Bisson Real Estate
5 REASONS YOU SHOULDN’T DEFER MAINTENANCE ON YOUR HOME:
1. When it comes time to sell, depending on the buyers’ financing, deferred maintenance might actually disqualify them from purchasing your home.
2. Deferred maintenance actually lessens the pool of potential buyers for your property. Now, not only do buyers have to consider a down payment and closing costs, they also have to include some cash and/or credit to make repairs.
3. If your home with differed maintenance goes on the market at the same time as a house down the street in good condition, your home will help “sell” the neighbors' house.
4. An appraiser will take note. Appraisers won't care if your sink is full of dirty dishes. They will, however, look for signs of neglect. They will notice if paint is chipping, porch steps are rotting or flower beds in front of your home are choked with weeds and dead bushes. All these signs of deferred maintenance can cause your appraiser to lower the value of your home.
5. It’s easier to stay on top of things than to play catch up. Most agree that deferred maintenance can be overcome with some updating and repairs. However, you may find the physical and financial price of "putting things off” is high. *** A home is an investment and the best way to get a healthy return on your investment is to take care of it. It‘s easy to let things get ahead of you so map out a maintenance plan. Make a schedule of things that need to be done monthly, seasonly and yearly. With time, you’ll find yourself repairing, replacing and cleaning things out of habit.