CHAPTER 5 Don't Overdo it:
When planning a remodel, it’s easy to get carried away with visions of turning your home into the crown jewel of the neighbourhood. But before you dive headfirst into a full-scale renovation, it’s important to keep one thing in mind: context is everything. How much you should upgrade depends on what you’re aiming to achieve, especially if you plan on selling your home in the near future. Know Your Limits It might seem logical to upgrade as much as your budget allows, turning your humble abode into an HGTV-ready masterpiece. However, while you may take pride in transforming your ranch into a showstopper, this strategy can backfire when it comes time to sell. Take a look down your street. How do the homes and yards in your neighbourhood measure up? Are they well-maintained, or do they have a bit of a “lived-in” look? Have you noticed interiors that are stylish and contemporary, or do they reflect design trends that belong in a museum? Whatever the case, these should serve as your guide. The reason is simple: buyers looking at homes in a $100,000 neighbourhood aren’t likely to pay $200,000 for your house, no matter how spectacular it is. Conversely, buyers with a $200,000 budget aren’t searching in a $100,000 neighbourhood—they’re looking for homes that match their expectations.
The Perils of Over-Improvement If you splurge on a spa-like master bathroom or a state-of-the-
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