Understanding the Hidden Costs of Owning a Vacant Home”

Roy Thomas
Roy Thomas
Published on November 17, 2025

Free Report: 8 Easy Tips for Downsizing Your Home. Step by step, our Downsizer’s Guide will tell you everything you need to know. http://www.8DownsizingTips.com
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Video Description:
Understanding the true cost of carrying a vacant property is crucial if you’re planning to sell a home that’s already empty. Whether it’s an estate sale or you’ve simply moved to your new condo, townhouse, or retirement community before listing, it’s important to consider all the expenses involved. In this video, I break down the real costs of maintaining a vacant property in Halifax, Nova Scotia, including:

Property Taxes: Monthly property tax obligations continue even if the home is vacant.

Insurance Considerations: Make sure your insurance company knows the property is vacant to avoid potential coverage issues.

Utilities and Maintenance: Ongoing costs like heat, electricity, water, lawn care, snow removal, and routine repairs.

Mortgage Payments: Ongoing financial obligations if you still have a mortgage.

Opportunity Cost: The hidden cost of missing potential investment returns if the property were sold and the proceeds invested.

If you’re thinking about selling a vacant home or just want to make a smart financial decision, this video is for you. For personalized advice on selling your Halifax property, call me, Roy Thomas, at 902-497-3031 or visit my website HalifaxSeniorLiving.ca.

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Roy Thomas, SRES® Seniors Real Estate Specialist
Sutton Group Professional Realty Halifax NS Canada

Web site: http://www.RoyThomas.ca
Blog: http://www.HalifaxSeniorLiving.ca
Facebook: http://www.Facebook.com/HalifaxSeniorLiving
Cell: 902-497-3031

I specialize in helping seniors downsize their house and right-size their life. What’s Your Home Worth? Free Online Evaluation. Visit http://www.HalifaxHomeEvaluation.com

Find out What Homes in Your Neighborhood are Selling For http://www.HalifaxHomeBeat.com

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