What to Do With an Inherited House in Fountain
Keep it, rent it, or sell it. Understanding your options helps you decide.
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Your Options
Option 1: Keep
If Fountain works for your situation, consider ongoing costs. The area has grown significantly and property values have appreciated. Think about whether you want to live there or maintain it as a second property.
Option 2: Rent
With Fort Carson nearby, Fountain has consistent rental demand. However, military tenants may relocate frequently, and out-of-state landlording has challenges. You would need a property manager if you do not live locally.
Option 3: Sell
Selling provides immediate cash and eliminates ongoing responsibilities. This is often the best choice for out-of-state heirs or when multiple family members inherit.
Why Selling Is Often the Best Option
- -No ongoing maintenance costs or property tax obligations
- -Immediate cash distribution among heirs
- -No need to manage property from out of state
- -Avoid potential family disputes over property decisions
- -Clean break to move forward after a difficult time
Fountain Inherited Property Options FAQs
Fountain has strong rental demand due to Fort Carson. However, managing a rental from out of state can be challenging. Consider whether you want landlord responsibilities.
Monthly costs include property taxes, insurance, utilities, HOA fees (in many Fountain communities), and maintenance - typically $400-$700+ depending on the property.
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Related: Sell Inherited House | Probate House Sale