The Real Estate Browser Volume 10, Issue 6 - Page 41

www.LynchburgRealEstateBrowser.com Volume 10 Number 6 – Say you saw it in The Real Estate Browser of Lynchburg — 41 items if you are concerned with resale value— we’re talking elements like a meditation nook, bocce ball court, or koi pond. “Most people are not willing to invest the time, energy, or finances to maintain those areas, so keep your additions relatively main- stream and user-friendly,” Shiroff says. 2. Update the garage door home retain value and can keep a small prob- lem from becoming exponentially bigger.” 5 years out This is a good time to start thinking about big-ticket items that will affect your resale and that you won’t want to pay for all at once. Here are some to consider. 1. Replace major systems Believe it or not, updating your garage door is the top upgrade you can make in terms of return on investment. We’re talking HVAC systems, plumbing … anything whose average life expectancy is rela- tively long, and where you want your listing to showcase that these key systems are less than “Curb appeal is key when you’re getting ready to sell your home, and garage doors can five years old. Replacing them now allows you to enjoy the improved operation and potential dramatically improve the look of your home,” energy savings, while avoiding a concession in says Matt Edstrom of GoodLife Home Loans the sale price when the time comes, Willson in Laguna Hills, CA. Since garage doors can last for up to 40 years, this is an update you can says. enjoy right now, without worrying about tak- 2. Check on anything with a warranty ing a depreciation hit. This is also a good time to do a check on 3. Replace your roof any items that have a current warranty—such as windows and appliances—while they are still If your roof is more than 20 years old and covered, suggests Frances Dawson, with Re/ you plan on selling, you may want to replace Max Executive at the Lake in Cornelius, NC. it, suggests Taylor Willson, owner of Willson Home Inspection Inc. in Tampa, FL. For one thing, you may receive immediate savings from your insurance company, he says, and beyond that, “A newer roof is a great selling point.” Choose a hardy material, like concrete tiles or asphalt shingles, that have a long useful life. 4. Keep up on repairs Repairs should have a permanent spot on your “to do” list. If it’s broke, then, yes, please fix it. 3. Switch out your front door Another important element of “curb appeal,” your front door can really make your house pop, says Edstrom, as well as potentially increase your energy efficiency. Front doors can last for decades, but they are also exposed to the elements, so this is a good time frame to allow you to enjoy the aesthetics and energy savings, without running the risk that it will look too weathered come sales time. 2 years out “Don’t put off repairs while you wait for the optimum time,” says Cristina Miguélez, remod- Two years is nothing in a home’s history, so eling specialist at Fixr.com. “They help your it’s time to really start getting serious. Here’s