How to Maintain the Value of Your Minnesota Home
Scates Real Estate Team | Tuesday, February 10, 2015
We all know the purchase of a home is a serious investment. All homeowners should understand they need to do as much as possible to maintain or even try to increase the value of their home. Over time many events can detract from the value of the building structure, which is why I hope you will refer to these relevant suggestions. If you follow up on these maintenance steps or home improvements you’re protecting a return or reduce the risk of a loss on your investment
This is first on the list for a reason. You see… whether you are having your home appraised, thinking of selling, or just want it to look its best, you must keep it in your mind that the first thing people are able to see is the front yard and front entry of your house. Although the interior of your home plays a significant role in any purchase, the exterior should always make a great impression. Spend some time creating an attractive entrance to the home that is maintenance free. You do not have to professionally landscape your yard but spend time to beautify your yard as a whole and add nice outdoor features to standout from your possible home comparables.
Refresh Your Home by Painting Both the Interior and Exterior
By painting your home interior and exterior is one of the easiest ways to give your home a fresh, well-maintained appearance for your smallest investment. There are many factors (such as climate and whether or not you have small children or pets) that will influence how often you will need to repaint your home's interior walls, but as a general rule of thumb you should be done every five years. Plus, you should paint your ceilings every 10 years and it will brighten up a room quickly and make it look more attractive. A home's exterior generally needs to be repainted less often than the interior, perhaps every ten years or so.
Just update, you do not need to make an upgrade
There are many appliances in the home as well as things like toilets and heating systems that should be replaced at certain intervals. It’s necessary to update appliances around the 10 year marker. However, not every new purchase needs to be an upgrade. When you replace older items, don't feel pressured to purchase the most expensive model each and every time. Of course, whenever it is possible to choose an energy efficient appliance that will reduce your energy usage and be an attractant to future potential buyers when you do put the house on the market. It could be the difference!
Your home should be cleaned on a regular basis
Many homeowners save deep cleaning for the days leading up to a home inspection or even right before an open house. However, this can mean you are faced with a huge amount of work. Make things easier by cleaning your home on a regular. Not only will a clean home have a higher value, but it will age better over time increasing your overall return.
Protect Your Home from Insect Infestation
Bugs, ants, and termites are perhaps the worst enemy for a home’s wooden structure. Many homeowners wait until the damage is already done by insects, preferring to deal with the problem instead of taking steps to prevent an infestation before it happens.
Make your life better - and save time and money down the road - by working with a pest professional to have your home treated for insect prevention before there are any visible signs of such infestation on your home or property. This can help the home remain structurally sound and maintain its quality for years to come.
Keep your plumbing maintained and up-to-date
One of the most common issues with any home over a decade old is the deteriation of the plumbing. Even high-end appliances and high quality plumbing work can cause leaks and even floods after a certain number of years. To reduce the likelihood of plumbing issues and help maintain the value of your home, be sure to check all the faucets, toilets, showers and visible pipes for leaks. Have a plumber look over your home's plumbing to detect any issues that need to be corrected in order to avoid a potential disaster in the home.
A roof replacement may be a necessary expense to capture full value of your home
I do not wish this improvement on anyone thinking of selling their home but a roof replacement is one of the most common rebuttals to reduce the price on any home. It is a big investment, but one that is important to maintain the value of your home and prevent issues like leaks and appearance. Your roof's lifespan depends on the material used. Expect certain roofs, such as an asphalt shingle roof, to last as few as 15 years. Weather, Wind and Heat all play factors on a roof’s life. On the more durable end of the spectrum are metal and tile roofs, which can last well over 50 years if properly maintained. In order to properly maintain the roof, be sure to check often for loose shingles and clogged gutters which can result in pooling water and eventual damage.
It’s up to you, but following these suggestions could help you gain a significant return from the sale of your home when that time comes. At worst, maintaining your home properly will protect your investment overall.
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