Hi there, it’s Christine with TCC Team in Toronto , welcome to part 2 of our 3 part renovation video series, Thinking Of Selling? Don’t Spend A Dime Until You’ve Answered These 3 Questions.
Today I’ll be talking about Question #2 which is: Do you know what the average sale price is for a home in your neighbourhood?
This is important because we often see home owner’s falling into the trap of over-improving their properties way past what they’ll be able to get when they sell. The reality is that home buyers will not pick up the tab for renovations you’ve done that raise the value of your property above neighbourhood values unless it’s a ridiculously strong seller’s market and even then it’s no guarantee. In essence, you don’t want to be the most expensive house on the street! So if the average value of a home in your neighbourhood … Read More