The Value of Maintaining Your Home
Regular Maintenance is Key to Preserving the Value of Your Home Value
Picture courtesy of Thomson Local
Benjamin Franklin once said, "An once of prevention is worth a pound of cure." In other words, pro-active maintenance is essential to keeping the value of your home. By not actively keeping up on maintenance you could lose 10% or more value in your home. Regular home maintenance not only enhances curb appeal, it ensures safety and can prevent costly repairs.
Estimate the Value of Home Maintenance
Keeping up with the maintenance will not only prevent future problems, it also increases the value of your home approximately 1% per year. This data was found in a study conducted by the University of Syracuse and Connecticut.
How much will it cost?
How much will it cost?
This will vary each year. Some years it will be routine tasks, such as replacing /changing furnace filters and cleaning the gutters. Other years it will become more expensive as it could include major replacements such as the roof. A new roof could end up costing $10,000 or more.
Be proactive by playing the offense not the defense.
This will prevent small issues turning into big ones. Take initiative by having a home inspection on a regular basis. Follow up by creating a maintenance schedule. If you're not positive on what needs to be completed a professional home inspection can point out quick fixes along with potential problems.
Keep a log.
Keep a notebook on all your maintenance and upgrades, along with receipts. This will be a valuable tool when it comes to selling your home. It gets rid of any doubts you or the buyer may have. When you're asked how old the roof is, you can take a look back and see the exact date rather than an estimate.
Be proactive by playing the offense not the defense.
This will prevent small issues turning into big ones. Take initiative by having a home inspection on a regular basis. Follow up by creating a maintenance schedule. If you're not positive on what needs to be completed a professional home inspection can point out quick fixes along with potential problems.
Keep a log.
Keep a notebook on all your maintenance and upgrades, along with receipts. This will be a valuable tool when it comes to selling your home. It gets rid of any doubts you or the buyer may have. When you're asked how old the roof is, you can take a look back and see the exact date rather than an estimate.
