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What is property preservation?

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Quick Answer

Property preservation represents an array of services required to maintain or restore a vacant residential or commercial property prior to sale, transfer or occupancy. Property preservation includes winterization, removal of garbage and other debris, cleaning and securing the property, as well as identification of needed repairs or service.

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Full Answer

Winterization services include disconnecting the water supply at the interior and exterior shutoff valves, draining water from water heaters, toilets and sinks, and pressure testing the system. Winterizing tasks vary based on type of heating system. Debris removal, as part of property preservation, includes removal of all waste including hazardous chemicals, dead animals, and rotting food and must be carried out in compliance with Federal Housing Administration requirements.

Interior cleaning, such as vacuuming, scrubbing floors, cleaning carpets, washing windows, is commonly called maid service in the business of property preservation. Securing a vacant property includes changing locks on doors and windows, securing the garage, storage buildings and swimming pools by adding locks or other security devices, and boarding windows and doors as requested. Federal Housing Administration requirements apply.

Lawn maintenance, pool draining and maintenance, small repairs or rehab services and the identification of problems like mold or pest infestation are among other property preservation services. Preservation services are most frequently needed by banks and other lenders due to property foreclosures.

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