A guy in California is making a living by painting the grass of foreclosed homes. That’s okay, I read that news twice too. A guy in California is getting paid by realtors to help keep up the curb appeal of neighborhoods and bank-owned listings by painting the grass of foreclosed homes that are back on the market.
It seems the downward spiral of the real estate market is creating a whole new set of jobs. According to a recent article in MSN.com, “the foreclosure crisis rattling the country hasn’t been bad news for all. It’s actually a meant a boom for a few businesses and activities nationwide.”
Another business that seems to be shining bright in this market is companies that go into homes to simply clean them up. With the high rate of foreclosures, people oftentimes leave their homes in less-than-desirable condition. That’s where a good cleaning company can begin to earn its keep. Everything from trash clutter, to broken furniture, old food, and even mold — many of these companies do a great job at turning a seemingly discarded home into a ready-to-sell property.
How about pool service? What was once regarded as a luxury amenity for the rich, back yard pools have become somewhat of a nuisance for neighbors when that home with the pool is foreclosed on by the bank. Pools left without proper maintenance become breeding grounds for mosquitoes and other pesky insects, not to mention the smell. As a way to clean up this mess, MSN reported that many pool service people have been “getting lots of calls from banks and real-estate agents to clean up the pools of foreclosed homes.”
Here’s another one: the board guys. No, not the guys that just sit around with nothing to do all day. The board guys are the ones that actually place the wood boards over the windows of homes that have been the victims of foreclosure, or sometimes of natural disasters as well. At a reported average of $70 per average-sized ground floor window, that could equal a good day’s pay after three or four homes per day…or after another hurricane.
Finally, there is the locksmith. MSN reported that the wave of foreclosures in one county increased the local locksmith’s business by as much as 60 percent. Once a house has officially been turned back to the bank, locks are immediately changed. The increase in business has come not only with the rising number of home foreclosures, but the downturn in the economy has also forced many more evictions over the last year, which also require a change of locks.
From credit repair specialists to consultants that work to renegotiate your loan, certain businesses are profiting from the economy and housing slump. With many economists predicting another two years of a housing slump before the turnaround begins, it should be interesting to see what other jobs come to the limelight amidst the collateral damage the crisis has caused.