If you’ve recently inherited a house in Fort Wayne, we want to start by saying we’re sorry for your loss. We know how overwhelming it can be to handle a property during such an emotional time. Deciding whether to keep, rent, or sell the home can be a tough call—but you don’t have to figure it out alone.
Many homeowners ask, “I inherited a house—what should I do with it?” The right answer depends on your goals, finances, and the condition of the property. At Indiana Home Solutions LLC, we work with families in Fort Wayne every month who are in this exact situation. Here’s what you need to know.
Should You Rent or Sell an Inherited House?
First, check the mortgage. If the property still has a loan attached, you’ll need to decide whether to keep up with payments or refinance into a new loan—assuming the lender allows it. If refinancing isn’t possible, renting the house may not be feasible either.
Managing a rental property takes time and skill. If you’re not ready to handle tenants, maintenance issues, and property upkeep, you might want to consider selling. Even though renting can create monthly income, it’s not always the best fit for every new property owner.
Inherited homes often need repairs or upgrades, especially if they haven’t been maintained regularly. Before you commit to keeping the house, consider hiring a professional inspector. They’ll help you understand the current condition and the future expenses tied to ownership.
Selling the home for top dollar usually requires work. You’ll need to clean, stage, and possibly remodel—unless you decide to sell as-is. At Indiana Home Solutions LLC, we buy inherited houses in Fort Wayne in any condition. You won’t need to fix anything, pay closing costs, or list it with an agent. We make it easy.
Wondering whether to hold on to the property for future value? Real estate can be a smart investment, but only if it outperforms other opportunities. We can help you compare your property’s current value with rental income potential and long-term appreciation.
Don’t forget about taxes. Inheriting property can have legal and financial implications. Talk to your attorney or tax advisor to understand what you might owe, and how to handle the inheritance properly before making any big moves.
Depending on your situation, we may also be able to help with creative options like rent-to-own or lease-option arrangements—giving you flexibility to generate income while preparing for a sale down the road.
Finally, it’s important to compare your options. We can help you estimate what your house is worth today, what you could sell it for after repairs, and what kind of cash flow you’d get by turning it into a rental. From there, you can decide what works best for you.
If you’ve inherited a house in Fort Wayne and aren’t sure what to do next, contact Indiana Home Solutions LLC today. We buy homes for cash, as-is, and can help you explore your options without pressure. Whether you choose to sell, rent, or hold, we’ll help you make a confident and informed decision.