Improving Your House? Beware Not to Over-Improve.

Most homeowners improve their homes over the years by updating things, changing cosmetic items, removing walls, purchasing new appliances, installing pools, etc. There is a common assumption that when they go to sell their home, they will get back dollar-for-dollar what they put into the home. By and large that assumption is false. There are some improvements that disproportionately add value to a home, but when looking at the meta data, most improvements get you less in terms of value than the amount that you initially put in. And if you over-improve your home, you'll find that you get dramatically less value from those improvements than what they cost you. So in this week's episode of Selling Greenville, we discuss the impact of improving and over-improving your home and some of the things to consider when making those all-important home updates.

As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.