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Cleaning Your Investment
The impact of a clean, well-maintained home on its sale prospects and value can be significant, though precise figures can vary based on location, market conditions, and the extent of the cleaning or improvement. Here’s a general overview of how cleanliness and curb appeal can influence home sales:
1. **Percentage/Odds of Selling a Clean Home vs. a Dirty Home:**
- **Faster Sales:** Clean homes tend to sell faster than dirty or poorly maintained ones. Homes that present well can sell up to 17% faster than those that don’t.
- **Increased Buyer Interest:** Buyers are more likely to be interested in viewing a clean home, which increases the chances of receiving offers. Clean homes can attract 30% more potential buyers than those that are dirty.
2. **Price Premium for a Cleaner Home:**
*Higher Sale Price: A clean and well-maintained home can sell for a premium. On average, homes that are professionally cleaned and staged can sell for 1% to 5% more than similar homes that are not.
*Perceived Value: Buyers often perceive clean and well-maintained homes as being worth more. This perception can lead to offers that are 2% to 8% higher than what would be offered for a comparable but less clean home.
3. **Impact on Property Value:**
*Increased Appraisal Value: Regular maintenance and cleaning can contribute to a higher appraisal value. While it’s difficult to quantify, cleanliness can contribute to a perceived increase in property value by 2% to 10%, depending on the market.
*Curb Appeal: The exterior cleanliness, including power washing driveways, walkways, and the home’s facade, can greatly enhance curb appeal. Enhanced curb appeal alone can boost property value by 3% to 5%.
4.**Summary:**
*Selling Odds: Clean homes can sell up to 17% faster and attract 30% more interest.
*Sale Price: Professionally cleaned homes can command 1% to 5% higher sale prices.
*Property Value: Proper maintenance and cleanliness can increase property value by 2% to 10%, with curb appeal adding another 3% to 5%.
These figures are general estimates, and the actual impact may vary based on the specifics of the property and your local real estate market.