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

Are Low Home Values Reason To Sell Your Los Angeles House?

If your home value tumbles and you find yourself underwater on your mortgage, it may be practical to sell your house. No, really.

Add in property tax and you get the perfect recipe for an imminent financial crisis. Little is known about this situation, but there are thousands of LA families who have dealt with this matter for a little while, and there are some who are on the verge of experiencing the same dilemma.

Dealing With Diminishing Home Values

bad neighborhoods can decrease your home valuesIf you are stuck in this type of a situation, before considering the idea of just selling your house, and before you turn to a trusted home buying company such as SellAnyHouse.com; you should understand what brings down the valuation of your house.

You’ll be surprised at how a simple improvement can affect the value of your Los Angeles house.

What The Eyes See Is Absolute

No matter what you know about the “great bones” in your house, or it’s glorified past, prospective buyers’ eyes are the toughest judge in assessing the value of your own home. Take a good look at the things which can be dragging down the value of your home:

A Shabby Outer Shell

Does the house have superb painting? Is the lawn mowed evenly? Is there a garden on the front yard with well-trimmed garden plants? Is there a missing brick on the roof? Will the doorbell ring if you use it?

These are very minimal things that can be fixed right away, those do not require costly repairs. But these minute flaws can bring down the value of your home in an instant. Remember that an appraiser often sets high standards when evaluating a house to come up with the best possible price for your property.

The Neighborhood

Safety is a critical factor for home buyers, especially those with young children. If there is a rising number in criminal activity or public disturbance surrounding your area, most likely this will bring down your property and home value.

The abundance of similar-looking houses in the neighborhood, or the lack of distinguished and high quality educational institutions, or the city dump located several meters away from the property (which could raise health concerns for most buyers), or the absence of amenities (such as shopping malls, shops, and restaurants) for a convenient lifestyle are possible reasons for a low house value.

Unappetizing Kitchen

Just like food is the gateway to a man’s heart, the kitchen is the trophy for most wives. A fancy-looking house with expensive carpet, fully furnished interiors, new wallpapers, and contemporary decors are impressive. A very good game plan when upgrading the valuation.

Surprisingly, little importance is given to kitchen beautification. Believe it or not, how your kitchen is presented can enhance the value of your house. A perfectly working stove, spotlessly clean counter and sink, organized cupboards, and spacious cabinets are a form of investment. There are more tips on this page.

Unfinished Renovation

Yes, this one will send the valuation dipping down. Considered as fixable flaws, but flaws nonetheless, unfinished restoration and renovation just won’t help improve the standing of your property. It’s wise to plan out these fixtures well, make sure that it fits your budget to avoid an unsightly, unfinished job.

There is no rush in selling your L.A. house with the help of a realtor or a real estate investor if the right care and attention is poured on your house. But if moving on is your deal, a trusted ‘we buy houses LA’ company is just a call away.

How To Deal With Decreasing Home Values

There are many ways to deal with a home that is diminishing in value. Depending on your situation, and that of the house, you could do several things. Waiting on the market to rebound, waiting on the neighborhood value to rise, waiting for money to come in for repairs or upgrades, lots of waiting.

Another immediate solution is to sell the house and call it quits on the decreasing home value issues you are dealing with. In this situation, you might say, ‘ How can I sell my house’? In its current condition no sane person would buy this place!”

 

Sell My House Fast | Low Home Value

Sell My House Fast | Low Home Value

We Buy Los Angeles Houses Fast!

If this is the case, and you are hesitant to list the property because of the need for repairs or other structural issues, we are more than experienced in buying this area. SellAnyHouse.com is an experienced real estate investor that unburdens homeowners when they find themselves stuck in a house with low value, in need of extensive repairs, and other price issues.

Contact us ASAP to feel the relief that our clients have experienced and to learn how fast we buy houses LA .

By | 2017-02-28T16:12:06+00:00 December 20th, 2016|Bad Neighborhood, Home Values|0 Comments