Your home as an investment

What are the places in your home where your hard earned dollars will pay off the most for you when it comes time to sell—1, 5, or ten years down the road?

  • Your front door – First impressions ARE lasting.  The first impression that someone has of your home affects how they feel about the rest of the house.  A fresh coat of paint on the front door and landscaping are small improvements that make a difference.
  • The kitchen and bathrooms — Fresh, clean, up-to-date kitchens and baths never go out of style.  If you’re on a small budget, consider paint and new hardware on older cabinets.  A new faucet or countertop can also go a long way to bring more appeal to the kitchen.
  • The energy used to heat your home – What can you do to improve the energy efficiency of your home?  Check for drafts now to see where caulking or spray foam can eliminate cold air coming into your home.  Also consider installing a programmable thermostat.  When it’s time to sell your home, you will need to disclose the age of your furnace, any service calls for the furnace in the past 2 years, and how much fuel was used to heat your home over the past year.  Energy efficiency does matter.  If your furnace is getting old, start saving for a new furnace. 
  • Your yard – A pleasant back yard with a deck or patio and plants is something that you can enjoy now and that will set your home apart from others on the market when it’s time to sell.

Maintaining your home is important and will pay off when you sell your home whether it’s next year or ten years from now.  Buyers want to see that the home has been cared for.  Bright, light, and clean will always sell.  Declutter.  Smart home owners who are thinking of selling down the road will often ask me if I can come to their home now to advise them on the changes they can make.  A Realtor can tell you what today’s buyer is looking for and help you make the best use of those hard earned dollars. 

 

Colleen Bedard is a Realtor with Townsend Real Estate and lives on Munjoy Hill.  She can be contacted at cbedard@townsendre.com  or 233-7273

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