Have you ever heard of the
"Law of Diminishing Returns"???
When you own unrestricted property in the Greater Houston area,
sooner or later you must ask yourself if it is time to sell.
THINGS CHANGE
Your life changes and your needs change with it.
Your community changes and it no longer feels like home.
When you see that it may be time to cash in the value of your unrestricted property, it may not be an easy decision. After all, you may have inherited this property from family. You may have raised your children on this land and it holds many memories for you.
A move is never easy...but when it involves something as personal as your private estate in an unrestricted area of Houston...it may be even tougher. The number of good reasons to sell are as endless as the number of people who are blessed with living in a place defined by them and their family - the UNRESTRICTED tracts.
Below you will see 3 of the
most common reasons to sell:
most common reasons to sell:
The area is too Busy - Crowded - different than when you bought your property. With the growth in and around Houston, things are changing rapidly. However, one thing you can count on is the increase of traffic. Many people who enjoyed the peace and quiet of a country lifestyle near their work are now spending twice the time making the commute and it begs the question about whether it is worth it anymore. People are moving from the City of Houston into the outlying areas in large numbers. In fact, these Ruralpolitans are creating many cottage industries providing fresh herbs, cheese, home-baked goods, etc at Farmer's Markets all over the area.
The Land is Worth More than the improvements. If you have a piece of property that is worth more than the house and other improvements, you may be "throwing away" every dollar you invest in the tract. It seems unfair that the fact you now own an extremely valuable piece of real estate may be the reason why you really MUST consider selling. If you put a new roof on an old house located on a property located on a road with high traffic - it could be that every cent you spent would be better invested in a vacation or charity because it will never be recouped in the real estate market.
You have the desire to re-create the Laid-Back Lifestyle you used to enjoy. People who own unrestricted property are a unique lot. More often than not, they would abhor the experience of living in a nice, deed-restricted community. The idea of having neighbors that are very, very close is offensive enough. But when you add the fact that they use architectural control committees to dominate your decisions about what you do with your property - these hearty, independant souls will run the other way quickly. These people want to do what they want on the property they have paid for - even if they have to drive some distance to have that lifestyle.
If you are considering your choices about the unrestricted property you own, remember that our team specializes in this specific type of real estate. We can help you determine the HIGHEST and Best use for the property AND whether remaining owner is the HIGHEST and Best use of your assets. You may have many more attractive options and we can help you explore them. There is no obligation - just a conversation.
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