2420 Sunnyfield Ct

1. Unknown utility systems: The lack of information about utilities raises concerns. If the property relies on well water and a septic system, as is common in more rural parts of Hillsborough, this could lead to significant maintenance costs. A new septic system can cost $10,000-$25,000, while well issues can run into thousands. 2. Potential hidden issues: Without knowing the age of the home or its history, there could be significant hidden problems like outdated wiring, plumbing issues, or structural concerns. These could result in major unexpected expenses. 3. Possible flood risk: Some areas of Hillsborough are prone to flooding. If this property is in such an area, it could lead to much higher insurance premiums (potentially $1,000-$3,000 annually) and the risk of costly damage. 4. Market volatility: While Hillsborough is growing, small towns can be more susceptible to market fluctuations. A downturn could disproportionately affect property values, potentially leading to negative equity. 5. Limited appreciation potential: If the home is significantly older or in need of major updates, it may not appreciate as quickly as newer or more updated properties in the area. 6. Potential zoning or land use issues: Without more information, there could be unknown zoning restrictions or easements that limit the use or future development of the property. 7. High ownership costs: When factoring in potential property taxes (which could be $4,000-$6,000 annually in Orange County), insurance, and maintenance for an older home, the total monthly ownership costs could exceed $2,500, which is nearly 34% of the median monthly income in the area. 8. Infrastructure concerns: If the property is in a rapidly growing area of Hillsborough, there may be strain on local infrastructure, potentially leading to issues with roads, schools, or other public services in the future.