Are you truly happy with your house in Kansas City? Homeownership is part of the American dream and there are certainly many benefits that come with being a homeowner. But as with everything in life there is a trade-off. You have to take the good with the bad. Sometimes life circumstances change and the benefits no longer outweigh the negatives. So how do you know when it’s time to move on? We will explore these five ways to know your house in Kansas City is more trouble than it’s worth.
Taxes or Fees
Property taxes may rise dramatically, depending on market fluctuations and could outpace any increase in your income over the same time 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 is costing you a lot of money just to own your property because of these fees or taxes, your house in Kansas City is likely more trouble financially than it is worth.
As home’s age, the cost and frequency repairs tends to go up. Building materials age systems start to wear out such as a furnace, water heater or air conditioner or perhaps something more serious such as a plumbing repair, electrical upgrade or roof replacement is in order. At the bear minimum styles of decor change over time and homes often need remodeling to keep them current in today’s competitive market. If you are facing a great deal of upgrades and repairs, your house in Kansas City is probably much more trouble than it’s worth.
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 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 Kansas City is more trouble than it’s worth.
Downsizing or Upsizing
If your home isn’t working for your current needs, your house in Kansas City is more trouble than it’s worth. We work with many homeowners who are simply in need of an upsize or downsize to their home. Downsizing does seem to be more common. As we’ve talked about before life circumstances change and you may find yourself not wanting to pay for such a large property that you’re barely getting any use out of. If you’re finding that you are crammed into a tiny space for your family or that you’re barely even using any of the property which you’re paying for, it may be time to consider moving to a more appropriately sized house for you and your family.
Difficult to Rent
If you can afford to hold the property, turning 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 Kansas City, 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 Kansas City 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 Kansas City no longer suit their lifestyle? You can avoid these and many more unexpected costs by selling directly to Green Sparrow Properties! Please give us a call today at 816-800-9238 to discuss these and other reasons why your house in Kansas City 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! 816-800-9238