The number of vacant properties is on the increase, so it is important for you to know the options for protecting vacant property. While it stands empty property-guardians will secure your building by occupation.
Of course, there are many risks for your vacant property, especially vandalism, arson, squatters or thieves and so on. It is important to know how to protect your empty building.
Best ways to prevent damages of your unoccupied estates:
- Install working security systems
- Disconnect things like gas and water from the source
- Make your building more visible for passers-by by cutting back your hedges
- Inspect your property at least once a week to check if there are any issues
Normally a vacant property is divided into following categories.
Residential real estate:
Duplexes, quadplexes, triple-deckers, high-value, vacation and multigenerational homes belong to residential real estates, as well as single-family homes, which are the most common one’s.
Commercial real estates:
They include shopping centers, hotels, offices, medical and educational buildings. Although, apartments are usually used for residences they belong to commercial estates, because they are meant to produce income.
Industrial real estate:
We consider warehouses and manufacturing buildings as industrial estates, because they can be used for research, production, storage and distribution of goods.
Working farms, as well as undeveloped, early development or reuse, subdivisions and site assemblies belong to the category land property.
In conclusion, vacant property can be used for different purposes. On one hand for living, on the other hand for working.