Real estate investors must wear many hats, from marketing analysts to landlords and everything in between. Some aspects of the job can be quite technical and are best delegated to professionals. One such task is demolition services, which involves tearing down a part of the building when remodeling prior to renting or fix-and-flipping the property. Demolition services are essential to real estate investors looking to renovate or rebuild a property. Here's what you need to know.
What Are Demolition Services?
Demolition services involve completely or partially removing a residential or commercial building. Demolition is typically used when a property has outlived its use, has structural issues, or needs reconstruction. These services include the dismantling of a wall or two, removing and disposing of debris, and cleaning up the site to make it ready for the next step in the process.
What Are Common Demolition Services?
The most common demolition services offered include:
- Total demolition. Total demolition involves tearing down the entire structure of a building. A real estate investor may need to tear down an illegally built garage or a home that is condemned by the city.
- Interior demolition. Interior demolition targets the inside of the building while leaving the exterior intact. Many real estate investors buy older homes with small, closed-off rooms and gut the interior to make way for large, open-concept living spaces.
- Selective demolition. Selective demolition focuses on a particular part of the building, like a room, wall, or floor. Selective demolition services involve tearing a portion of a wall or floor out due to termite, water, or other damage.
- Mechanical demolition. Mechanical demolition is when equipment is used to pull down the building, such as cranes, bulldozers, and excavators.
What Are the Benefits of Demolition Services for a Real Estate Investor?
Demolition services are essential for real estate investors who want to fix and flip homes. It allows the investor to completely transform an outdated or damaged property into a new, modern structure ready to rent or re-sell for a profit.
Additionally, specialized demolition services also ensure the safety of the property by removing asbestos, lead paint, or any other health hazards that could harm future occupants.
Demolition services are an essential part of any real estate investment project. It paves the way for new construction and renovations while ensuring the structure is safe for future occupants. As a real estate investor, it is crucial to have a reliable and reputable demolition services crew in place to ensure the job is done correctly.