Homeownership can be tough, and sometimes the responsibility is too much to bear. There's no shame in it, as many people can quickly become overwhelmed by unexpected repairs and expenses that come along with owning arundown house home. The time and effort it takes to put into a home may not seem worth it, particularly if you are an investor trying to maintain a rental property, or a property owner who inherited a house from a relative or friend.
If your home is showing any of these physical signs of disrepair, it may be time to consider selling your property:
- Tarp on the Roof — Roof repairs are no fun, and they can cost a lot of money. While it may be tempting to avoid an expensive repair, this can lead to further issues such as water and mold damage.
- Overgrown Landscaping — Excess weeds and overgrown bushes, and shrubs can be a signal that the responsibilities of home ownership are becoming too much. Additionally, trees that aren't maintained can lead to plumbing and liability issues.
- Poorly Maintained Pools or Decks — Crumbling decks with rotting wood or pools that are filled with green water are both a health and safety hazard that increase your liabilities as a homeowner.
- Broken or Boarded Windows — Vandals and squatters may see this as a sign that no one is home, and they may move right in. Instead of inheriting an unwanted tenant, consider earning cash for your property.
- Chipped Paint - Exposed wood can only withstand the elements for so long before becoming victim to dry rot, mold, and/or termites.
All of these issues can dramatically affect the integrity of a home and the property value. These signs and symptoms can often mean the onset of even more difficult and expensive repairs. If you feel burdened by homeownership, or you simply want to enjoy more freedom, it may be time to consider selling.
Read the original post on our Los Angeles Real Estate Investing website
Photo Credit: Dead House by Lance McCord
Subscribe to CommentsComment