How does my home's condition affect its value?
A well-maintained home with updated systems, a sound roof, and modern finishes commands a premium over a similar home in need of repairs. Buyers often discount their offers by the estimated cost of needed repairs plus a factor for inconvenience. Deferred maintenance, outdated systems, and visible wear and tear can reduce your home's value by 10 to 20 percent or more.
Why It Matters
Your home's condition is one of the few value factors you can directly control. Proactive maintenance protects and enhances your investment.
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