Lake Ridge Virginia Real Estate News: How Long Do Things In Our Homes Last? Life Expectancy Versus Trends In Real Estate.

How Long Do Things In Our Homes Last? Life Expectancy Versus Trends In Real Estate.

 How Long Do Things Last In A Home

Did you know that there are standards of what the average life expectancy is for the components that make up our homes? Well there are. The report is  called the NAHB Study. And is published by the National Association Of Home Builders.

I have compiled a list of the ones that really stand out when it comes to the Buying and Selling of Real Estate. I'm the Listing Specialist for Erick and Company and when I go to look at someones home, I always bring my trusty Listing Book. This is where I keep all these interesting articles and tid bits of information I've gathered over my career to review with homeowners. Here are some of the little ones that can be easily changed. Think of  Lighting Fixtures, Switchplates, Flooring Vents, Door Handles and Hidges and Kitchen Knobs as accessories for a home.

Lighting Controls 10 yrs, Appliances 9 yrs, exhaust fans 10 yrs,Wood Floors ( a lifetime!) Hot Water Heaters (10 yrs), Carpet (10  yrs) Faucets and Light Fixtures(15 yrs), Toilets (10 yrs!)

But keep in mind trends change and so you must make wise choices, it will help you when you go to sell later on.

Why is that?

Simple...it depends on market conditions. For example right now we are in the depths of a Buyers Market. In today's real estate climate, the more up to date, the more neutral, the better the livability , and the better the price, the  faster  your home will sell. So, how do you know what changes to make and when. I recently wrote another post about what improvements will give you the most return on your money. If you are thinking of doing a big improvement you may want to read Homeowners Do The Research. 

My suggestion is always call a local  Top Producing Realtor for a reality check. I'm Peggy James of Erick and Company and no matter what the market conditions are we will be able to assist you every step of the way. We've been helping buyers and sellers in the Woodbridge Virginia area for decades. We can share with you what the trends are, what homes in and around your neighborhood look like inside and what the market value would be with updates and without. Remember it's better to do it right the first time than to do it all over again when it's time to sell.

What do I mean by that? Well let's take my home for example. When we moved in, Bill said paint it whatever color you want.  I'm not afraid of color. So my home has lots of color. (it's just paint!) Will I have to change it when we sell...more than likely and I'm ok with that. We will have enjoyed it for years. However when it comes to expensive remodels and choices of fixtures such as cabinets, and hard surfaces..it's best to get a few professional opinions and not that of just the contractor. Making outrageous impulsive decissions can be costly. 

 

                                         Here is the complete study.from the NAHB.

Call Erick and Company at 703-851-3085

Got a question? Just type out a comment I'll be right with you.....

Contact Peggy James or Erick Blackwelderof Erick and Companyd like and they can share with you, what's a good improvement and what's a waist. In fact I recently wrote a post on that exact subject. Do Your Homework. If you are going to live in your home for a long time, make any improvement you want as long as you can live with the fact you may have to change it later.

 

 

Peggy James
 My direct #:703-851-3085
 

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Twins Selling Real Estate EXIT Realty Associates 8998 C Lorton Station Blvd, Lorton Virginia 22079 Equal Housing Opportunity Call 703-851-3085
Comment balloon 0 commentsPeggy James • December 01 2008 09:20AM

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