5 Ways To Know Your House in Raleigh is More Trouble Than It’s Worth

Are you completely satisfied with your house in Raleigh? While there are several advantages to being a homeowner, there is always a cost to the benefits. Circumstances can change overtime, and what was once considered an asset in your dream home may no longer be so. We will look at five signs that your house in Raleigh is more trouble than it’s worth.

Taxes or Fees

Property taxes may rise dramatically, in response to market fluctuations, outpacing any increase in your income over the same time period. Another unplanned expense is tax assessments or homeowners association (HOA) fees for special projects, which can be extremely costly. If you discover that it costs you a lot of money just to own your property due to these fees or taxes, your house in Raleigh is probably more trouble than it is worth.

Repairs

Repairs usually become more frequent and more expensive as the house ages. Major systems and appliances eventually fail due to the effects of time and wear and tear. Depending on the age and condition of the major structural elements, structural or foundation issues, as well as plumbing or roofing repairs, could cost thousands of dollars. At the same time, the home’s decor usually requires at least a touch-up, if not a total revamp. You might even need to think about major remodeling. If you have a lot of upgrades and repairs to do, your house in Raleigh is probably much more trouble than it’s worth.

Maintenance

When you purchased your home, you probably thought that it would be the perfect place to raise a family and enjoy life. However, as time goes on, you may find that the upkeep of a home can become extremely burdensome, especially if your circumstances change-like if you lose your job or if you start caring for a family member who needs around-the-clock care.

While you may have had the time or the ability to handle all of the responsibilities of caring for your property when you purchased your home, it may have become impossible physically or financially. Allowing routine maintenance to be delayed for prolonged periods can mean thousands of dollars in damage to your home, or worse. Should an issue such as an overgrown tree cause damage from falling limbs, you could be facing legal fees and penalties as well. Depending on the size of your property, hiring help could be quite costly as well, meaning your house in Raleigh is more trouble than it’s worth.

Downsizing or Upsizing

When you’re raising a family, it’s hard to keep up with everything. The house gets bigger and bigger, your budget gets smaller and smaller, and the list of things that need to get done just keeps going up. As time passes and families grow, they often find the house that worked perfectly when it was purchased has become much too small. Later in life, as homeowners begin to focus on retirement years, they often prefer to live in and maintain much fewer homes. In either event, when your home just doesn’t suit you, it’s time to move on.

Difficult to Rent

If you’re looking to rent out your home, being in an undesirable location can be a deal-breaker for potential tenants. Even though you might have the ideal house for them, the fact that it’s not convenient for them is going to make them less likely to move in.

If you have a house or apartment in an area where there aren’t enough jobs, or where there aren’t enough jobs, or where there aren’t good schools nearby, then it might be difficult to find tenants who can meet your needs. In this case, it may be time to consider selling the property.

If you’re like most homeowners, you’ve probably spent a lot of time, money, and energy making your house into the perfect place to live. You’ve remodeled it to look exactly how you want it and have added amenities that make life more comfortable. But if all this effort has been for naught- or worse than that: if your home has actually become more trouble than it’s worth-it may be time for a change.

Please give us a call today at 984-689-9785 to discuss these and other reasons why your house in Raleigh may just be more trouble than it may be worth. To learn more about how to end your burdens of unwanted property, send us a message or give us a call today! 984-689-9785

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