The Purpose of Property Preservation Services
What happens to a home when circumstances dictate the lender must hold the home vacant? If the maintenance of the home is not continued, the condition of the home could deteriorate rapidly. The property preservation company meets with the loan holder and relevant insurance company. Together they review what services are necessary, based on the site survey. Present at the meeting, conducted on site, will be the loan holder, the representative of the insurance company and the property preservation services company representative.
The first thing verified during the site survey is vacancy. Then the condition of the home is determined with a report prepared noting of existing damage. The insurance company contacts a removalists Melbourne crew to remove, and place in temporary storage, any non-structural furniture or other items left by the previous occupant.
Property protection companies provide a number of services to ensure any home remains in good shape until new occupants arrive. Here is a list of some of the services involved in Property Preservation.
Property Protection and Securing Access
Once approved by the lender and insurance company the property preservation company changes all exterior locks in the home. Depending on the securing order, other duties may be completed at this time. Those could be repair of broken glass or boarding shut any damaged exterior doors.
Property Preservation – Winterization
Depending on the time of year, preparing a property for climate changes during the winter is very important. During freezing weather, damage can occur easily due to freezing pipes and faucet fixtures. Heating systems must also be prepared for the cold weather. Accordingly, the complete plumbing and heating systems are prepared for freezing weather.
Property Preservation – Debris and Trash Removal
Part of property preservation is the removal of trash that could invite infestation or be a safety hazard from the property. During the initial site survey the insurance company has contacted either a removalists Melbourne crew or other movers Melbourne which lenders frequently rely on, to remove and store property of the previous occupant. As property preservation services are performed all trash and debris is removed immediately.
Property Preservation – Landscaping Maintenance and Snow Removal
During spring, summer and fall seasons, basic landscaping maintenance is performed so that the home does not give an obvious outward appearance of vacancy. This helps prevent intrusion by unauthorized parties. Snow removal is performed on public walkways crossing the property to prevent liability issues. These services are all done based on specifications given in work orders from the lender and insurance company.
Property Preservation – Building Codes Compliance
If local building codes change requiring modification of the property, these changes may be done by the property preservation company.
If the original site survey indicated the property was not yet vacated, the lender and insurance company may call on movers Melbourne to assist in removal of personal property of the previous owner to a location of their choice, within the city.
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