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The Over-Improved Property

Date March 4th 2018

Not all renovations will increase the value of your home. Some renovations are lifestyle improvements that are for a home-owners personal pleasure. 

Some improvements hold no value if they are unpopular decor decisions (peuce-coloured granite comes to mind). In fact, they may decrease value.

Pouring a lot of money into a poor floor plan without correcting function is a common mistake. 

Over- improving for area or a neighbourhoods maximum consumer confidence can result in a very small resale audience as buyers are wary of being “best or biggest” without similar context. 

Talk to Your Realtor® before making any big decisions about the future value or your renovation plans.

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