Have you noticed that your parent’s home is looking a bit run down lately? Routine chores around the home that many of us take for granted may be putting an undue strain on older folks physically and financially.
We all want our parents to live comfortably and securely in their golden years. But the option for seniors to stay in their home isn’t always the best choice. Knowing when to begin suggesting an alternative living situation may mean an improved quality of life for the folks. But how do you know when it is time? Sometimes taking an objective look at the condition of the property will provide you with the telltale clues. Here are a few signs to look for when considering whether to encourage your parents to sell their home.
Exterior Maintenance
Take a walk around the property to determine what kind of shape it is in. Make a list and jot down some notes. Does the roof look sound? What about the gutters; are they in need of repair? Could the windows use calking? Does the house need a paint job?
Now take note of the landscaping. Are the plants and grass healthy with a well-kept appearance? Are any cracks in walkways or patios in need of repair?
What does the air conditioning unit look like? How many years has the HVAC system been in service?
Interior Maintenance and Upgrades
Take a look at the home’s plumbing, heating, and electrical systems to look for signs of wear. When was the last time the hot water heater was replaced? Any discolored water in the pipes or pipe rattling when you run water?
How about the appliances? The refrigerator, stove, and dishwasher look like they will last for several more years, or should they be replaced?
Check the flooring, countertops, and fixtures. Could they use updating? How do you think potential buyers would react to the decor if you wanted to sell the house in today’s market?
Price the Costs of Repair and Upgrades
Review your list and assign costs to repair and upgrade the property. You can come up with a rough estimate without an extensive inspection by talking to a general contractor and getting some ballpark price ranges.
Assess the Situation
If the house is in need of major work, try to determine the underlying issues. The situation may be the result of physical or financial limitations or just neglect that sometimes comes with old age. Whatever the case, your parents are occupying a home that may not be comfortable or worse, may not be safe to live in.
If the home is in good shape, the question to ask is, “How much longer can they physically and financially keep things up?” Would life be easier with less house to clean and maintain?
Many of us will reach a point in our lives when it is time for a house sale. Comfort, safety, and quality of life may encourage a move to downsize or seek other less trying living conditions.
Selling a house, even one in disrepair doesn’t have to involve a lot of time and investment. You can sell the home fast in an “as is” condition for cash. Construction crews and home showings won’t disrupt your parents’ lives. You can cash out their equity quickly and easily and improve their living situation for comfort and safety in their golden years.
Is it time to sell your parent’s home?
Do you have a piece of property (house, lot, or land) you’d like to sell fast? Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property.
