Derivatives Options

It always amazes me how a professionally applied industrial-strength cleaning can dramatically improve any property ’s appearance.

So it’s necessary to always include a clause in your option agreement that gives you the right to enter and clean the property during the option period. You must give a property under option an old-fashioned industrial-strength cleaning to make the property more visible and accessible to prospective buyers passing by and keep vandals, arsonists, homeless squatters, and drug addicts from gaining easy access to the property.At the same time you can also maximize the property ’s curb appeal and increase the property ’s resale value.

Don’t confuse an industrial cleaning with an extreme property makeover.          There is a world of difference between giving a property an industrial-strength cleaning and doing an extreme makeover like the ones shown on TV, where they take a building apart and put it back together. An industrial-strength cleaning is nothing more than a very thorough cleaning, which dramatically improves a property ’s curb appeal by:1. Removing all of the trash from the building and grounds.2. Putting the building and grounds in a broom- and rake-clean condition.3. Cutting and removing all of the overgrown brush, grass, and weeds from the grounds.4. Trimming shrubs and trees.5. Pressure washing all exterior walls to remove grime, mildew, mold, graffiti, and peeling paint.6. Pressure washing concrete walkways to remove grime, mold, grease, and oil.

Whatever you do, please do not do like a rookie option investor in Dallas,Texas, who got carried away during a property cleanup and had new carpet installed in a house he had under a three-month option.

Finally,once a property is put under option, time is money and you cannot afford to dilly-dally around with the cleanup. And the trick to completing a fast property cleanup on schedule and within budget is in knowing how to develop a cleanup plan based on the property ’s appearance and information that was derived about the property ’s physical condition during your pre-buy inspection of the property.Then, calculate a budget by using a bottom-line mentality.