It is important to remember that the value of a home is not fixed, it can vary or fluctuate over time. The value of a home is what someone is willing to pay for it. When there are more buyers than homes for sale, you will have the possibility to charge more to sell your home. However, when the market is slower and there are more sellers than buyers, the value of your home and the sale price can decrease.
There are steps you can take to preserve the value of your home. These are:
- Keep your garden in good condition.
- Paint the exterior of your home and repair any signs of deterioration in the wood or decoration.
- Perform necessary home repairs and maintenance.
- Improve artifacts, cabinetry and fixed facilities that are old and old-fashioned when your budget allows.
- Invest in projects to renovate the house as they can add greater value to your home such as improvements and extensions in the kitchen, bathrooms and living areas for the family. Generally, these projects will make you more money when you go out and sell your home than you invested to make the improvements.
In addition, you can take steps to help maintain the attractiveness of the neighborhood and community. For example:
- Work with the district Mayor's office to form a local task force and spread the word about foreclosure prevention resources for struggling homeowners. Engaging other organizations that impact your community such as the police and the media (newspapers, radio, television, cable) can also be of great help.
- Encourage the local library to disseminate information in a remarkable way about foreclosure prevention resources to local homeowners.
- Request that the building association or homeowners association hold a special meeting to discuss how to avoid foreclosure.
- If there are homes with foreclosure on sloppy conditions next to your home, contact the real estate agent or lender listed on the property signs or foreclosure notices to register a claim and request that those properties be kept in good condition.
- Participate in your neighborhood, homeowners, or condo association and volunteer to help your group stay active and engaged so that your community remains strong.
Source: AldeaUrbana