Joseph Talbot, Real Estate Broker - HOME IMPROVEMENTS THAT IMPROVE VALUES

such aging equipment and other factors like old carpet and flooring and adjust the home's value based on the current market. Home inspectors are less concerned with market value, but they will point out that a 25-year-old furnace can give out at any time, even if it is functioning well during the inspection. This can often lead a buyer to ask for a price reduction to cover replacement costs. Even if you intend to move soon, replacing or repairing your home's primary systems is worth the cost. These systems do provide a good ROI, at least in terms of saleability. Taking care of them will at least make your remaining time there more comfortable. The furnace and air conditioning units can be a selling point if they are new, energy-efficient models. An additional bonus here is that tax credits are often associated with such models, lessening your initial investment. Remember, even if some of these repairs do not add additional value in the eyes of a buyer, they do not subtract value either and could help your home sell faster than it would without them.

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