Summer is almost here, so it's a great time to catch up on a little maintenance on your home. Regular routine maintenance enhances the curb appeal of your home, keeps you safe in your home, and prevents costly major repairs later.
Without regular maintenance, overall property values can be affected. Property values easily can drop 10% when a house shows a lack of preventative maintenance. Houses in poor condition are at a big disadvantage in comparison with other similar homes when it is time to sell.
So, what can you do to keep your home in good working order? First of all, be proactive about setting money aside for annual maintenance. Plan for an average of 1 to 3% of the value of your home on an annual basis, so on a $200,000 home, set aside $2,000 to $6,000 to spend on maintaining your home.
Next create and follow a maintenance schedule. If you are not sure what to maintain, spend a little of your budget on a home inspector to perform an inspection on your home. That way you'll know what areas need your attention, and where potential problems lie.
Finally, keep records and keep receipts for all your maintenance and upgrades. Those records are a plus to potential buyers in the future who appreciate that you've maintained your home regularly.
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