By: Lara Edge
Would you throw away $20,000? You are if you’re letting your home age faster than it should. Here’s a simple maintenance strategy to keep your home young.
You know how Dr. Oz says that if you keep your body fit and your mind nimble, you’re likely younger than your chronological years? The same principle applies to your house.
An out-of-shape house is older than its years and could lose 10% of its appraised value, says Mack Strickland, an appraiser and real estate agent in Chester, Va. That’s a $15,000-$20,000 adjustment for the average home.
But good maintenance can even add value. A study out of the University of Connecticut and Syracuse University finds that regular maintenance increases the value of a home by about 1% each year.
So if you’ve been deferring maintenance, or just need a good strategy to stay on top of it, here’s the…
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