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10 Things You Need to Know When Buying a ‘Hoarder House’

by LiveModern Webmaster last modified Dec 07, 2018 01:09 AM
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by Brittany Anas last modified Dec 06, 2018

Boulder, Colorado, is, for the uninitiated, a land of spandex-clad athletes driving Subarus with Namaste bumper stickers into the driveways of their $1.2 million single family homes . So when one of my friends broke into the pricey Boulder real estate market when we were in our 20s, I was intrigued to know exactly how she was able to do it. Surprise, surprise, it was a somewhat unconventional and unglamorous route: "Did I tell you we bought a hoarder house?" she mentioned as we caught up over kale salads and quinoa (because… Boulder). Akin to buying homes that have slipped into foreclosure, investing in properties previously owned by hoarders can be a creative way for millennials to achieve homeownership in a challenging housing market . But, as real estate professionals will warn, it's no easy task: There are different degrees of hoarding, some of which can pose health hazards. The American Psychiatric Association defines hoarding as excessively saving items that others may view as worthless. Individuals may have such a hard time parting with possessions that the clutter disrupts their ability to use their living or work spaces. In my friend's home-buying experience, she and her husband weren't able to see a couple of rooms in the basement during the initial walk-through because they were stuffed floor-to-ceiling with junk. Her husband, who works in real estate, was able to negotiate that the house be cleared out before they moved in. Then, they brought in professional cleaners and painters. They also had the carpet and flooring removed and replaced. As she put it, the house had good bones under the piles of stuff. Here's what else real estate experts say you need to know about buying hoarder homes: READ MORE »




 

 


 

 

 
 
 

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