Over-improving is when you wind up with the best/most expensive/biggest house in the neighborhood.
We have all seen homes that are over improved
and here are some of the reasons.
-They thought it was a forever home, never planned to sell and made it perfect for their needs.
-They had the funds and wanted what they wanted without moving.
-They made expensive improvements when times were good.
-They were comfortable to live in a less expensive neighborhood to be near friends and family.
-They needed special accessibility.
-They needed a school, health care system or other community services nearby.
-Proximity to grandchildren, aging parents or other family members.
Can you sell an over improved house? Yes!
There really are people who want the best house in the neighborhood.
They love having all the bells and whistles and they may be able to make a good buy.
Do you have an over improved house?