Are you truly happy with your house in New Jersey? 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 will explore these five ways to know your house in New Jersey 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 New Jersey 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 décor 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 New Jersey 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 New Jersey is more trouble than it’s worth.
Downsizing or Upsizing
If your home isn’t working for your current needs, your house in New Jersey 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 New Jersey, 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 New Jersey 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 New Jersey no longer suit their
lifestyle? You can avoid these and many more unexpected costs by selling directly to The Cardwell Thaxton Group! Please give us a call today at (908) 456-1593 to discuss these and other reasons why your house in New Jersey may just be more trouble
than it may be worth.
We research the details of your home and start crafting a great offer for you.
We present you with a fair cash offer with no obligation and no fees.
Get the cash you need now. You do NOT have to wait 6 – 12 months to get your house sold.