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Canadian Member
Join Date: Nov 2003
Location: Shuswap Lake, BC
Posts: 4,483
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Garth makes good sense!
I'm a licensed REALTOR, businessman and a compulsive renovator of many personal homes.
One thing I realized after becoming a realtor..... a buddy asked me to give him an idea of what his house was worth. It was a rev property that I knew the area very well. I told him on the phone what he could expect to get for the house. He called me back later and said him and his wife had decided to sell and he'd like to list the home. I said great, I'll do the docs and be over the next day.
He called back a couple minutes later and asked me if I shouldn't look inside the home first???? I felt sooooo stupid; I'd never seen inside!
This brought me to a sudden realization that I had personally over renovated homes in relation to their hoods many times. Don't do it. The home must match the area or you will lose the investment.
It happens with cars and it happens with houses...... we spent all this money on this house because we thought we'd never sell it; but.......
Now, it also depends on what renovations you are talking about and the condition of your home? my two cents; yet again!
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Rob McKibbon
Arena Red 96 993 TT LINK
Contemplate YOUR Success!
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