To coincide with National Empty Home Week (30 November - 4 December), we are offering support and advice to local homeowners who have empty properties.
Empty Properties - What you can do?
You can sell through an estate agent, at an auction, or by advertising the property yourself. Get your property valued by a professional property surveyor or estate agent. Set an asking price, but decide how flexible you will be as potential buyers may try to negotiate the price.
Rent it out
If your home is ready to move into, you can rent it out. You could do that yourself or use an agency. Renting through an agency can take out some of the hassle and responsibility, although you have to pay for the service. Or you might be able to get a housing association to take it on.
What if it needs a lot of work?
You may need to refurbish or repair the property before you can sell it or rent it out. Get the work done as soon as possible so you can start to recover the costs.
There's a reduced VAT rate for the cost of renovating an empty property that's been empty for two years or more. You can pay just 5% instead of 20%.
If you can't afford the work or it's difficult to organise (for example, because you live a long way away), think about selling to a builder or developer at a lower price.
If you are aware of an empty property, please report it by calling 01228 817352 or email [email protected]