Vacant homes are vulnerable. A burst pipe in January, a break in, or simply months of no one checking can damage value quickly. For executors, protecting a vacant estate property is part of protecting the estate itself.
Key takeaways
- Confirm insurance covers a vacant home.
- Visit or have someone check the property regularly.
- Keep heat and basic utilities on in cold months.
- Secure entry points and remove valuables.
A vacant property routine
- Weekly checkLook for leaks, damage and mail buildup.
- Monthly reviewUtilities, insurance and bills.
- Seasonal tasksHeat in winter, yard and gutters in fall.
- Before showingsLights on, fresh air, clean entry.
Insurance and liability
- Tell the insurer the home is vacant
- Confirm coverage type
- Keep sidewalks clear
- Fix hazards quickly
Watch for building issues
Vacant buildings can attract complaints or violations. You can monitor a property on the NYC Department of Buildings and housing records through NYC HPD.
Every week a vacant home is checked is a week of value protected.
Speed matters
Carrying costs and risk add up. A realistic price and modest preparation usually sell a vacant estate home faster, which protects the estate.
Frequently asked questions
Can I leave the utilities off?
In cold months, heat usually needs to stay on to prevent damage. Ask your insurer.
Should I board up windows?
Usually not, unless damaged. Good locks and regular visits are better.
Can the broker check the property?
We can coordinate access and showings with the executor.
Helpful public resources
NYC Department of Buildings | NYC HPD | NYC Department of Finance property
Related reading
Mendy Realty Inc. is a licensed New York real estate brokerage and Court Approved Fiduciary Broker serving Brooklyn, Manhattan and New York City with residential, commercial, estate and hotel sales. Call 718-751-0738.
This article is general information about real estate and is not legal, tax or financial advice. Please consult your own attorney, accountant or financial advisor about your situation. Market conditions change; verify current details before making decisions. Equal Housing Opportunity.
