5 Ways to Reduce the Risks of Owning a Vacant Property

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:

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.

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