An empty home need to be looked after as much as one which is lived in. An empty home costs money. Excluding the cost of depreciation and vandalism, one official estimate suggests that an empty home costs its owner a staggering £135 a week, that’s £7018 a year!*
In addition to the lost rental income which your empty home could be earning for you, you will need to insure it (if insurance is available) and pay full Council Tax (after 6 months of it being empty).
It makes financial sense to put your empty home to use. Here’s some practical information and advice support to help you turn your empty home into a valuable asset.
You should also have a look at the I own an empty property page on the Empty Homes Agency’s website.
Buying an empty home Selling an empty home Council powers Reporting an empty home Financial Assistance Having building work done