"Wow!" was all I could say. You outdid yourself, and your neighborhood. The seller told me how he loved HGTV and loved the flip shows. He always wanted to flip a home and this was his first try. "So what are you thinking price wise for your home? I asked. $300,000 was his answer. OUCH! I asked him if he knew that no home in this neighborhood had sold for over $216,000 in the past year? "Yes, but this is not the typical home" he said.
So this is the cold, hard reality. You can out do for your neighborhood. If the neighborhood typically has 3 bedrooms and you add two extra, that doesn't necessarily mean your home is better.
If you no longer conform with neighborhood standards you could risk getting your investment back.
As an example, this seller got rid of the bonus room which is a Charlotte necessity, and created two separate bedrooms in it's place. Now he thought that would make the home worth more which is a common mistake. Do your research before you make your "improvements" to the home. Out showing your neighborhood could just lead to a lack of interest and a loss in all your hard work and money.
Real Estate Agent / Huntersville, NC
Berkshire Hathaway HomeServices Carolinas Realty