Here's a photo from a Dane County home that's nicely updated on the inside, but whose roof is aging and worn on the outside. This home has been on the market for over 2 months and undergone a total of three price reductions.
This example brings to mind two important themes in our market:
#1) Many insurance companies are no longer insuring roofs that are 20 years and older. With homeowners insurance being a requirement for a mortgage, choosing not to address an aging roof can seriously hinder a sale.
#2) Contractor costs and building supply costs have increased significantly over the last few years, and buyers have become much more sensitive to big-ticket projects.
As you prepare for your own move, it's important to keep these two big themes in mind. In the long run, proactively planning for your sale and making smart decisions will reward you with a smooth selling experience, and net you your highest return on your investment.
This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & Realty Executives Cooper Spransy
1619 Monroe Street #1, Madison, WI, 53711
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