Is homeownership too expensive? Compared to renting, owning a home has far more benefits. You have more space to live and play. You gain equity over time, and you have your very own little piece of the world.
Also, you can redecorate or remodel however you want when you own a property. You can even paint your home purple if you please (unless your HOA forbids artsy colors.) And you don’t have to live too close to strangers because you have your own land and a fence to keep them out.
But wait, there’s a downside
As a homeowner, you must also embrace homeownership’s financial downside. In addition to monthly mortgage payments, you pay utilities, property taxes, and insurance. When you live in an older home, ongoing maintenance usually costs a ton (roofs don’t last forever.) If you’re too busy earning the cash to pay your home-related expenses, you probably hire a landscaper to keep your lawn neatly mowed and trimmed.
Most real estate “specialists” recommend setting aside a fund equal to one percent of your home’s value to pay for maintenance costs each year. However, the State Farm article, How much to budget for home maintenance, suggests a more realistic 1% to 4% figure. They also list the life expectancies of the most costly home systems and appliances to put these percentages in perspective.
Is Homeownership too expensive for you?
It’s okay to admit it if you find these costs overwhelming. Both homeowners and renters have been through two financially burdensome years. Everything is rising in price, and many people trim costs the best way they can.
For you, cutting costs might mean letting go of your big home and downsizing to a smaller house or perhaps a condo. It might also mean renting instead of owning. Then, you can walk away from mortgage payments, taxes, landscaping, large utility bills… all of those monthly homeownership costs.
We can help
If you’re a homeowner and you want to get away from a future of rising costs, selling your home is easier than you think. At Next Level Home Buyers, we help you walk away from the financial burden of homeownership.
We’re not traditional realtors. We don’t ask you to fix up your home, give it curb appeal, or transform the interior to give it the illusion of space. Also, we want to buy your home. Furthermore, we give you cash, making the process as Fast & Fair as possible.
Contact Next Level Home Buyers
If homeownership is too expensive, let us buy your home. To learn more, give us a call at 860-368-0343 or complete our contact form.
WE BUY HOUSES IN ANY SITUATION:
-
Trouble Selling
-
Behind on Payments
-
Owe Taxes
-
No Equity
-
Disability
-
Bad Tenants
-
Pre-foreclosure
-
Listing Expired
- Death of a loved one
- Liquidating assets
- Inherited property
- Job loss
- Bad mortgage
- Bankruptcy
- Medical Bills
- Extensive repairs
-
Retiring
-
Judgments
-
Structural issues
-
Relocation
-
Bad neighborhood
-
Downsizing
-
Divorce
-
Liens
-
Code Violations
-
Fire Damage
-
Condemned Property
-
Ugly House
-
Environmental Issues
-
Title Issues
-
Hoarders
-
And More
Need To Sell Your Home Fast? Expensive Holding Costs?
Learn More About Our Fair & Fast Cash Buyout
At Next Level Home Buyers, we buy homes regardless of the condition. If you can’t wait months to sell your home and you don’t want pay a huge real estate commission, complete the information form below or call us at 860-368-0343.