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I’m all about maintenance, but mostly in a literal sense. It turns out that there’s another definition of that word in the real estate world. I sold a house a
by tomcam 4y ago
I’m all about maintenance, but mostly in a literal sense. It turns out that there’s another definition of that word in the real estate world.
I sold a house a few years ago that the real estate agent described as having “deferred maintenance“, which annoyed me. Because I always maintain my houses scrupulously.
Fast forward a few years later and I now understand that phrase actually means “it’s not decorated in the current style“. The fact that I don’t spare gigantic expenses such as major electrical or floor repairs, massive septic field projects, replacing large drainage systems, central air conditioning, etc. all at tremendous costs, is irrelevant to people who use the phrase “deferred maintenance“.
They don’t care at all whether I just replaced a pool pump or expensive air conditioner just before selling. No one who buys a house from me is going to have to replace their pipes or ducts within the next 20 years, but that just isn’t a selling point.
- stewx 4y agoThat agent is clearly ignorant. Also not serving their clients well because cosmetic stuff is easy to do, while below-the-surface repairs are often a lot more expensive.
- lotsofpulp 4y agoThat was just a bad agent. If you kept proof of recent repairs and capital investments, and showed them to prospective sellers, they would definitely value them. Assuming that the price of the land of your house is not 80% of the price of your house.