What Are Some Of The Leading Problems With Vacant Homes?
Industry Statistics show that vacant houses tend to stay on the market 45 days longer than occupied homes. Not only that, but they usually sell for less money. When left vacant for more than 30-60 days, the homeowners insurance is either cancelled or the premium increases dramatically – for a policy with very selective coverage. Loss of value, lack of curb appeal and physical damage are typical problems resulting from a property sitting vacant, and all of these problems will adversely affect when and at what price a property will sell. Vacant houses are also more susceptible to vandalism.