When it comes to home depreciation, there are a lot of factors that you cannot control. For instance, if foreclosures start to crop up in the neighborhood or a highway is built in your back yard, you really do not have much of a say in those matters. Unfortunately though, these can have a huge impact on the value of your home! In fact, a study conducted in Philadelphia by the National Vacant Properties Campaign discovered that houses within 150 feet of a foreclosed property had an average loss of $7,627 in value.
Since a large portion of your home’s value is out of your control, making sure you do as much as possible to maintain value in the areas that you can control is incredibly important!
Buying the Right House
The best way to ensure that our house will remain a good investment over the years is to start with a house that is going to give you the best chance at maintaining its value. This means choosing a house with the best possible location and a good record of previous upkeep and maintenance. The reason these aspects are so important is because they are the foundation on which your home’s initial value is based. Starting with a home that is in an undesirable location will handicap your efforts to get a great return out of it later.
Routine Maintenance
Once you have purchased a home, routine maintenance becomes key! Make sure that you have all of the big items in your home (HVAC, major appliances, plumbing, electrical, and sprinklers) serviced regularly by professionals. This will ensure that they have a good long life, saving you money. Routine maintenance can also set potential homebuyers at ease when you put your home up for sale because many do not want to purchase a house that they know will need a big investment of money upfront for something like a new hvac system or AC repair. This can also play a big part in your home warranty, if you have one, because often home protection plans do not cover items that have been improperly maintained by current or former homeowners.
Proper Upkeep
If you encounter an issue in your home like water damage, be sure to have the problem fixed immediately to avoid issues down the road. While it may not seem like a big deal at the time, issues that are ignored or left unresolved can come back to cause huge issues later on. In the case of water leaks or flooding, a house can easily become overcome with mold if the situation is handled improperly. Deter moisture by having closed cell foam near east atlanta. If you see cracks or signs of foundation damage, you may need to hire a foundation contractor to inspect and/or repair your home’s foundation. They have the right tools and equipment for the job, like these Metal Shims for Foundation Leveling. Proper upkeep can stave off bigger problems later on!
If you have water damage, it’s important to call professional water damage experts. They will be able to help you clean up the mess and prevent any further damage.
Aesthetics
One absolutely crucial thing to consider when trying to avoid home depreciation is the aesthetics of your home. While you are living there it can be easy to brush off something that may not look the best if it is still functional. However, potential home buyers will see these types of things as unsightly and it may turn them off completely from your home. It may also lead them to believe that the home has not been cared for properly.
Things like peeling exterior paint, missing fence pickets, cracked or discolored concrete, chipped stone walkways or patios can send buyers packing. Many of these projects can be tackled with the help of a concrete professional who can give you advice on what will make your home look best, learn more on toscanconstruction.com. There are plenty of concrete options in Austin to consider, so beautify your home today to help it keep its value!
This article was contributed on behalf of Allied Outdoor Solutions, your number one choice when looking for information on how to use decorative concrete for your Houston patio. Check out their website today and see how they can help you!
