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Buyers are diligent about inspecting a property’s
condition when deciding to purchase, but they often revert to
putting minor repair issues to a low priority before closing. This
can lead to major headaches if relatively small problems are left to
develop into major defects.
Soon after closing a home, make a list of all the
defects flagged in your inspection report that still need
correcting. If the seller repaired some problems as part of your
purchase, be sure to keep a record of this information. It will come
in handy whenever you decide to sell the property.
Be sure to prioritize the list of remaining
repairs and make sure they are done quickly. Set a schedule for
completing the work. As the old adage goes, “An ounce of prevention
is worth a pound of cure.” For example, one homeowner neglected to
relocate down spouts that carried rainwater from the roof. Rather
than carry the water away from the home, the down spouts deposited
water right next to the foundation. After a while, the foundation
settled significantly in this area. Consequently, the floor sloped
down to this particular spot.
When the seller listed his home, he had
difficulty selling it because of this problem. Buyers were concerned
about the settlement. The seller ended up discounting his home by a
tremendous amount because of the defect, and due to financing the
foundation repair. The problem could have been avoided if the repair
would have been done in the beginning. The cost at that point was
minimal.
At least once a year, walk around your property
with a notepad in hand and make a list of repairs. Make sure these
repairs are corrected before a certain time. If you lack experience,
hire a reputable home inspector to prepare a checklist for you.
Climate conditions, such as rain, wind and sun,
can cause damage to a home. When the paint peels, moisture can
penetrate the wood and cause exterior and interior damage. Missing
roof shingles can allow water to damage your walls. Also, allow a
roofer to inspect your roof once a year. Most of the time, roofers
give free estimates and let you know of any damage.
Every home requires a slightly different
maintenance regime. Place notes on your calendar to remind you of
your maintenance schedule. Routine maintenance can include periodic
cleaning of gutters. Trees need to be pruned to keep them from
hanging near the roof, and to lower fire and wind risks.
Have your home inspected for termites and
carpenter ants as well. It’s best to catch conducive conditions
before they become serious problems.
If all of this seems like a waste of time and a
headache, keep in mind that buyers pay premium prices for homes in
excellent condition. It’s a lot easier to get your home ready to
sell if there’re no repairs. Well-maintained homes do not stay on
the market long. That’s not only good for the seller, but it’s also
a plus for the buyer.
Helena Hill is a
Dallas real estate broker
and a contributor to the
Flower Mound Homes Blog. |