Regular House MaintenanceRegular house maintenance is something that all of us need to pay attention to if we want to protect our investment and make sure that our home goes up in value over the years along with our neighbors houses. One of our neighbors thinks that his house is worth $600,000 because he has a large home and he has a large lot which is on the surface very attractive. In fact there are homes in our neighborhood that are worth amounts in that range.

He has not maintained his house that well and so it needs a lot of work. Someone who would like to buy his home would look at it and then look at all of the money he would have to spend. for example it is a 2500 square foot home and all of the carpets and the linoleum ( who has linoleum in their kitchens now) would have to be replaced. Most people would put in hardwood and tile. The cost can vary  a great deal, but let’s assume the cost would be $20,000. The entire home would also have to be painted which would cost another $10,000 approximately. He has a three car wide, 2 car deep driveway that would need to be repaved, which could cost another $8000.

Regular House Maintenance

The windows should also be replaced and there are a lot of windows and these could cost up to $30,000. While they are at it they would probably want to update the bathrooms and update the kitchen which can cost  anywhere from $40,000 to as much as $70,000. the sky is the limit of course and it could be done on the cheap or nothing at all could be done. Excluding the cost of the kitchen and the bathrooms, the total comes to $70,000 and most people would want to something to the kitchen and bathrooms so let’s allow a total of $30,000 for that which takes it to $100,000 in maintenance expenses.

We have not even touched the outside in terms of things such as landscaping etc that needs to be done. The point is that a what should be a $600,000 home might only be worth $500,000 or less depending on what the comparable are and how much competition there is from other homes on the market.

The point we wanted to make with all of this is that consumers need to complete regular house maintenance in order to maintain the value of their homes. This man has lived in his home for over 25 years and could have completed some of this maintenance over time without it all adding up in the manner that it has.

Maintenance Activities

Here is a brief list of maintenance activities that will help to maintain the value of your home provided that repairs are completed when identified.

  • Check your eaves trough and make sure it’s clear of leaves during the spring and again in the fall
  • Check all of your windowsills to make sure they are not rotting and are well sealed, paint them every year or two
  • Repaint your window frames if necessary, especially if the paint is flaking off
  • Replace your air filter on your furnace at least once every 3 months and more often if your home is dusty
  • Make sure there is no debris around your air-conditioner, other wise it will overwork and burn out
  • Trim all of your trees and shrubs, to keep them looking great and also not block windows
  • Add fertilizer spring summer and fall to your lawn
  • Remove all leaves and debris from the lawn and gardens in late fall and early spring to protect your lawn
  • Check all exterior walls and the roof for any damage from the wind, rain or snow

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