Friday, April 28, 2017
When are repairs too much? At what point should I sell?
Everyone is, at some point or another, faced with the challenge of having to put money into their house. Sometimes you just need to put a couple hundred or under a couple thousand dollars every year or so just with basic up keep of the home: cutting the grass, pressure washing the siding, spring cleaning activities and whatever else is needed for basic up keep. At what point should you say, "I'm spending too much, I need to sell my house fast!"
Every house at some point will need a new roof, a new HVAC system or unit, a new hot water heater or tank, new cabinets, new paint, new carpeting in bedrooms and other rooms, new hardwood flooring, new kitchen appliances, and any newer bells and whistles the home owner wants to make their home look top of the line. All of these add up really quickly, causing your bank account to drop dramatically.
Everything depends on how much money you have in your bank account and what kind of a job you have. If you have a job that you make $250,000 a year with no problem, then you have no reason to sell your home. But if you're like the rest of us Americans making between $40,000-70,000 a year, repairs on a home can add up all too quick. So when should you sell your home?
I personally think when repairs get upwards of $10,000 in a year is when you need to seriously consider selling. What happens if I don't have the money to fix up the house? How can I sell it?? Well I'm glad you asked! A company like Favor Home Solutions will always buy any house as-is, meaning that you don't have to fix anything before you sell it to them, saving your time and money. You literally can press the easy button and be done with pesky repairs!