Published January 20, 2021
YOUR NEW HOME
Just like you would change the oil and do regular maintenance on your car, you will want to maintain your new home.
If you take care of your home, your home value will go up over time. Traditional appreciation of maintained properties tracking back to the late 1800s is at about 4.5% per year. However, heavy wear and tear, deferred maintenance, outdated cosmetics, and broken items will lower your realized appreciation.
Many things in your home are easily
maintained or updated. As a new
homeowner it will be well worth your
time to learn these simple skills. From
books to YouTube videos there are many
great resources to do this. You will be
happy you did these things when it comes
time to sell.
Remember, your inspection report is a great starting point for recommended maintenance and repairs.
Interested in more, essential home buyer information? Download The Smart Homer Buyer now.
