You’ve probably seen properties with foreclosed signage. But how can houses become condemned, and what should a buyer or seller be aware of?
In your community, there is almost always a condemned house. Some are in such bad shape that demolition is the only option, while others only require some TLC (and significant investment) to add value to their owners.
Here’s what happens when a house is condemned and what that means if you’re thinking about purchasing, selling, or just possessing it.
When a House Is Condemned, What Does It Mean?
When a government agency determines that a property is dangerous or unfit to live in, it is deemed condemned. Once a home has been condemned, it cannot be occupied again until it has been restored and inspected, assuming it is feasible.
In many circumstances, condemning a property does not imply that it will always be a lost cause. It depends on why the government condemned a property first and whether it may be uncondemned.
What Are the Justifications for House Condemnation?
Most condemned homes are only condemned after the owners or inhabitants have abandoned the property and have stopped maintaining it.
Based on the US Department of Housing and Urban Development (HUD), our country now has over 10 million abandoned homes. Many of these will be condemned if no one steps up to continue their care.
A home that has been condemned is no longer legally livable. The inhabitants of the residence will be forced to leave if the problems are not resolved within the time frame given on the condemned house notice.
When eminent domain rights are used, a home might be termed condemned. This means that a perfectly safe home might be forcefully seized, changed, or even destroyed based on its location.