Buying a house is the biggest investment you probably have made. From basic repairs to a few upgrades, you want to protect your home and maintain its home value even if you’re not planning on selling or renting the property out. Finding the right property is not the end. True commitment starts after and though it might seem an endless amount of work and maintenance, regular maintenance is important or you’ll lose out on money down the line.
Maintaining home value of your investment property requires constant focus and attention. But you don’t have to be a property pro to keep you home habitable and safe and preserve the value and quality of your investment. With that in mind, here are a few tips on how you can maintain the value of your home investment.
3 Practical Tips to Maintain Home Value
Routine care of your home
Be proactive with taking routine care of your home. Like any investment, your property needs regular care. While some areas in your house only require seasonal care, you need to regularly check if everything works from the leaking faucet to a faulty switch because it’s better to keep up with minor fixes to prevent major problems later on. If you skip on regular maintenance, you may end up spending more time and money down the road. Routine care involves doing work to prevent termite or any infestation before it happens and reduce the likelihood of plumbing issues, loose shingles and clogged gutters, just to name a few.
Boost Curb Appeal
Curb appeal refers to the aesthetic attractiveness of a home, as viewed from some distance by a prospective buyer. Home’s curb appeal makes a great first impression and as property’s exterior, it also sets the tone for what the interior might look like. There are several inexpensive tasks you can do to add curb appeal to your home, which helps in maintaining and increasing your home’s value. You can start with keeping the walls and windows clean, the lawn mowed and the trees trimmed.
Update and Upgrade
Many appliances and safety systems in your home need to be replaced at some point in time. Aside from doing a few repairs every now and then, consider doing a few updates and upgrades like using energy-saving appliances, re-painting walls, adding heating or cooling systems in some rooms, or simply just adding more storage space. Both updates and upgrades can help preserve and maintain your home’s value, so do some research on the best ways to renovate and improve your property.
The Importance of Maintaining for Your Home
By keeping these general tips in mind, it’s possible to maintain or increase the value of your investment property over several years rather than see its value decrease over time. You don’t have to be a property pro to maintain a home, but you can always check your property regularly to see if it needs minor repairs. You may also choose to hire a home inspector to spot small problems that have huge impact and could cause value-destroying damage down the road.
Maintaining your investment property and retaining the value of the property over time is in your best interests. So keep maintenance a regular task and don’t ignore even small issues. Upkeep might not be cheap, but maintenance is worth it as it can maintain and up the value of your home.
About ApexPro Real Estate
ApexPro Real Estate Group is a full-service real estate brokerage specializing in single family and attached residential properties throughout Houston and the surrounding areas. We are a privately-held small business that brings together top agents, cutting-edge technology, and unparalleled service to help clients throughout Houston to buy and sell real estate — and enjoy themselves every step along the way. Our client reviews are exhibits our dedication to help our clients extends beyond the closing table and we would love to earn your business.