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“I’m very conscious of how a home has been cared for by the seller,” says Ryan. “Has it been loved, enjoyed, and maintained? While there will always be a few structural fixes needed, it’s important that there’s been regular upkeep or replacement on mechanicals and big-ticket items like the roof or tuck pointing.” Ryan, who dreams of owning a 1920s-era house with crown molding and a grand staircase, adds: “The resale value of a home with all-new mechanicals can be valued at $20K to $50K more than a home needing major repair.” The lesson for buyers: Ask about this, and find out if paperwork like manuals or warrantees is available. The moral for sellers: Don’t let your place go to pot!
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