Great points about keeping receipts!
Have you ever heard the saying that “the house with the most documents wins” or gets the best value in the market? Well, it is true and here are 2 very good reasons for you to keep all of the receipts related to your home:
1) Receipts help to justify your list price to prospective buyers and
2) Receipts help to justify your contract price to an appraiser
But first, a little background information.
Keeping track of the improvements and repairs to your home can really pay off when it comes time to sell. In addition, differentiating between “improvements” and “repairs” is important. Improvements can be anything from new kitchen appliances, adding a deck, or finishing your basement. Repairs include replacing the carpet, adding fresh paint, fixing sagging gutters, replacing rotted trim around doorways – anything that is an important, but routine maintenance project. Even though these items fall into…
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