Board-up Specialists in Demand
By: Leslie Pandey, Senior Content Writer/Editor | September 17, 2008
What’s the latest trend in the home improvement industry? Well, it’s not something that “improves” the home per se, but rather something that protects it. I recently came across this interesting MSNBC article that examines a rising sector in the industry: ”board-up” specialists.
Board-up specialists are home improvement professionals who are hired by lenders and banks to look after their foreclosed properties. As the article explains, this can mean many things. Based on the needs of the lender and the specific property, board-up specialists handle everything from boarding up the windows and doors to changing the locks to hauling junk to the dump. If there’s graffiti on the home, they’ll cover up the graffiti. If windows are broken, they’ll replace the windows.
As the number of foreclosed properties skyrockets, many professionals who once did skilled labor are finding the board-up industry lucrative and a source of steady work. Lenders generally have very few people on staff — or nobody at all — who handle maintenance on foreclosed properties, and they’re finding themselves with an increasing number of properties to manage.
In some areas, lenders are being fined by local municipalities if their homes are neglected, since these unkempt homes can affect property values. In addition, lenders are looking to prevent the homes from being taken oven by squatters and theives. There have been many recent cases of foreclosed homes being stripped of their innards and stripped of everything else. As long as cases like these keep happening (and they likely will), there will be no shortage of work for board-up specialists.
Photo credit: ©iStockphoto.com/MCCAIG
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Greg Peninger on September 17, 2008 4:53 pm
This has to be very depressing to the original homeowners. I’m sure plans were made about raising families or retiring then to come back and see what has happened to their dream house must be difficult.
We try to assist some lenders by providing temporary wireless video security to prevent theft and vandalism, but many times we are called too late.
Foreclosures and Their Trickle-Down Effect | Zillow® Blog on October 10, 2008 11:59 am
[...] but there are many people and businesses that are benefiting because of it. Kind of like the “board-up specialists” that have emerged or the uptick in foreclosure bus tours. Or, people who couldn’t [...]