Vacant homes cost money every month — taxes, insurance, utilities, and the risk of vandalism or code violations. Here's how to think through your options.
Quick takeaways
- Vacant homes cost money every month and may lose insurance coverage.
- Repairs can add value if you have the time and budget.
- An equity partner can fund repairs for a share of profit.
- Cash buyers purchase as-is — no repairs, cleaning or showings.
Watch: animated overview
1Secure and insure it
Standard homeowner's insurance often doesn't cover vacant homes after 30–60 days. Ask about vacant-property coverage and keep the home secured.
2Repair and sell or rent
If you have funds and time, repairs can increase value. Get multiple contractor bids and budget for surprises.
3Partner on the repairs
An equity partnership lets an investor fund and manage repairs in exchange for a share of the profit when the home sells.
4Sell as-is
Cash buyers purchase homes in any condition with no repairs, cleaning, or showings needed.
This information is general and educational only — not legal, tax, or financial advice. Please consult a qualified attorney or professional about your specific situation.