Are you truly happy with your house in Augusta? While homeownership has several upsides, as with everything in life, there is always a cost to benefits. Over time, circumstances can change, meaning that what may have once made your dream home is an asset no longer serves you. We will explore these five ways to know your house in Augusta is more trouble than it’s worth.
Taxes or Fees
Property taxes may rise dramatically, depending on market fluctuations, and could outpace any income increase over the same period. Another expense that may be unplanned is tax assessments or homeowners association (HOA) fees for special projects, which can be extremely expensive. If you find that it costs you a lot of money to own your property because of these fees or taxes, your house in Augusta is likely more financial trouble than it is worth.
Repairs
As homes age, the progression of repairs usually increases in both frequency and expense. Eventually, major systems and appliances wear out due to the effects of time and wear and tear. Depending on the age and condition of the major structural elements, you could be facing thousands in structural or foundation issues or even plumbing or roofing repairs. At the same time, the home decor usually needs, at minimum, a touch-up, if not a complete updating. You may even need to consider major remodeling. If you face many upgrades and repairs, your house in Augusta is probably much more trouble than it’s worth.
Maintenance
Maintaining a home can become extremely burdensome, especially if your circumstances change. 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 also face legal fees and penalties. Depending on the size of your property, hiring help could be quite costly as well, meaning your house in Augusta is more trouble than it’s worth.
Downsizing or Upsizing
If your home isn’t working for your current needs, your house in Augusta is more trouble than it’s worth. As time passes and families grow, they often find that the house that worked perfectly when purchased has become too small. Later in life, as homeowners begin to focus on retirement years, they often prefer to live in and maintain much less home. In either event, when your home doesn’t suit you, it’s time to move on.
Difficult to Rent
If you can afford to hold the property and turn it into an investment property as a rental, your home could become a dependable source of monthly income. However, if your home is not in what is considered to be a good location in Augusta, which would be desirable to tenants, it may be difficult if not impossible, to find good tenants. Should you find yourself in this situation, your house in Augusta is more trouble than it’s worth.
Would you like to avoid paying for these and other expensive costs homeowners face when their homes in Augusta no longer suit their lifestyle? You can prevent these and many more unexpected costs by selling directly to HAS Holdings LLC! Please call us today at 706-873-1213 to discuss these and other reasons why your house in Augusta may be more trouble than it may be worth. To learn more about ending your burdens of unwanted property, send us a message or call today! 706-873-1213