Maintain Your Home to Retain Value

                                           Maintain Your Home to Retain Value

     It takes a lot of effort to keep a home clean and in working order inside and out, but it pays

off according to Ray Ferris, president of the Ontario Real Estate Association. “By taking care of

your home you will preserve the value and quality of your investment,” says Ferris. “It also

makes a difference to a neighbourhood when everyone takes care of their property.”

     In a recent survey by OREA, 7 out of 10 home sellers in Ontario said that ‘cleanliness’ is very

important to retaining a home’s future resale value. In comparison, half said that a

new/renovated kitchen is very important, while 46% said the same for a renovated bathroom. “If

a potential buyer is willing to install a new kitchen or bathroom, but can’t envision the new room

on account of an ill­kept home, they may decide to look elsewhere,” says Ferris. “With regular

maintenance and upkeep, home owners stand to attract the right kind of attention from potential

buyers.”

Here are just a few simple tips for keeping you home in tip­top shape:

Curb Appeal: A home’s exterior sets the tone for what the inside might look like. COnvince

buyers your home is worth exploring by keeping the walls and windows clean, the lawn healthy

and mowed and the trees trimmed.

Repairs: Set aside some savings for those unexpected big repairs, such as roof, plumbing and

electrical problems. By keeping up with minor fixes ­ weatherproofing, cleaning gutters,

replacing broken roof tiles or shingles ­ you can prevent major problems later on.

Upgrades: If a new kitchen or bathroom is not in the cards, consider other upgrades like new

water fixtures or energy­saving appliances to boost the value of your home. “A Realtor

understands what gives a home its value, and can explain to a home buyer what they should be

looking for,” says Ferris. “When the time comes to sell, these same criteria will have a big

impact on the selling price.”

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Henry Tillo

Henry Tillo

REALTORĀ®
CENTURY 21 Heritage Group Ltd., Brokerage*
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