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12.01.2023 | Homeowners

7 Tips to Maintain Your Home’s Value

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Your home is your most significant investment and, for many, a big part of their retirement plans. While you may not think about it often, preserving the value of your property makes a big difference when it comes time to sell. Let’s cover the 7 Tips to Maintain Your Home’s Value. Maintaining your home’s value allows you to protect your investment. Over time, every home shows signs of wear and tear – nothing stays pristine forever. Staying on top of regular maintenance will ensure your home and property remain in good shape for years to come.

The Importance of Maintaining Your Home’s Value

  • Helps you avoid emergency repairs – Proper maintenance enables you to prevent problems and catch any issues early on before they become significant.
  • You reap the benefits of a beautiful space – Even if your focus is on maintaining the value of your home, it also means you have a wonderful space to enjoy for years to come.
  • Maximize your investment – When it comes time to sell your home, knowing what buyers are looking for will help you stay competitive and ensure a quick and profitable sale.

7 Tips for Maintaining Your Home’s Value

1. Keep up with repairs and regular maintenance

Regular inspections for leaky faucets, peeling paint, and ripped screens mean you’ll fix the problem early before it spreads to a bigger issue. Seasonal checklists can help you stay on top of all those little tasks that will keep your home and property in tip-top shape. Be sure to regularly clean your house’s interior and exterior, including things you may not always think about, like chimneys, filters, and vents.

2. Upgrade and upkeep

Dated interiors decrease the value of your home. While every buyer has distinct tastes, things like outdated fixtures, old appliances, or worn flooring can turn off future buyers. Keeping your house up to date will help ensure it maintains its value when it comes time to sell. Look to the future and prioritize solid investments that will last over flashy upgrades. This is probably one of the most important tips to maintain your home’s value.

3. Energy efficiency matters

More buyers are prioritizing energy efficiency on their list of needs and wants. Incorporating smart home technology, energy-efficient appliances, and windows will help maintain the value of your home. Many buyers are eco-conscious and looking to reduce their carbon footprint. Updating insulation, appliances, windows and thermostats will help keep your home’s value and decrease utility bills.

4. Maintain major systems

Regular maintenance of major systems, such as your heating and cooling, will ensure they’re all in working order when it’s time to sell and will help you avoid surprise repairs or replacements. If you have any extras like sprinkler systems, security or cameras, they will only be a bonus to buyers if they are in good working order.

5. Pay attention to the exterior

Excellent curb appeal is essential when it comes time to sell a home. First impressions matter! Things like missing shingles, ripped screens, peeling paint, and messy gardens are the first things potential buyers will notice as they walk up to your home. Taking care of the outside of your house and property goes a long way to maintaining your home’s value.

6. Prioritize maintenance and upkeep over upgrades

When focusing on maintaining your home’s value, you want to prioritize upkeep over bringing in the newest gadgets or incorporating trends into your décor. Everyone has different tastes, needs and lifestyles, so while a trend may be popular now, it may not always be high on the list of essentials for future buyers.

7. Know when to splurge and when to save

When it comes time to sell, quick and easy updates will go a long way, and some are worth the splurge! To maintain your home’s value, you want to focus on the areas most important to future buyers. High on most people’s wish lists are kitchens, flooring and washrooms. If you are going to do any major renovations, these areas are generally worth the splurge as they give you the best chance of recouping your investment.  This is probably one of the most important tips to maintain your home’s value.

How to Stay on Top of Regular Maintenance

With busy lives and demanding schedules, finding time for home upgrades and upkeep can be challenging. The best and easiest way to maintain your home’s value is to make it a part of your routine. In addition to the 7 tips to maintain your home’s value, here are a few tips to help you stay on top of things:

  • Create seasonal checklists. Breaking the jobs throughout the year makes it easier and helps you keep track of those little tasks.
  • Bring in the experts. DIY projects can go wrong and hurt the value of your home, so if you’re not 100% confident, it’s best to leave it to the pros.
  • Keep a home maintenance binder. Keeping a record of regular maintenance, purchases, receipts, and warranties makes it easy for you to stay on top of things and will be handy to buyers when it comes time to sell.
  • Conduct regular inspections. Peek at your roof, look in your gutters and wander your property looking for signs of wear so you can get to it before it becomes a bigger issue.

Regular home maintenance and upkeep are essential to maintaining the value of your home. Staying on top of things, catching repairs when they are small, and bringing in professionals when needed will go a long way to protecting your investment. When it comes time to sell, you will be grateful you put in the work!

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