Getting Your Money Out Of It

Steve is selling a home. Should he do a repair or a replacement of an air conditioner to make that easier?

QUESTION: Steve has a $500,000 house for sale and has been lowering the price. He needs to do some repairs on the 15-year-old house for about $3,300. Should he just replace the whole unit and advertise that to the buyer, or just patch it up?

ANSWER: I don’t know if you’ll get all your money back if you put a new unit it, but you make the home a lot more marketable. I can’t tell you that it increases the value of your home by that amount. You might just do the repair and continue on. Unless you’re just going to gut the whole thing and put in all new stuff, you probably won’t get your value out of it. Double check and get your real estate agent's opinion. They may know better.

Jump-Start Your Goals!

Jump-Start Your Goals!

Get our 8-Day JUMP START series and weekly newsletter that are packed with articles and tools to help you win with money.

Reach Your Money Goals

Reach Your Money Goals

Start with a budget. Join the millions already budgeting with EveryDollar!

Create My (FREE) Budget

Thank You!

Your 8-Day Jump Start is on its way to !