Are you truly happy with your house in Duluth GA? While there are several upsides to homeownership, 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 are local Georgia home buyers and we buy houses in Duluth Georgia. We will explore these five ways to know your house in Duluth GA is more trouble than it’s worth.
5 Ways To Know Your House in Duluth GA 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 Duluth GA is likely more trouble financially than it is worth.
As homes age, the progression of repairs usually increases in both frequency and expense. Eventually between the effects of time and wear and tear, major systems and appliances wear out. 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 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 Duluth 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 Duluth is more trouble than it’s worth.
Downsizing or Upsizing
If your home isn’t working for your current needs, your house in Duluth is more trouble than it’s worth. 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 less home. In either event, when your home just doesn’t suit you, it’s time to move on.
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 Duluth GA, 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 Duluth is more trouble than it’s worth.
Sell My House in Duluth GA
We are local homebuyers in Georgia that offer cash for houses in Duluth. We also won’t charge any sort of fees as our services are at 100% no cost to you, and we will not only make it easier for you to sell your house fast in Duluth; you won’t even need an agent.
Would you like to avoid paying for these and other expensive costs homeowners face when their homes in Duluth no longer suit their lifestyle? You can avoid these and many more unexpected costs by selling directly to Resideum, LLC! Please give us a call today at (678) 710-6130 to discuss these and other reasons why your house in Duluth 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! (678) 710-6130
Greg Kurzner, is CEO of Resideum, Atlanta’s Professional Homebuyer company. Greg has been a force in Atlanta real estate for over 30 years. He has been involved in the sale of over 1 Billion in real estate transactions in his career and consistently ranks #1 in sales by units by Atlanta Realtor Association. In addition to Greg being a licensed real estate broker, he is also a licensed general contractor and a nationally-recognized expert in investment real estate.