As a general rule, buyers won't pay for maintenance items

120 Dingletown Road sold for $2.325 million in December, 2020, and was brought back on the market two weeks ago at $2.850 million. Today, the price was cut to $2.750. It’s a perfectly nice, older, 1954 home, and there are always buyers willing to live on a street with a name that invites ridicule, but has it really appreciated $500,000, or, today, $400,000, in two years?

The owners put some money into what they call “improvements”, but what buyers will look at as mere maintenance work, and buyers don’t expect to pay extra for a working furnace or pool. Yes, the owners were wise to have the work done, but they shouldn’t count on recouping its cost.