Leaving Your House Vacant in Maryland Could Cost You More Than You Think
Vacant homes might seem harmless at first glance. But in Maryland, letting your property sit empty can quickly turn into a financial drain. From code violations and increased insurance premiums to break-ins and hidden maintenance damage, the costs pile up fast.
If you’re holding onto a vacant property, especially without a plan, companies like My Fair Market Offer can provide a fast way to exit before those expenses catch up with you.
Holding Costs Add Up Faster Than You Think
Even when no one lives there, the house is still racking up bills. Utilities, property taxes, lawn care, and basic upkeep continue month after month. Worse, vacant homes often require more maintenance because small issues like roof leaks or pests go unnoticed.
If you’re falling behind on those bills, you’re not alone. Many Maryland sellers are shocked to learn how quickly holding costs can stack up. For those struggling financially, learning about selling when you’re behind on your mortgage may ensure you avoid foreclosure.
Insurance May Not Cover Vacant Properties
Standard homeowners insurance typically only covers homes that are occupied. Once your home is vacant for 30 to 60 days, many providers either drop coverage or raise premiums drastically. That leaves you financially exposed to damage, fires, or liability claims.
To stay protected, you may need a special “vacant home policy,” which can be two to three times more expensive than standard coverage. It’s a hidden cost that catches many Maryland homeowners off guard.
Vacant Homes Are Targets for Vandalism and Squatting
Empty properties are vulnerable. Vacant homes attract break-ins, theft, illegal dumping, or worse, unauthorized occupants.
In cities like Baltimore and counties like Prince George’s or Harford, code enforcement is quick to respond to repeated complaints, and the fines can be steep.
Police won’t always intervene quickly, and eviction laws in Maryland can delay removal. If your house has been sitting too long, consider reviewing common selling mistakes in Maryland so you don’t prolong the situation.
You May Still Be Liable for Injuries or Accidents
If someone is injured on your property, even a trespasser, you could be held legally responsible. Maryland premises liability laws require property owners to maintain reasonably safe conditions, regardless of whether the house is occupied.
An uneven walkway, unsecured railing, or ice on the front steps could lead to serious injury and potentially a costly lawsuit. Insurance coverage for vacant homes is often limited, which means any damages awarded might come directly out of your pocket.
Even unauthorized visitors who suffer injuries while on your property can bring claims against you. The longer your home sits vacant, the more exposure you face, not just financially, but legally.
If you’ve been delaying the sale while weighing your options, now may be the time to make a decision that protects your finances and peace of mind.
Code Violations Lead to Fines and Red Tape
Many Maryland counties aggressively enforce property maintenance codes. Overgrown yards, broken windows, or accumulating mail can result in warnings, citations, or liens. These records follow the property and must be resolved before you can sell.
If the house is in probate or was inherited recently, check out this in-depth breakdown on how to sell inherited homes quickly in Maryland. The faster you act, the more money and stress you can save.
