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This is the latest installment of The Biggest Mistakes Homeowners Make.
Topics covered
- The financial risks of over improving. Why approaching a home improvement as an “investment” may not be the best approach.
- The financial risks of under improving.
- How location plays an important role in how you spend your home improvement dollars.
- Why are you making the improvements? Who are the improvements for?
- Why over improving may not be such a bad thing (again, it depends on your motivation). Over improving may make sense to you in certain circumstances.
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The key takeaway
It’s your house. Do what makes sense for you. Just be aware of how the value of your house is affected (or not). Seek advice from a real estate agent to make sure you are spending money in the right places.
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