Over improving

Ah, the situation that every flipper faces sometime or another. Installing that sauna or whirlpool tub is sure to make the sale right? Wrong. Investing in personal preference items like these limits the buyers who will be interested in your house. Perhaps your buyers have small children; well there goes the pool in the backyard. It’s very important to improve your house to the level of the others in the neighborhood. Here’s a good article explaining more.

If your home is not located in a granite countertop neighborhood, this investment is likely to pay out what you put in. If you over improve, you’re sure to spend more than you have to or lose out. A great way to view other homes in your neighborhood and surrounding neighborhoods is by attending open houses. Try to attend as many of these as possible. Listen to what the buyers are commenting on and pay attention to the features of the house. If there aren’t any open houses nearby, try viewing a model home and take notes of what improvements and features this home has over yours. Make adjustments to your house accordingly.