Nobody Ever Tells You About “The 500 Rule”

AGREA Worn CarpetAppraisers often measure home value in $500 increments, this is called the 500 rule. Which means that slight damage can reduce the value of your home by a much higher impact. This reiterates that it is very important to work on the small dings and updates before the appraisal date. Example, fix or replace things like:

  • Non-functioning door latches/handles
  • Torn screens
  • Worn out carpet
  • Basic plumbing
  • Light fixtures

Source

Leave a Reply

Your email address will not be published. Required fields are marked *