Maintaining your home in its peak condition is the best way to preserve your home’s value.
Staying on top of maintenance and repair items ensures
- Your systems function efficiently
- You can feel confident that your home’s systems are operable
- You are secure knowing that your structure is safe
Above that, regular maintenance helps retain and enhance the value of your home. Further, the costs of deferred maintenance and the damage that can stem from neglect can far outweigh the costs of timely repairs and maintenance. The bonus is that when you do decide to sell, your home is ready.
Follow these tips to protect your investment and to help price your home for maximum market value when it comes time to sell:
If Making Improvements, Make Them Marketable
By maintaining your home and keeping it up to date with current trends, you can ensure it will be in the best condition when you want to sell. If you’ve recently had your home appraised, it will indicate what areas need to be updated. If you haven’t had a recent appraisal, consider scheduling one to see how your home compares with those selling in your area. Alternatively, consult your real estate agent for similar information.
While it’s always good to remodel, there are certain areas of the home that impact its value more than others. Upgrades in kitchens and bathrooms tend to make a bigger difference in value than those in other areas of your home. To learn more about return on investment for home improvements, see the article from Investopedia.com, Will Your Home Remodel Pay Off?
Maintain the Exterior Appearance of Your Home
Your home exterior is the first impression others have of your home and its upkeep. Keep the exterior surfaces clean, clutter free, and in good condition.
Maintain a seasonal schedule to do the following:
- Pressure wash the entry, sidewalks, and driveway, and repair any cracks or damage.
- Maintain the roof and gutters to prevent water damage.
- Do seasonal clean-up of your landscaping in the Spring and Fall.
- Prune plants yearly, depending on the optimum time per plant type.
- Replace damaged or dead foliage with healthy plants and shrubs.
- Maintain your lawn by frequent mowing and addressing problem areas.
- If you have a water feature, check it seasonally for leaks and keep it clear of debris.
- Winterize automatic watering systems, water features, hoses, and spouts to prevent damage from freezing.
- Is it time to repaint? If so, get color advice for current trends and for HOA approval, if necessary.
Maintain Your Home Interior and Systems
While it might seem overwhelming, regular maintenance can be manageable when tasks are scheduled throughout the year. Below are some recommended tasks to be included in your maintenance schedule:
- Deep clean your home twice a year.
- Clean and reseal all tiles, grout, and granite surfaces as directed in your care manuals.
- Check caulking on showers and bathtubs, and replace caulking if necessary.
- Keep dryer vents clear to protect against fire.
- Declutter to prevent problem areas from occurring in your home.
- Change furnace and ventilation filters once a month.
- Schedule yearly service for your HVAC system.
To ensure there are no serious problems, you might want to pay a home inspection service to do an evaluation of your home. An inspector may be able to detect issues that you are unaware of, enabling you to correct the issues before they get worse and before you decide to place your home on the market. Fixing these issues now will ensure an easier closing process when you sell your home.
Schedule a Consultation with Pam
While waiting for the right time to sell your home, schedule a consultation with me. I will be able to tell you what buyers are looking for in the current market, current trends in remodeling, and what you can do to improve and retain the value of your home.
Ask me. What questions do you have about your real estate holdings? Feel free to email me at Pam@PropertyInvestmentAdvisory.com. Others likely share your concerns, and your question may be the fodder for a future post.