4 Hidden Expenses Of Owning The Wrong House In Orange County

Purchasing a house is a huge commitment. There are a lot of factors that go into the process of finding a new one. You’ve selected a house in Orange County with the must-haves and might have made some compromises, but how do you know you’ve made the right choice? When you pull into your driveway, do you have a tiny sinking feeling that you wish you didn’t buy this house? Did you have a high-pressure deadline when you made your decision? Did you explore different areas and keep an open mind, or did you only look in one location? Do you find that your house is really too small to be functional? Or do you think, why do I have so much space? What’s worse than buyers remorse are the hidden expenses of owning the wrong house in Orange County.

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. These are hidden expenses of owning the wrong house in Orange County.

Neighborhood Issues

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 Orange County.

Utility Availability

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 redrill 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 Orange County.

Structural Issues

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 Orange County.

How to Escape the Wrong house in Orange County?

Orange County and CA in general have 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.

Give H&M Realty Group a call at 949-625-4533 or send us a message to discuss these and other hidden expenses of owning the wrong house in Orange County!

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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