It pays to keep your home up to par

As a homeowner, you should start a programme of regular maintenance from the day you move in.
That’s the advice of Jan Davel, MD of the RealNet property group, who says it’s no secret that the best-looking homes always sell fastest and for the highest prices, and that it’s much easier to get a home into “show condition” if you don’t have to overcome years of neglect.
“Property buyers should always make sure,” he says, “that there is enough leeway in their household budgets to keep their homes in shape. Deferred maintenance during a period of high interest rates and increased home loan repayments is one thing, but owners should never let their homes get so run down that turning things around is an insurmountable chore.
“Indeed, if for some reason you no longer have the resources to maintain your home, it is often better to sell it before it goes into decline.”
Davel also suggests that homeowners keep a record or log of all the improvements they make and repairs they undertake during their period of ownership. “This will come in very handy when you decide to sell because it will document your regimen of good home maintenance for potential buyers.
“It can also be very useful for calculating your capital gains liability.”
As for going to the trouble of adding that extra “gloss” on show day, he says it really can make all the difference between a sale and no-sale, or between a good offer and a bad one, especially in the current market.
“All too often we hear homeowners say they think it would be a waste to spend money on a property they are about to sell. But when you decide to sell, you home is no longer your family residence but a ‘commodity’ that must be made attractive to other prospective homeowners. And a couple of thousand rand and a few working weekends spent to transform a home into one of the most attractive local listings inevitably pays dividends.
“For a start, there are always far more buyers looking for homes in ‘move-in’ condition than those scouting for dilapidated properties that they can fix up and resell.
"And the added appeal of a well-presented home not only attracts more offers, but often also justifies a higher asking price when prospective buyers consider the work required and costs they would have to incur to bring other, under-presented homes up to the same standard."

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us