The balance between renovating and selling
Most home owners will consider the idea of renovating at some stage during their time in a home; some renovate to make the home more liveable now and others to attempt to increase the sale price.
No matter what the reason is, you need to consider the cost of the renovation and compare that to the potential financial benefit.
This is important because overcapitalising can be a risk. While most investors have a good understanding of what overcapitalising is and how to avoid it, this is not always the case for owner–occupiers.
