What is the best way to increase the value of your home?
Do your home maintenance. It’s that simple!
Investing a little time and money each month can save hours or days and thousands of dollars in the long run and steadily increase your home’s value.
Insurance companies spend $55 billion a year because of failed home maintenance. Homeowners spend another $25 billion on noncovered claims and deductibles.
Regular maintenance is the best way to avoid costly repairs, and it increases the value of a home by about 1% each year.* That’s more than two thousand dollars a year for the average home.**
If you’ve been avoiding maintenance. If you need a good strategy to stay on top of it or if you want to save time and money and increase the value of your home, get started with HomeManager and let us be your guide.
Why it Makes Sense
99% of realtors selling a home recommend that buyers get a home inspection.
According to realtors themselves, nearly all realtors recommend that the buyer get a home inspection. 84% of buyers request a home inspection as part of the purchase contract.***
Home inspections done correctly show the average home needs about $9000 of maintenance. A home that has been fairly well maintained might need less than $1000 dollars of maintenance, while another home that has not been maintained might need as much as $17,000.
That $9000 is money you, the homeowner, lose on the sale of your home.
Here’s how that happens: Your buyer has a home inspection done and the inspector finds $9000 in maintenance and repairs are needed. A motivated seller will compromise and hire contractors to repair the issues or agree to reduce the price of the home. Either way the home equity is reduced, so you get $9000 less.
Skipping a bit of regular maintenance on your home more than likely loses you the average loss in value of $9,000 dollars.
Do the Work, Increase Value!
Every dollar you spend on prevention may save $100 in repairs. Most of us know that we must do an oil change on our car every 3K to 10K miles to keep our cars running smoothly and avoid repairs. We take care of it. It’s easy to forget, so new cars have built in reminders that notify you when you need an oil change. Quick lube centers located all over make it convenient. Done. Your $45 oil change may have just saved you hundreds or thousands of dollars in engine repair.
Homes don’t have built in reminders, and you can’t drive your home to a quick maintenance center. We solved that for you by bringing you HomeManager.
HomeManager helps homeowners with monthly reminders and suggestions for easy ways to get maintenance done. Our goal is to make homeownership simple and to help you maximize your investment. We include everything you might need from the basics to cutting edge smart home technology. You can save time, earn money, and you’ll enjoy your home much more knowing you’ve taken care of it. HomeManager also helps you digitize and organize your home maintenance tasks, records, and details about the contractors and pros who make up your HomeTeam. Try it free, at HomeManager
If you are looking for more ways to increase home value, check out our article here about home maintenance & home improvement and how they affect your home’s value.
The Proof is in the HomeScore
HomeManager is a great home maintenance resource and planner, and it makes it easy to document your investment for realtors, buyers, and your insurance company.
HomeScore, another neat, built-in HomeManager feature, provides a home report and score similar to a car’s CARFAX®. When you are ready to sell your home, just touch a button and print or send a HomeScore report including a list of all your home’s maintenance to your real estate agent and buyer.
Maintain your home to enjoy it now, save thousands every year and increase your home’s value.
If you like it, continue to protect your home investment for much less than the cost of an oil change for your car, much less even than your home entertainment subscription. HomeManager guides you and helps you plan and document home maintenance every step of the way for only $8 a month! HomeManager also helps you keep your HomeTeam organized. It lets you see how your home compares to others. It gives you a HomeScore anytime in one click, all for only $8 a month.
*Study by the University of Connecticut and Syracuse University
**U.S. Census Bureau 2013-2017 American Community Survey five-year estimates