National Home Ownership Month

Keeping your home updated makes money sense

Even if you’re planning to stay in your current home for many years, there will come a day when you’re ready to sell it. For most people, a home is the largest asset they own, and they hope it will increase in value so they can either step up to a nicer home or fund the retirement lifestyle they’ve dreamed about.

When longtime homeowners go to sell, they find that the selling price is less than they expected. The reason? They’ve overlooked making updates to their home. For example, a home’s kitchen may be attractive, but the appliances and color choices reflect what was popular two decades ago. When prospective buyers see the kitchen, they know they’re going to have to invest time and money.

National Home Ownership Month

Keeping your home updated makes money sense

Even if you’re planning to stay in your current home for many years, there will come a day when you’re ready to sell it. For most people, a home is the largest asset they own, and they hope it will increase in value so they can either step up to a nicer home or fund the retirement lifestyle they’ve dreamed about.

When longtime homeowners go to sell, they find that the selling price is less than they expected. The reason? They’ve overlooked making updates to their home. For example, a home’s kitchen may be attractive, but the appliances and color choices reflect what was popular two decades ago. When prospective buyers see the kitchen, they know they’re going to have to invest time and money.

June is National Homeownership Month, and it’s a good time to take a fresh look at your home to see what may need to be updated. By keeping your home’s appearance and features up to date, you’ll be more likely to get more for it when it’s time to sell.