Even With Extensive Repairs, We Buy Houses Los Angeles CA

Even With Extensive Repairs, We Buy Houses Los Angeles CA

Have you heard some financial expert advice that goes along the line: ‘Save a little portion of your earnings for home repairs’? Or at least a percentage of your earnings should be saved for unexpected housing repairs or other expenditures?

Financial experts often call this the “1 Percent Rule,” saving an amount that is equal to 1% of how much the house was bought for. For instance, if the property is worth $400,000, that’s $4,000 worth of maintenance and housing repair. But it isn’t necessary to save that much amount each year, or spend more than $4,000 on home improvements.

We Buy Houses Cash Los AngelesAs a we buy houses company in Los Angeles, we are no stranger to real estate advice.

This rule is basically a rough estimate, the cost actually varies depending on the property involved. And it does not apply to all situations. There are variables that can affect the amount of maintenance and repair costs of a house, especially in the years to come. The most obvious factors that will determine the amount are the cost of labor and materials in your area.

Several Important Factors Never To Overlook

So aside from the cost of labor and materials, there are other factors that will contribute to how largely the maintenance and repair could cost you. In some cases, homeowners get overwhelmed with the extensive repairs the house needs right away, and this could make them run down the sell my house fast LA route when the problem is just too much and too expensive.

It’s critical to know what these other factors are so you can prepare ahead of time and don’t get overwhelmed by unexpected repairs.

1. Age

Newly built homes that are around 5-10 years rarely show signs of immediate repairs needed, unless the contractor did a shoddy job with the construction. Those aging from 10-20 years old may show signs, thus small repairs are inevitable. By the time the property reaches 20-30 years, more obvious and expensive renovations will probably be required such as roof replacement, leaking water pipes, or maybe even foundation issues.

2. Condition

The amount of proper care and improvement done to a home will affect the lifelong condition of the property. In some cases a 40-year old house is in a much better condition compared to a 20-year old house that didn’t receive proper care. The older the home, the more it needs proper upkeep from its owners.

3. Weather

In colder places where houses are exposed to freezing temperatures, ice, snow or water; there will be more structural and foundation strain compared to homes in warmer areas. Climate changes like high heat, winds, heavy rains, and other extreme weather conditions contribute to the wear and tear of the property.

4. Location

Flood-prone areas and other environmental elements that could strain the building proposes extreme maintenance and extensive repairs.

5. House Type

Living in a single-detached house means you will have to replace your own roof and gutter, maintain the front and back yard. Whereas, in apartment buildings and condos much lesser maintenance is required since most of the structural concerns will be taken cared of by the home owners association. More about this topic here.

When It Becomes Too Much

There will be a lot of housing maintenance and repair all throughout your years living in your house. And just when you think you’ve done enough renovation and improvement, something else breaks. What do you do then?

Learn about SellAnyHouse LA to get answers. We buy houses in Los Angeles CA as a response to homeowners struggling financially and has seen a potential solution when they want to sell house fast in Los Angeles. With us, the transaction can be completed in as little as 5 days, which means any homeowner wanting to sell can have access to fast money.

We buy houses across Los Angeles regardless of its condition, location, or the amount of extensive repair needed. Trust that we only offer effective solutions to your housing and monetary needs.

By | 2017-03-16T18:25:07+00:00 March 18th, 2017|Home Repairs, Home Values|0 Comments

How To Sell My House With Foundation and Structural Issues

How To Sell My House With Foundation and Structural Issues

Did you happen to have a feeling that your house just shook but when you watched the news or searched the net, no earthquake was recorded? Did you notice a few cracks on your basement wall? How about a window that suddenly won’t open, seemingly stuck in its frame?

This could be a warning sign that there are existing structural issues within or under your house. A solid, strong, and well built foundation is crucial to a long lasting and safe home. Foundation repair is often the solution to fix most structural issues.

Before you conclude that your house badly needs professional repair, find out what are the clear signs you should watch out for.

The Warning Signs

we buy houses LABy being vigilant about the signs, and in case you spot any of them, you can pinpoint when exactly you should call a professional service.

Interior Mismatch and Weakness

  • Concrete walls are sturdy and doesn’t chip off or break off easily. If the outer layer becomes flaky, try poking it with a screwdriver. You shouldn’t be able to damage the wall unless it has deteriorated and the screwdriver manages to bore a hole right through.
  • Watch out for cracks too. Whether its a hairline crack across the upper wall in the living room or a noticeably large crack you could almost see what’s in between the cement pigments, this is an alarming sign that the foundation might be crumbling.
  • Vertical crack lines are less serious compared to horizontal cracks which could translate to a serious shifting of the foundation or water damage accumulated overtime.
  • When door frames split apart or a door won’t latch properly or doesn’t close at all, it is another sign of a structural issue.
  • Sinking floors are obvious signs. A simple test using a tennis ball can help you determine which area has sunk. If the ball rolls, you have an uneven floor.

Exterior Oddity

  • It the exterior walls have formed an obvious crack and seem to be separated from the house. Either slightly leaning outward or inward, this is a serious structural damage that needs immediate attention.
  • A chip or a big chunk of brick has fallen on the ground. The area from where the piece fell off looks weak and is about to crumble.
  • You can also see crack lines originating from the ground level going upwards.
  • A portion of the house looked shrunken, looking like it is being swallowed by the ground. This is called subsidence, an occurrence when the ground beneath the foundation is collapsing due to water leaks from drain pipes.
  • Trees causes damage too. They take away the moisture from the soil, and overtime the soil compresses and collapses.

Professional Opinion

When one or more of the signs can be seen in your house, call a structural engineer right away for a professional opinion. Engineers can measure how serious the damage is and the extent of structural repair needed to fix the problem. Refer to this page for more alarming signs.

Consultation alone could cost you several hundred dollars. A full set of drawings for an engineered solution ranges around a thousand dollar. Fixing structural issues and foundation damage can go over the amount you can spare.

Sell My House Due To Structural Issues

A Parting Solution

If the foundation repair expenses could threaten to suck the life out of your hard earned savings, would you consider selling your house? If too much work needs to be done, much like building a new house, isn’t it better to sell the property?

Sell Any House has seen how devastating serious structural issues can be for families who have grown attached to their homes. Often, moving out seems to be a financially sound decision. It saves homeowners money, time, and effort.

Our team of expert real estate investors have formulated practical solutions to help homeowners resolve their housing problems. In Los Angeles, we buy houses As-Is, no immediate renovation is required. Not just houses with structural issues, we buy houses from owners who are dealing with low home values or bad tenants.

We do not limit our services. We provide help in any way we can!

 

By | 2017-03-16T20:42:35+00:00 February 16th, 2017|Home Repairs|0 Comments