There are a lot of hidden expenses when it come to owning a home. It’s exciting to own a home but the buck stops with the person who pays the bills and that can cause a lot of stress if they are too expensive. As your local Alexandria home buyers who buy houses for cash in Alexandria, we know what you are going through.
From the cost of repairs, the mortgage on the house, and even the insurance, owning a home is expensive. Sometimes you won’t know if you’ve selected the right house in Alexandria with the must-haves. Did you make too many compromises? Did you have a hard deadline that forced you to make a decision? Were you able to keep an open mind or did you only look at one specific location? If any of these ring a bell it’s important to understand the expenses of owning a home in Alexandria. Read on to find the top hidden expenses with owning a home.
Doesn’t Fit The Budget
Eating ramen noodles almost every night in order to pay the mortgage was NOT what you had in mind when you pictured yourself as a homeowner. Is the house more of a fixer-upper than you realized? Did you end up putting more money into house repairs than you planned on? Maybe this house doesn’t allow for enough entertainment or savings as you hoped. Perhaps your homeowner’s insurance was more expensive than you planned. Maybe you didn’t read our blog post about saving money on home furnishings? These are hidden expenses of owning the wrong house in Alexandria.
Maybe the house does fit your budget, but what about the neighborhood? Do you find yourself shopping in more expensive stores you don’t like because your favorite chain grocery store is too far away now? Is your drive to work further away? These are also some hidden expenses of owning the wrong house in Alexandria.
Does your new house have well water? When you purchased it, you were happy to not pay high utility bills, but now you realize you are responsible for any well system repair. What if you have to re-drill and move the well system? Do you hate lugging around water softener, or having to pay a company to come out and do it for you? Is your municipality planning a utility expansion in your area, and now you have to add another $20,000 to your tax bill over the next few decades? These are hidden expenses of owning the wrong house in Alexandria.
Perhaps you are totally fine with the house purchase you can afford and love your neighborhood and have no pending utility issues… but you just noticed a crack along the floorboard by the front door. Maybe you dismiss it for the caulk shrinking… and then a few months later, its a little bit bigger… and bigger… is your foundation sinking? Maybe there are new cracks by the windows or new water stains on the ceiling… these are all small indicators that your house might have some structural issues. Also, these are hidden expenses of owning the wrong house in Alexandria.
How to Escape the Wrong house in Alexandria?
In general, Alexandria has plenty of cash buyers for houses in any shape. These buyers are a great option to get out of your wrong house ASAP, but prepare yourself to accept less than retail price. They will save you a lot of time and hassle by taking the house off your hands. You might be able to restructure your mortgage or transfer loan to another lender. If now isn’t the right time to ditch the wrong house, perhaps renting a room/the house out might be a good idea and sell when the market is best. Make sure to talk this through with your partner (if you’ve got one!) otherwise you could end up reading this post about selling your home during a divorce.
The House Guys Offers A Better Solution
If you think you need to sell your house in Alexandria fast, then you may need an investor. The House Guys are local homebuyers in Alexandria and we’re helping local homeowners solve their housing problems quick and hassle-free. Don’t call those signs on the highway! Work with a professional homebuyer in Alexandria Virginia and get the most for your house. If your house in qualifies, we can make you a quick and fair cash offer to sell your house in Virginia.