There are a number of reasons as to why someone might be tempted to sell off their rental property in Killeen or Central Texas. Ultimately, it tends to come down to the desire to simplify one’s life. You may have income streams that serve to make the need to own and maintain a rental property irrelevant. You may simply be tired of dealing with the stress that is sometimes inherent in owning a rental property in Killeen or Harker Heights, even with a good management company based in Central Texas in your corner.

Regardless of your reasons, when it comes to selling your property, there are certain times that are more ideal than others.

The Best Times To Sell Your Rental Property

When it comes to owning and maintaining a rental property in Central Texas, the temptation is to hold on to the property for the rest of your life. After all, land is not limitless, but the need to have a place to live is limitless.

However, at the end of the day, you’re going to get to a point in which the benefits of selling take precedence over everything else. When you begin to think along those terms, you’ll want to consider the following scenarios for selling:

• When the depreciation benefit comes to an end: Depreciation refers to the non-cash expense that all rental property owners can take. Accelerating your depreciation is one option, but straight-line depreciation remains the most popular approach. The formula breaks down to determining the building value, which involves subtracting the purchase price from the land value. From there, you’re going to divide that figure by 27.5, which will then give you the annual allowable depreciation deduction.
• When it becomes possible to access your 401(K) or IRA: This can happen at age 59.5. Hopefully, by the time you reach this age, you will have a decent amount of capital stored up in either of these options. If you do, and you get to the point in which there are no fees for early withdrawal, it might be time to sell off the rental property.
• When you start picking up Social Security and Medicare: Although you can begin to collect these things as young as 62, most people tend to wait a little longer than that. Chances are, by the time you’re about 65, you’ll be ready to simplify your life to a significant degree. If you find yourself in a position of being able to collect from a reliable, strong revenue stream, then it might be time to sell off your property.

Contact Gloria Ashmore located in Killeen and servicing Copperas Cove, Harker Heights and Fort Hood by clicking here.

The benefits of renting in Killeen and Harker Heights are worth keeping in mind. You’re getting something with a minimal commitment demand, and something that requires the absolute minimum in terms of personal responsibilities. Renting is most certainly not without its charm.

However, there is going to come a time in which it is going to be in your best interests to begin to consider buying over renting. As you can imagine, this is not a commitment that should be taken lightly. You’re essentially climbing to a new plateau of personal responsibility. You are going to have to weigh a number of pros and cons, and are going to want to make sure your finances are up to snuff. This needs to be an investment that you are reasonably confident you can handle over both the short term and long term.

But we’re getting ahead of ourselves. There are a number of reasons as to why it might be time to give up the rental game, and look for something that you can truly call home.

When To Buy Instead Of Rent in Harker Heights and Killeen

If you can’t decide between renting and buying in Central Texas, strictly in terms of potential benefits, then consider the following:

• You’re eager to take advantage of energy efficiency: We need as many people as possible working towards as many different energy efficiency solutions as possible. To that end, we need more people to own properties, rather than merely renting them. As a homeowner, you will have a considerably greater degree of freedom, in terms of what you can actually do.
• You’re sick of the limitations: This takes the above item into consideration. If you’re a renter in Killeen, the amount of freedom you have, in terms of what you are allowed to do with the space, can vary from one property to the next. Without question, as a renter, you have less freedom than that of a homeowner.
• You’re sick of buying furniture: Unless you really, really love buying furniture, it stands to reason that you’re tired of dealing with the fact that on average, renters have to buy more furniture than homeowners in Killeen.
• You want to get serious about saving money: There is no question that being a homeowner is going to force you to get pretty serious about managing your finances responsibly.
• You’re ready to be done with landlords: Barring an obnoxious neighborhood HOA, owning a home means never having to deal with landlords for quite possibly the rest of your life.

Are you ready to own?

Contact Gloria Ashmore located in Killeen and servicing Copperas Cove, Harker Heights and Fort Hood by clicking here.

As an active member of the military on Fort Hood, you sometimes find yourself forced to deal with a great degree of instability. This can certainly be realized by being forced to pack up and move on a dime. If you’re on your own, this can be challenging enough. However, if you happen to have a spouse and family, the complications can abound.

To that end, you can definitely benefit from a military relocation professional in Killeen and Fort Hood.

Do I Need A Military Relocation Professional?

As a military professional, you are responsible for handling all of the particulars of your relocation. If you’re fairly new to this whole process, it’s easy to find yourself becoming overwhelmed very quickly. You’re going to want to take steps to ensure that everything is handled. Most of all, you want to be prepared for anything you didn’t expect.

A military relocation professional in Fort Hood or Killeen can prove to be extremely useful, in terms of everything mentioned above. This is someone who is going to help you with all of the particulars of your relocation to Fort Hood or central Texas. Often enough, military members find themselves being relocated to an unfamiliar area. You may find yourself to be completely unfamiliar with Texas, Killeen, or even just the neighborhood. Furthermore, as a military member, you probably won’t get a lot of time to learn about your new surroundings. You have to essentially hit the ground running, which can prove to be stressful for yourself, your spouse, your children and any other dependents who might be under your care.

Again, military relocation professionals in Killeen can help you with all of this. They can help you to learn more about the schools in the area. They can provide you with invaluable information as to whether or not you have access to on/off-base clinics/commissaries/exchange/etc in your area, and where they can be found. They can help you to understand whether or not your BHA will take care of your housing expenses. In addition to all of this, they can help you to navigate the tricky waters of how the TMO timeline and coordination will work. This can be particularly useful for situations in which you did not have the opportunity for prior TDY/TAD trips to purchase/rent your new home. You can also trust your certified military relocation professional to help you understand VA benefits, VA loan opportunities, and VA loan particulars.

With all of these essential talents, it’s easy to see why you need one of these professionals to help you.

Contact Gloria Ashmore located in Killeen and servicing Copperas Cove, Harker Heights and Fort Hood by clicking here.