Resale value is now always considered when a potential buyer is deciding upon a home to purchase. The ongoing debate is always – where is one’s money best spent to increase the value of the home? Budgets play a big part in a renovation and I see too many “all-in” renovations… In other words, homeowners blow their entire budget on one room and neglect the rest of the home.
We’ve all heard the horror stories – people paying way too much for a house, not getting an inspection and then finding a million (expensive) problems with the place. I’ve seen it countless time with homeowners on Income Property and from talking to eager real estate investors.
Buying your first home can be exciting and amazing, and scary. But knowing the common mistakes of first-time buyers will ensure you don’t make the same ones, and can help make the transition to “New Home Owner!” that much smoother.
