How Vacant Homes Hurt My Property Value 954 247 1353 SellFloridaHouseNow.com Weston FL Davie FL Sunrise FL

You may just think of the vacant home as an eyesore, but did you know that it can cause even more problems then just not being nice to look at. In this article we will look at a few ways that vacant homes can hurt you and your neighborhood and some things you can do to counteract the problem. Low Appraisals If you are going to be selling your home you could well be surprised at how much lower your property value is because of the foreclosed property in your area. If you only have a small number of foreclosures in your area the appraiser will be able to compare your home with other homes that are in good standing. Sadly when there are a lot of foreclosures and short sales in your neighborhood the price of those homes will effect the price of your home in a harmful way. Worse yet, if you have a lot of foreclosed and vacant homes you will not only have the problem of lower property value but also the perceived value of the home due to a lower desirability of the entire neighborhood. Also if you find a buyer that is interested in your home they may have a hard time getting a federally secured loan if there are a lot of foreclosures where the current homeowner's have failed to pay HOA fees. You may still have problems even if you are getting your loan without federal funding. Vacant homes invite pests. Uncared for homes become a playground for pests. When the yard is not trimmed or the structure of the home is not maintained, your new neighbors may be termites, mosquitoes, and spiders. Damaged wood can be a nice feeding ground for termites and standing pools of water becomes a breeding ground for all manners of flies and pests. This can spread throughout your own neighborhood costing a fortune in pest control measures. Vacant Homes invite Crime. On top of the pest concerns, vacant homes are prime targets for arson and vandalism. With a higher crime rate in your neighborhood, your homeowner's insurance and homeowner's association fees may increase. Municipal money is wasted. If the pest and crime becomes a very big issue it will also start to cost tax payer money to try to control the problems. This means that money that would otherwise be used for school systems, parks, and other safety measures it will instead have to spend that money to take care of the problems associated with vacant homes. Things You Can Do As we have shown in this article vacant homes can be much more then a simple eyesore to the neighborhood and can actually reduce the value of your home. There are luckily a few things that you can do in order to counteract these problems. The first thing to do is make sure that you let the local authorities know that a house has been abandoned. In some areas there are laws that will require the bank to maintain the home. You can also call the bank yourself and let them know that the house has an overgrown lawn and that no one is living in it. If your neighborhood does not have these types of laws you may want to bring it up to local officials. You can also start a vacant property registration to keep track of contact information on who owns the homes in your area. If you know that a bank is not taking care of their responsibility you might want to consider making a public notice in the local newspaper and some banks will take care of these issues to minimize negative publicity. You could also get with some of your neighbors to take turns mowing the lawn and parking vehicles in front to make the home not look vacant. You can find companies that buy houses that will find the property interesting and be interested in buying the home. Written by Melissa Gifford. Sell your vacant abandoned house to me. 954 247 1353 or click here