Commonly Overlooked Items That Could Affect the Resale Value of Your Home

No homeowner wants to live in a money pit, but there are certain issues that could arise with your home that could impact the resale value of it, which in turn affects your equity. Instead of allowing your home to lose value, it’s important you are fully aware of the commonly overlooked items that could negatively affect your home and then opt for the right home improvement efforts to fix these issues. If you want to keep your home’s value above water, then here are the things you need to pay attention to the most.

Roofing

Your home’s roof serves a very important purpose, and if it’s not in good condition, you could find yourself with a lot of water damage that needs to be addressed. In most cases, a home’s roof should last for 20-30 years, but it all depends on the type of roof as well as the area you live and weather conditions it’s exposed to. As a rule of thumb, inspect your home’s roof at least once every year and make note of any areas that need to be fixed. If you notice missing shingles or areas where it seems to be softer, have these areas fixed right away.

Leaks

Nobody wants to have leaks in their home, but these are often overlooked, especially if they’re occurring in basements, crawl spaces, or in areas not often checked. Leaks that go untreated will not only create damage to what the water is hitting (such as floors or walls), but it will also create mold that is bad for your health. If you notice any water spots or smell any type of must in your home, it’s best to have a professional come take a look. According to Australian plumbing company, Fix It Right Plumbing, “Some water leaks can go unnoticed for years, and by the time they’re found, the damage has been significantly done. Regular home inspections of water lines and paying attention to water bills will make you take notice of any underlying issues before they come too big.”

Electrical

If you have an older home, chances are you have older electrical. This not only means you’re likely using too much power, but it could also mean your home is no longer up to code. If you plan on selling your home sometime soon, you’ll want to have the electrical system inspected. This way, if you know the electrical needs to be updated, you can ensure it gets done before you put the house on the market. Should you not fix the electrical system, there’s a good chance of a few things happening:

  • Nobody will buy your home
  • Your home won’t pass inspection

Instead of putting yourself in this situation, have a licensed electrician check out the job and get your home into the right working order.

Bad Windows/Doors

Your home’s windows and doors help to keep energy inside the home, and if you have windows or doors with leaks, then you’ll notice you’re losing too much energy. Plus, bad windows/doors can also let water into your home, and water damage is certainly not something you want to deal with when it comes to your home and its value. Swap out bad windows/doors with those that provide better protection from outside elements while also keeping necessary inside comforts intact.

Curb Appeal

When it comes to equity, most homeowners think the only value can be found inside the home, but that’s not true. In fact, a lot of your home’s equity occurs based on what the exterior of the home looks like. The cleaner and tidy your home is from the outside, the more value it will add to your home. Be sure to fix any broken shutters, windows, or railings, and then plant some flowers and material to give your home a nicer curb appeal. Plus, if you home is actually on the market, keep in mind a first impression speaks the loudest, so a nice exterior will encourage more people to come check it out.

Updates

Having updated rooms in your home will also increase value, especially in kitchens and bathrooms. When you’re ready to put a home on the market or just see what equity you have, be sure to take any upcoming updates into account for numbers.

Your home is an investment and doing what you can to protect it will help your home stay strong and lasting long forever.

 

 

Speak Your Mind

*