Four Options for Dealing With Abandoned Buildings

Last Updated: June 8, 2024Abandoned buildings are extremely common in neighborhoods where buyer demand is weak or almost non-existent. Occasionally this happens when the design of a particular structure is just too weird, but most often, this is due to a lack of buyers. As we describe below, sometimes it just means that the current owner is stuck emotionally, financially, or logistically. However, when there are a number of these homes or commercial buildings, it's a telltale sign of neighborhood distress.Your neighborhood shouldn't allow this situation to continue.Unless you are in an otherwise flawless neighborhood, it signals tooutsiders that property in this neighborhood may be close to worthless. Those unfamiliar with your community think things are so bad it doesn't even matter to you if people abandon the place.Abandoned buildings are rare in well-kept neighborhoods where demand forproperty is high, but it happens even in the nicest suburbs. When itdoes, the neighbors will be qu...