In July of 2014, Highlands was one of six towns to be awarded monies to cover the costs of razing Sandy-damaged buildings through the Unsafe Structure Demolition Program. To date there doesn’t seem to be may homes that have been razed.
There is an argument that you may lose rateables if you demolish properties, the structures can’t be worth that much, the land retains its value. Plus, you bring down the value of the surrounding homes that are close in proximity to abandon homes.
According to Moneytips one in 10 Americans want to move. Poor neighborhood is one of the top reasons for wanting to move. While living in next to abandoned properties might make you want to move, it also makes it harder to sell your house. The term now for abandoned homes is “Zombie homes.”