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8 Remodeling Mistakes That Can Lower Your Home’s Value

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Market update Guelph8 Remodeling Mistakes That Can Lower Your Home’s Value

Getting ready to sell? Thinking you can boost your asking price with some freshening up? Be careful, or you could actually cost yourself in more ways than one. Not all renovations are created equal, and some can actually detract from your home’s value.

You might be tempted to try to add value by tackling a few DIY remodeling projects. But when they’re not done properly, such efforts can actually have the exact opposite effect on the value of your home. Here are eight of the top remodeling mistakes that can decrease your home’s value:

https://blog.remax.ca/8-remodeling-mistakes-can-lower-homes-value/?fbclid=IwAR3pHkKQQce5rzktIZhgFvAOVARvmwmmNg7BAfcNE6nL3BOWnGruxwPgpqg

MARKET UPDATE FOR GUELPH

The 2022 real estate market continued on a brisk pace in February as the inventory of homes for sale couldn’t keep up with the high demand. Homes continued to attract multiple offers and sell well over asking price. The number of sales for Guelph in February (245) increased about 60% from the previous month although the average sale price stayed about the same at $965,000 or $613/square foot. This included all residential sales, detached, semi-detached, condos etc. The average time on market for MLS sales decreased to only 8 days and sellers received on average 120% of their asking price which means that homes were still selling significantly more than asking price on average.

Going forward into March, there are only 131 active listings for the entire city which is still extremely low inventory. 400 homes would represent a balanced market. This low inventory, high demand, seller’s market should continue to rule as the spring market begins.

Are you thinking of making a move? Put RE/MAX, real estate’s premier brand and my 20+ years of real estate experience to work for you! Call/text/email/DM me and let’s get started with a free home evaluation and custom marketing plan!

Dean Manton Broker

RE/MAX Real Estate Centre Inc

519-716-4663

[email protected]

reasonstohiredean.com

#experiencecounts #20plusyears #remaxcanada #Guelph #guelphrealestate #movetoguelph

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virginia Hildebrandt profile picture
virginia Hildebrandt
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The best part of selling our farm was working with Dean. He made suggestions for staging, had the property and our home professionally photographed and presented in a video and then walked us through showing and a successful sale. He was professional and gave honest answers to all concerns and questions. I don't think we could have done better with anyone else. V & H Hildebrandt
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Barry Newell
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We have used Dean as our realtor before and when we decided to sell our home, there was no question of which realtor we were going to use. Dean is friendly and professional and answers all your questions and concerns. We had some difficulty with a place we thought we had, and Dean went above and beyond to help us find another place, which we are very happy with!!! Thank you Dean for walking us through this and keeping us calm through some of the unexpected twists and turns!! If you are looking for a realtor who listens to you and understands what you are looking for, then I would highly recommend Dean!!!
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Ivy Tang
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We’re first time home buyers and Dean helped guide us through the entire procedure. He was always flexible with scheduling around our needs for the entire process - house tours, inspections, final walk through etc., and gave us advice based on his experiences. Thank you to Dean for his help on our first home.
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Juergen Marquardt
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Working with Dean on the sale of our Guelph home was a pleasure, he was very knowledgeable in regards to market value & helped us significantly in regards to staging our home. Our house sold in just under ( 2 days ) after being posted, Dean also guided us through the sale transition making it easy & unstressfull. We would highly recommend Dean & would surely use him again for any sales or purchases in real estate.
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Shazad
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I purchased my first home with Dean and he was a great person to work with. He responded quickly to any inquiries we had, ALWAYS answered his phone, checked up on us after we settled into our new home and ensured that we were happy every step of the way. Thank you Dean!
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william knetsch
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Dean hit the mark on all levels.
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Terri Manolis
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We had an amazing experience with Dean, he was thorough, professional & a pleasure to work with! Highly recommend!
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Laurie Valeriote
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Dean is a great guy and did a wonderful job for us when he listed and sold our home. He is so personable and a great listener. His communication was top notch and we really appreciated being able to get a reply from him very quickly when we had a question. He worked hard to do a market analysis for us and did a beautiful, thorough presentation of it. He was very knowledgeable about the area we lived in and where to price our home to get what we needed. Any concerns we had about anything, he addressed immediately. Thanks Dean for selling our home! Great experience!
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Mary-Catherine Pazzano
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Dean was an amazing Realtor for us. He was super responsive, extremely helpful, and knew a lot about what to look for when buying a home in this market with no conditions. His years of experience are definitely evident. His manner is also super calming, which is an amazing personality feature in a process that is both stressful and exciting! I would happily recommend Dean anytime to anyone!
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