How does my home's condition affect its value?
By Bob Millaway, South Jersey Community Expert & REALTOR®
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 Deferred maintenance, outdated systems, and visible wear and tear can reduce your home's value by 10 to 20 percent or more.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.
Related Questions
Explore South Jersey with Bob
Living here is about more than the house. Bob's community guides help you find the right town, compare neighborhoods, and keep up with what's happening across Burlington County and South Jersey.
Still Need Help?
Bob answers every question personally. Send your question directly to him.
Ask Bob Directly