Is your house in San Antonio still making you happy? As with everything there is a cost to benefit with homeownership, despite the upside of owning a home. Your life circumstances will change over time and it is possible that what was once your dream home is no longer serving you. We will explore these five ways to know your house in San Antonio is more trouble than it’s worth.
Taxes or Fees
Regardless, property taxes always seem to go up (funny, right?). Some years the taxes may rise dramatically. In some cases the increase in property taxes could outpace the increase in your income over the same time period. Other unforeseen expenses are homeowner association special projects or tax assessments, both of which can be costly. If you find that it is costing you a lot of money just to own your property because of these fees or taxes, your house in San Antonio is likely more trouble financially than it is worth.
Repairs on your home is inevitable. The size and frequency of such maintenance usually increases with the age of the home. Major systems and appliances eventually wear out due to normal wear and tear and time. Plumbing, roofing, HVAC and even paint projects can easily reach in the thousands of dollars. Structural or foundation issues can be even higher. At the same time, the decor of the home usually needs at minimum a touch up, if not a complete updating. You may even need to consider major remodeling. If you are facing a great deal of upgrades and repairs, your house in San Antonio is probably much more trouble than it’s worth.
The maintenance of a home can really pile up, even more so if your life situation has changed at all. At one time, your house may have been perfectly maintained when you had the time, energy and ability to care for your property. But possibly, your financial or physical situation has changed, resulting in your inability to now perform the needed maintenance. Deferred maintenance can become a huge problem down the road, costing you thousands of dollars in damage or in some cases liability. 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 San Antonio is more trouble than it’s worth.
Downsizing or Upsizing
Your house in San Antonio is more trouble than it’s worth if it just doesn’t seem to be meeting your current needs. As families grow, or when the kids move out, your one-time dream home may now be too small, too large or just no longer a good fit for whatever reason. 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 just doesn’t suit you, it’s time to move on.
Difficult to Rent
If you decide to move to another house and hold on to your existing house, you can potentially reap the benefits of owning an investment property and receive monthly income from rent. But, if your property is not in a good rental market in San Antonio, 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 San Antonio 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 San Antonio no longer suit their lifestyle? You can avoid these and many more unexpected costs by selling directly to Big Buck Home Buyers! Please give us a call today at (210) 920-5280 to discuss these and other reasons why your house in San Antonio may just be more trouble than it may be worth. To learn more about how to end your burdens of an unwanted property, send us a message or give us a call today! (210) 920-5280 ~