In some cases, there is the possibility of increasing the value of the asset in the future. For example, if the purchaser of a vacant house rents it out as a vacation home to tourists after purchasing it, or rents it out as a DIY rental property (interior and exterior renovations at the expense of the tenant), the town where the vacant house exists may gradually become more vibrant.
As towns with vacant houses become more attractive tourist destinations for private lodging guests from Japan and abroad, the asset value of the vacant houses may increase in the future.
Real estate investors considering the purchase of vacant houses should carefully research various conditions and factors related to vacant houses, such as price trends, construction status of new houses, access to highways, commercial facilities, restaurants, etc., and projected income from short-term rentals or overnight stays. After doing so, a real estate investor who buys vacant houses can, in some cases, be a very smart investment.