for $275,000 will not increase the house’s value to $300,000. While it could be a helpful selling feature, it won’t return dollar- for-dollar value, particularly during an imminent foreclosure. MECHANICAL MAINTENANCE IS A MUST It’s easy to get wrapped up in the aesthetic aspects of preparing a home for sale. However, don’t overlook the upkeep of the unseen aspects of your home that keep it warm or cool, dry, and safe from fire. Take a close look at: ; ; electrical boxes and wiring ; ; natural gas lines ; ; plumbing ; ; central heating and air conditioning
If these systems are old, outdated, or not functioning correctly, then you’re lowering your home’s value. According to the National Association of REALTORS® (NAR), 65% of home buyers surveyed wanted assurance that their new home had a working central air system. Of the 31 mechanical features mentioned in the survey, this one was viewed as the most important.
People want to purchase a home that reflects their aesthetic tastes and lifestyles, but also one that’s safe. Faulty electrical systems can immediately sour a real estate transaction. Leaky plumbing arouses concerns of mold infestation and sewage problems. These areas can require extensive work, but they are extremely important. Overlook them in the preparation stage, and you then run the risk of trouble later with inspections and appraisals.
111
Powered by FlippingBook