Condition

FULL MARKET VALUE
  • Your property should realize full market value if:
  • All plumbing, heating, air conditioning and electrical systems, appliances and mechanical apparatus are in excellent condition.
  • The home exudes "Pride of Ownership."

FUNCTIONAL OBSOLESCENCE
  • Dated kitchens and bathrooms lower the value of the property.
  • Rooms leading to other rooms without hallways can be problematic.
  • Converted garages may detract Buyers.

GENERAL MAINTENANCE

  • Roof
  • Plumbing and Electrical
  • Heating and Air Conditioning
  • Appliances
  • Landscaping
  • Pool
  • Termite and Dry Rot Damage
  • Foundation.
    All the above items should be in good repair or in good condition.

COSMETIC CONSIDERATIONS

  • Painting and Wallpaper
  • Carpet, Linoleum, Hardwood Flooring
  • Tile
  • Lighting
  • Cabinetry

IMPROVEMENTS

Some home improvements will not return dollar for dollar value when you sell your home. Decorating can be subjective. What you like, someone else might not like. However, some improvements are sure winners' others are not:

  • Fireplaces return 100% on the dollar.
  • Paint will return 100% (use neutral colors).
  • Wallpaper will return 50%.
  • Swimming pools will return 0-50%.

Expensive built-in cabinets, custom lighting, hardware, drapes, security systems, etc., will make your home show better than the competition. However, you cannot expect to recover your entire investment in these improvements. Hopefully, you have enjoyed the benefits of the improvements while living in your home.

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