So you happen to have a vacant home, then keep reading. Vacant properties may sound like an interesting potential for investment or future projects. Still, vacant properties can be dangerous, resulting in costly repairs or lengthy legal processes. Discover here the 5 dangers of having a vacant property.
1. Squatters
If your property is unoccupied for a while, squatters may break in and start living there without your permission. They do not pay rent, but they can also damage your property and make it uninhabitable. In some cases, you may have to go through a legal eviction process to get them out of your property, which can be costly and time-consuming.
2. Burglaries And Vandalism
Burglars are always on the lookout for easy targets, and an empty house is a perfect target. Burglars can break in and take whatever they want without being disturbed by anyone at home. An empty house is also an easy target for vandalism. Windows can be broken, walls can be spray-painted, and gardens can be trashed. These damages can be costly to repair.
3. Zoning Issues
An empty house may violate local zoning laws if it is not used for its intended purpose. For example, if you own a vacant commercial property, you may be required to obtain a special permit to keep it vacant. Failure to do so may result in fines or other penalties.
4. Fires
An empty house is more susceptible to fires because no one is home to spot a fire and call the authorities. A fire can quickly spread through an empty house, causing extensive damage. Even if the fire is contained, the damage from smoke and water can be significant.
5. Wind, Water, Or Storm Damage
Another danger of having a vacant property is more susceptible to wind, water, or storm damage. If a tree falls on an empty house, the damage can be extensive. And if the house is not properly secured, water can enter and cause significant damage. The damage may be so severe that the house has to be demolished in some cases.
These are just some of the dangers of having a vacant property. While a vacant property may seem like a good investment, many risks are involved. Before purchasing a vacant property, be sure to do your research and understand the risks involved.
Sell Your North Carolina Vacant House As-Is For Cash
Are you looking to “sell my vacant house?” At Travis Buys Homes, we understand that vacant properties come with many risks. That’s why we buy houses fast in as-is condition for cash. We’ll take care of all the repairs and clean-up of any vacant home for sale, so you don’t have to worry about any risks associated with owning a vacant property. Contact us today to learn more.
