Is your home vacant?
Are you well-versed with the risks associated with the vacant property?
Yes, RISKS, keeping an empty home in California can be very risky. Sounds scary?
Well, you are not all alone. There are around 18.4 million vacant homes in the U.S. and you might own one of them. Before you start digging for the risks associated with empty property, it is essential to know about term VACANT.
What is a vacant home?
Generally, a home is defined ‘vacant’ if it does not contain enough stuff, making it unfit for living for a resident. Hence, a home can be considered vacant if it doesn’t have table, chairs, bed, or kitchen appliances. Along this, your home is vacant if
- You are having no incumbent
- Your property is unoccupied
- There are no tenants or occupants
- Characterized by lack of thought or intelligent awareness
If any of these conditions meet your current situation, you are owner of a vacant property and need to be aware of the linked risk factors.
What are the Risks Factors associated with Vacant Home?
Though there can be different risks of having a vacant property in California, yet here are listed the three major ones, and how to reduce them.
Is your property devoid of things that could cause injury to someone? Yes, you need to ensure that anyone who visits your vacant home like the maintenance workers, firefighters, mailman, or trespassers, doesn’t get wounded. So, if there are any broken steps or railing, fix them immediately. Along this, ensure there are no combustible chemicals inside there.
Damage and Repair
When having a vacant property, you need to regularly inspect your property for varying reasons such as mold and damage. And if a major problem occurs, you might need to invest in costly repairs.
To avoid, make sure to check areas such as attic, roof, basement, and gutters on regular basis. You can install smoke detectors to greatly decrease the likelihood of damage.
Trespassing and Vandalism
Why only damage, there is a major risk of break-ins in the city. The cases of broken windows, and even a burnt down house is highly common.
So, when it is about keeping trespassers away, you need to prepare your property in a way that it looks like occupied. For example;
- Keep the landscape maintained
- Install light timers
- Keep your mail forwarded
- Install a security system
- Put up signage in a conspicuous spot.
After going through the mentioned risks, you might be feeling it difficult to keep a vacant property. Not a problem!
There is an easy alternate to reduce these losses. Simply- sell out your property to a professional home buyer. The best thing is you can get quick cash offer and walk away with a reasonably good amount in just few days.
Yes, Authentic HomeBuyer will make the fastest cash offer, i.e. just in 24 Hours. Let us know if we can help you!