Page 1 - 5 May Newsletter

Is Your Home Older

Than Its Years?

May, 2022 Newsletter from Team Petruzzi

Would you throw away $20,000?

You know if you keep your body fit an d your mind nimble, you’re likely younger
than your chronological years ? The sam e principle ap plies to your house.
An out-of-shap e house is older than its year s an d could lose 10% of its ap prai sed

val ue, say s Mack Stricklan d, an ap prai ser an d real estat e ag ent in Chester, Va.
That ’s a $15,000 to $20,000 ad justment for the av erag e home.
But good mai ntenan ce can even ad d val ue. A study out of the University of
Connecticut an d Syracu se University finds that regular mai ntenan ce increas es the
val ue of a home by ab out 1% each year .

So if you’ve been deferring mai ntenan ce, or just need a good strat egy to stay on top
of it, here's the simplest way to keep your home in good heal th.

"A poorly maintained house can lose up to 20k in value."