Posted 3.8.13 @ 8:30
Buying the most expensive home on the block might seem like a great idea; if it’s expensive Oakville real estate it’s bound to appreciate, right? Wrong. Just because a home is expensive doesn’t necessarily mean that you should buy it. If it’s leaps and bounds above what everyone else in the neighbourhood has, you’re going to have a long road ahead of you waiting for the house to appreciate. You’re going to need to think about why this house is so expensive, and then you’ll be able to come to the right choice for you.
Just Because Stuff is New Doesn’t Make it Better
Just because an Oakville real estate property has been remodelled with new kitchens and bathrooms and whatnot doesn’t necessarily make it better. You’re going to want to think about why it costs that much. Are you going to want to really use all that vanity lighting, or are you going to want to have something a little more practical. Think about how much maintenance all of those upgrades are going to take, and can you even begin to afford the cost of utilities every month?
If you’re selling your house try to keep your remodelling to more conventional things; don’t pull out the master bedroom to make a “star deck”! You don’t want to kill all of the normal things about a house that will help you sell it later. Eventually you’re going to need to sell your home or move on, and the more idiosyncratic your home is the harder it will be to sell down the road.
They Didn’t Hire Professional Contractors
If the work doesn’t look good, walk away. It sounds mean but this is your money and you’re investing in Oakville homes to get money down the road when you need it. You want your house to be a home, and you’re not going to be able to get that if they skimped on the contracting work. Think about everything you want in a home, and think about whether or not these people really put work into it. If they wanted to sell they’re going to have a professional contractor do it.
If you think you can do the work on your own by yourself and you’re a home owner, don’t do it. Even if you’re a professional contractor you know that you lose objectivity in your own home. Always hire someone else to help you.
Don’t Put in a Pool
Please, don’t put a pool into your home to add value to your Oakville home. We’re in Canada, not California. People don’t want pools; when buyers see pools they see money going down the drain and years of problems down the road. Put in a pool if you want one for yourself, but don’t expect a pool to be the lynchpin of your home sale to get you more money and increased equity.