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Need to Buy or
Sell a Home!
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Powering Through a Down Housing Market by
Making Continuous Home Improvements
It is important to make Home Repairs and
Necessary Home Improvements as they are Needed
By Mark J. Donovan
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Though we
have seen a collapse in the housing market over the past couple of years it is
important that you continue to make home improvements and home repairs as
desired and needed. A home is more than just a large investment. It is your
abode, the place where you sleep, eat and live. And though it may have lost 30%
of its value in the past couple of years, it is also most likely still your
largest asset.
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For these
two reasons alone, it is important to make continuous home improvements as
necessary.
Unfortunately a home is not self maintaining and as with everything, a home
needs regular care and maintenance. Fresh exterior paint maybe required, a
heating or air conditioning system may need to be fixed, a leaky roof could
occur after a storm, and the worn out rug or vinyl flooring just simply needs to
be replaced.
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Holding off making these types of
home improvement repairs could lead to further complications and costs down
the road. A home in need of fresh exterior paint or new shingles is
susceptible to water damage. Left in disrepair these issues could lead to
interior home damage. There are also the
home improvements that are less functional in nature and more about style.
If you still have pink or baby blue ceramic wall tiles in the bathroom it's
important to realize we’re no longer living in the 1950's.
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If you
still have shag rugs in your home, it's time to face the facts that the 1970's
are over. If your kitchen has green appliances in it, realize the 1980’s are
over. I could go on but I think you get my point. It is important to keep your
home relevant and in sync with the times and future home buyers.
| From an emotional level it
is understandable why some may elect not to make continuous home
improvements and home repairs. The feeling of why throw more good
money after bad is a common theme. However, one fact that is a truism
in life is that the world we live in is in continuous change. Like the
oceans there is constant ebb and flow.
And so a bear housing market today will
inevitably be a bull market sometime in the future. |
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When, is
always the big question, but not knowing the answer to this question is
insufficient of a reason for holding off in continuing to maintain your home.
When the
housing market does improve it will creep up on you rapidly. Just like the
collapse of the housing market, and like the tide coming in, it will come upon
you without you even realizing it. And when it does come in, and you want to
sell your home, you need to be ready.
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So don't get behind in tackling home repairs and
making continuous home improvements. Continue to keep your home fresh and
relevant so you enjoy living in it. And when the housing market tide changes
and you want to sell it, your home will be ready. It will be fully
functional, aesthetically attractive and have the features desired by
current homebuyers.
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