What is Deferred Maintenance and How Does it Impact My Home’s Value?

Deferred maintenance refers to the postponement of repairs or maintenance on a property that should have been done in the past. It is a common issue for homeowners who may neglect to address minor problems until they become more significant and expensive to fix.

Examples of deferred maintenance can include failing to fix leaky roofs, broken windows, malfunctioning heating or cooling systems, damaged siding or fencing, and more.

Deferred maintenance can have a significant impact on the value of your home. If your home has noticeable signs of wear and tear, such as peeling paint, broken windows, or leaking roofs, potential buyers may be less likely to make an offer or may offer less than the asking price. In addition, deferred maintenance can reduce the overall appeal of your home, making it less desirable to buyers.

Furthermore, if you delay maintenance for too long, it can lead to larger and more costly repairs down the line. Regular maintenance and repairs can help prevent damage and maintain the value of your home. If you’re planning to sell your home in the future, it’s important to address any deferred maintenance issues before listing it for sale to maximize your home’s value.

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