It's so easy - and seemingly cheaper - to decorate your home upon moving in and then do absolutely nothing forever afterward. As real estate professionals, we see this delusion daily and all know this type of complacency is indeed very.....expensive!
The difference between a home that is being consistently maintained, refreshed, and updated and one that is being neglected is readily apparent to those of us who visit homes on an almost daily basis. A drippy faucet, a non-working outlet, a loose gutter, a rotting trim board are all things that have the capacity to annoy, but worse, they also may be the early signs of larger, snowballing issues. Maintaining and repairing a home consistently is critically important to maintaining its value not only fiscally, but also from a quality-of-life perspective.
Equally important, is the need to adjust your home's aesthetics and functionality to evolving needs and times. This can be the tough one. And the costs to do so can be large. However, the impact a non-updated home has on a re-sale (or re-financing) valuation can be significantly more than the cost of actually doing the work.
Before embarking on a substantial project, why not give us a call? We’d be happy to discuss what upgrades/modifications/repairs you have in mind and can help steer you towards those that might deliver both value to quality of life AS WELL as re-sale value down the road. Even if you have zero intention of selling, it can be dangerous to put big money into your home without knowing if the neighborhood and market will support it.
If you are thinking of selling, let’s definitely talk. Did you know that through the Compass Concierge program many home improvement projects can be done with no out-of-pocket cost? The funds advanced are repaid out of closing costs, leaving you free to use cash-on-hand as a down payment for your next home.