami

This Miami home required the removal of over 300 sq ft of drywall and a thorough cleanup of all areas with a 50/50 bleach/water solution to eliminate mold spores. The kitchen cabinets and appliances were completely removed due to mold infestation. Once all mold was remedied, new drywall was installed and painted.

Repair, Patch & Paint

This is a simple repair, patch and paint job on an REO property in Miami.

REO Patch, Prep & Paint

This REO apartment in Miami Beach required some minor repairs and painting in order to be placed back on the real estate market.