Your home may be your most valuable asset. It’s wise to keep it well maintained and spiffed up – both for resale value someday and your own enjoyment.
It’s always a difficult time when our agents are called upon to do a market evaluation on a home and find it with significant deferred maintenance and very little updated decorating. These homes are harder to sell and sell for less than comparable homes that have been well maintained and decorated.
If possible, I believe it’s smart to spend about 1% of a home’s value each year in maintenance and redecorating. It could be tidying up landscaping that’s outgrown its intended use, could be replacing an old heating/air conditioning system, maybe its carpet that’s worn out or simply outdated. It’s amazing the great effect a fresh coat of paint can have inside and outside a home.
Sellers are generally not fully aware of how competitive it can be to sell a home. Great marketing will not overcome a shabby appearing home. Since most folks do take care of their homes, those that do not are at a decided disadvantage and will receive less for it at time of sale.
Over the years we have heard over and over from sellers that they wish they had polished up their home years ago rather than waiting to do it just before it goes on the market.
People often ask us where they can get the most bang for their buck in investing in their homes. The answer is it all depends on the home and the budget available. A Roger Fazendin REALTORS® agent would be a good place to find answers to these important questions.