Taking care of a home requires both putting forth effort and money to maintain it. The work and spending are worth it, considering the benefits of properly maintaining a home. It is important to not neglect your property, since it can be an asset to your net worth. Other compelling reasons exist for keeping a home in good shape. Here are four of them.
Keep the Property from Needing Extensive Repairs
Neglecting a property doesn’t only create problems with how it looks. The damage creates safety and other issues you won’t be able to overlook. Not upgrading the plumbing, for example, creates the potential for leaks. Worse, you could end up with a pipe that bursts and you discover that your shut-off valves don’t work. Extensive water damage then follows. Repairing a neglected home requires spending money. The money spent on repairs could be far more costly than preventive maintenance. Replacing a pipe before leak-related damage occurs is inherently less expensive than after water damage incidents. And there are even worse problems that can arise. Imagine the costs associated with a collapsed roof. The bottom line here is that you shouldn’t neglect to perform any repairs.
The Home Might Sell Faster
If the property requires extensive repairs, the price drops. That’s a given. Poorly maintained homes may also stay on the market for longer than you want. Sure, a “Pay cash for your home” offer is an option, but the money those buyers pay is often rock bottom. To get a marginally reasonable price from a non-investor could take a lot of time. You’d have to find someone willing to pay for a property that comes with tons of burdens. Yes, a troubled home could sell quickly, but the odds are much better when the property is in good shape.
Properties that fall into a state of neglect do present hazards and risks. A cracked cement pathway or a broken step on wood stairs all put forth the potential for harm. If you have been negligent in keeping up your property and someone is hurt because of that, you open yourself to a personal injury lawsuit. People are required to use common sense when owning a home. That means you can’t ignore apparent defects that put people in harm’s way. Yes, homeowner’s insurance provides liability coverage. Relying solely on an insurance policy to save you from financial ruin isn’t the best strategy. Risk mitigation, the reduction or elimination of risks, often proves to be the better strategy. If no one gets hurt, then there can’t be a personal injury lawsuit or an insurance claim.
Present Decent Curbside Appeal
Do you truly wish to live in a house that is falling apart? The condition of your residence will factor into the feeling you have about living there. A neglected home becomes a downbeat place to live. Improving the looks and appearances of the home makes it a more welcoming place to live. Don’t underestimate the psychological advantage of living in a well-maintained home. The condition might very well contribute to your mood. Maintaining the home also enhances the curbside appeal. A beautiful home blends well into the neighborhood. That should have a positive effect on the home’s inhabitants.
Letting things go unattended for months and years makes it harder and costlier to fix up. Stay on top of things and eliminate many problems. Make your home a place where you or anyone else would want to live.
If you liked this article, check out “3 Major Exterior Improvements That Will Make Your Home the Highlight of the Neighborhood”.