Vacant Homes Hurting Values in Las Vegas Neighborhoods
We have the ability to help prop up property values in Vintage Vegas
We’re recommending that neighbors band together and go mow the lawns, or pull the weeds or pick up the litter, or even more extreme, go paint the trim on abandoned homes.
Last month, I posted the story below, and my little pet peeve rant about people who don’t take care of their landscape. It’s bad enough when they live there. It’s even worse when it’s an abandoned home, or a bank REPO. But we, as proud and involved neighbors NEED TO TAKE ACTION. In the very least, call the city or county rapid response and get them to get on top of it.
If the home is for sale, it will bring a better price if it looks even a little better from the street. If it’s for rent, it will bring a better quality of tenant if it looks better. If it’s just abandoned or awaiting foreclosure, then it’s STILL HURTING YOUR VALUE. The foreclosure problem is hurting values as it is. The look of the properties that are vacant does even more damage. We can’t solve the foreclosure problem, but we can at least take the downward pressure off of prices by pro actively doing something about the look of the vacant properties.
I know we’re all busy with our lives and our own problems, but I’ve never ever talked to a homeowner who wasn’t concerned about the value of their own home. That value is being dramatically affected by the vacant home across the street.
From the Archives August 28, 2007
Certainly these people must come home everyday and drive thru their neighborhoods. Don’t they realize that Vintage Vegas is well over the hump of the “comeback”? This home is the ONLY one on the block that isn’t being taken care of. I showed the house next door to this yesterday in Fran Park 4 which was really nice, but the clients were turned off before we ever got in the house, because of the house next door.