The increasing trend of repurposing vacant homes as unofficial storage units by families is often driven by emotional attachments to the property or its contents, as well as practical challenges such as distance and time limitations.
However, this practice raises concerns regarding declining property values and the increased risk of deferred maintenance. Utilizing the services of senior move managers can offer significant benefits in effectively dealing with home contents and preserving property values.
When heirs are confronted with the daunting task of emptying a vacant home, emotional attachments can make it challenging to part with cherished belongings. The sentimental value associated with these items often leads families to opt for using the vacant property as a makeshift storage facility, as they struggle to let go.
“We have more than one client maintaining multiple properties due to their inability to emotionally detach from either the home itself or the contents within it,” said Nikki Buckelew of Buckelew Realty Group. “They seem to be unconcerned by any associated carrying costs, increased liability, or potential risk of damage or repairs.”
In addition to emotional ties, practical challenges can play a crucial role in this phenomenon. Distance can present a significant obstacle, particularly for heirs who live far away from the vacant home.
Sorting through and organizing the contents becomes a logistical challenge, making it tempting to choose the convenience of using the property for storage rather than dealing with the process of emptying it.
Furthermore, time limitations further compound the issue. Emptying a home requires considerable effort and can be time-consuming, especially for heirs who have other commitments and limited availability.
The sheer volume of belongings and the need to make decisions about each item can contribute to an indefinite delay in the emptying process. Consequently, the vacant home inadvertently becomes an impromptu storage unit, prolonging the challenges associated with property maintenance and potential value decline.
Senior Move Managers Provide Support
Enlisting the services of senior move managers can provide families with valuable guidance and hands-on assistance to effectively deal with emptying the home.
Senior move managers specialize primarily in assisting individuals and families with the relocation process, including downsizing, organizing, and decluttering, however, their expertise in managing sentimental items and guiding the decision-making process can help heirs navigate the emotional challenges associated with letting go.
“There are people who simply don’t know where to begin when it comes to the daunting task of liquidating their deceased parents’ personal belongings,” said Jake Stover, move manager with OKC Mature Moves.
“By taking some of the logistics off their shoulders and connecting them with reputable estate liquidators, they are able to breathe easier and focus on the few things that really matter to them.”
Professional Senior Move Managers® offer practical solutions, providing professional expertise in sorting, categorizing, and properly disposing of items as needed.
They can facilitate the relocation of sentimental belongings to more suitable storage options or help coordinate donations, auctions, or estate sales to ensure a streamlined process that respects the property’s marketability.
Drawbacks of Using Vacant Homes for Long-term Storage
1. Deterioration:
Lack of regular maintenance and climate control can lead to deterioration of both the structure and stored items, particularly sensitive items such as furniture, electronics, and documents. Moisture, pests, and temperature fluctuations can cause damage over time and be costly to repair.
2. Security Risks:
Unoccupied homes may attract thieves, vandals, or squatters. Storing valuable or sentimental items in an unsecured property increases the risk of theft or damage.
3. Insurance Issues:
Insurance policies typically have limitations and exclusions for properties used primarily for storage. The lack of proper coverage could result in financial losses if items are stolen, damaged, or destroyed.
4. Legal Concerns:
Local zoning regulations or homeowners’ association rules may prohibit or restrict using a residential property for storage purposes. Violating these regulations could lead to fines or legal consequences.
5. Potential Depreciation:
Real estate markets can fluctuate, and the value of the inherited home may depreciate over the course of several years. Delaying the sale could mean selling the property for less than its potential value at the time of inheritance.
If you or someone you know would like a complimentary downsizing coaching appointment, give us a call at 405.708.7010.
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