Owning a vacant property is risky. Unless you’re regularly inspecting your property for damage, costly repairs can go unnoticed and worsen.You also run the risk of break-ins, which can result in broken windows, graffiti-ed walls, or even a burnt down house.
Plus, it’s a liability, since you’re less likely to catch things that might cause injury to visitors to the property (e.g. the mailman, maintenance workers, firefighters, or trespassers).
But if you have a vacant property, don’t fret. There are ways to keep it secure. Here are 5 ways to reduce the risks of owning a vacant property:
- Check on the Property Frequently
Do frequent drive-bys, both at night and during the day.
In addition to enabling you to look out for vandals, squatters, or trespassers, it’s a good way to keep up on any maintenance that needs to be done.
If you don’t live in the area, have someone you trust do it for you.
- Make it Look Like Someone Lives There
When a house looks dirty and the shrubs are overgrown, it sends a clear signal it’s vacant. Make sure to keep the outside of the house clean and well-maintained.That will also help reduce liability.
- Keep it Well Lit
Dark properties are a sure-giveaway no one’s home, so it’s worth paying the electrical bill to keep your property lit at night.
- Get a Live-in Caretaker
Having a friend or family member live in the property so they can keep it secure and well-maintained is a good alternative. And if the property is in good enough shape, you can even rent it out.
- Sell It
The easiest way to reduce the risk of a vacant property is to sell it.
And if you really want the process to be painless, you can sell the property to a professional home buyer.
They buy the property as-is and handle all the repairs. Plus, they can typically close as quick as seven days.
Want more information about how selling your home to a professional home buyer works? Click here or fill out the form below.