Your New Home Just like you would change the oil and do regular maintenance on your car, you will want to maintain your new home. If you take care of your home, your home value will go up over time. Traditional appreciation of maintained properties tracking back to the late 1800s is at about 4.5% per year. However, heavy wear and tear, deferred maintenance, outdated cosmetics, and broken items will lower your realized appreciation.
Many things in your home are easily maintained or updated. As a new homeowner it will be well worth your time to learn these simple skills. From books to YouTube videos there are many great resources to do this. You will be happy you did these things when it comes time to sell. Remember, your inspection report is a great starting point for recommended maintenance and repairs.
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