What should you fix on a foreclosure property? Start with the basic curb appeal of the property. You should start with cleaning the exterior of the property with industrial strength methods and materials. Pressure washing the exterior is a common way to clean the outside and remove almost all the unwanted dirt and grime, resulting in quickly improving the look of the home. This will also make it easier to prepare the exterior for a fresh coat of paint, if required. It is important to use a high quality paint and a decent color scheme that fits in with the locality. Landscape and trimming the lawn in front is an easy way to improve your property's curb appeal.
Carpet and paint are the most important items to fix on the inside of your foreclosure property. After patching and fixing the interior walls they should be painted with flat latex paint and door & window trim, baseboards, etc. painted with latex semi gloss. You should pick neutral colors for the interior paint. You may need to replace the carpet fi having it professionally cleaned isn't going to fix the problem. In order to save on the cost of the carpet in foreclosure properties you can replace the old carpet with rebond carpet pad and industrial carpet. You should always paint first and then work on the carpet for the simple reason that paint splatters easily and can be costly to remove from new carpet. In case this is a home you plan to live in you may want to consider buying higher grade carpet than suggested above.