What to Do When You Don’t Want to Do Maintenance Work
Some people can afford a down payment and a mortgage, but they still don't intend to buy a home because they aren't interested in the responsibility of home upkeep. It's a common reservation. In all actuality, there are ways around the hesitation and things to consider so you don't have to continue renting.
Co-op or Condo
First of all, you can always consider renting a co-operative apartment or condo, where the maintenance is handled by the building. Read
The Benefits of a Condo VS a House. Either one of these options would possibly free you from taking care of the maintenance in your
new home. Never assume, however, but go to measures to verify what will be covered and what you will still need to handle.
Homeowner's Associations
If an apartment isn't right for you and your family, look into homes where Homeowner's Associations (HOA) are present. There is a chance that you can find something that will require less individual maintenance than you might have expected. Our article entitled
Love or Hate HOAs? describes some of the ups and downs of this kind of situation. While HOAs can be cumbersome sometimes, they definitely can provide an option for people who hate maintenance work but want to move to
their own homes.
Hire Laborers
There is also the option of hiring people to work for you. There are always people look for work to mow lawns and do yard work, paint, lay carpet and flooring, and more. These people don't have to be professionals, but hard-work individuals who will take the load off your plate in your
new home.
Keep in mind that, as a renter, you are making someone else's investment for them instead of focusing on your own financial health. You might like to read
How Can I Get Tax Savings With Mortgage Interest Deduction to Help Me Pay My Bills?
