Comments on: Rehabbers: Know the Warning Signs of Over-Improvement http://www.biggerpockets.com/renewsblog/2009/11/15/real-estate-rehab-know-the-warning-signs-of-aover-improvements/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jack Glasshttp://www.biggerpockets.com/renewsblog/2009/11/15/real-estate-rehab-know-the-warning-signs-of-aover-improvements/#comment-91764 Jack Glass Mon, 07 Feb 2011 23:23:49 +0000 http://www.biggerpockets.com/renewsblog/?p=8642#comment-91764 Yes, I have seen amateur flippers fall into this trap only to realize that they have outspent their profit margins. It is very important to stick with a budget. Yes, I have seen amateur flippers fall into this trap only to realize that they have outspent their profit margins. It is very important to stick with a budget.

]]> By: Justin Piercehttp://www.biggerpockets.com/renewsblog/2009/11/15/real-estate-rehab-know-the-warning-signs-of-aover-improvements/#comment-75436 Justin Pierce Wed, 18 Nov 2009 12:52:59 +0000 http://www.biggerpockets.com/renewsblog/?p=8642#comment-75436 It certainly is a balancing act. But, I guess that's what makes it exciting. It certainly is a balancing act. But, I guess that’s what makes it exciting.

]]> By: Stevehttp://www.biggerpockets.com/renewsblog/2009/11/15/real-estate-rehab-know-the-warning-signs-of-aover-improvements/#comment-75414 Steve Tue, 17 Nov 2009 23:03:24 +0000 http://www.biggerpockets.com/renewsblog/?p=8642#comment-75414 Modernity vs. vintage charm.. seems there'll always be a market for each, so finding the right balance that appeals to both is key! Good topic! Modernity vs. vintage charm.. seems there’ll always be a market for each, so finding the right balance that appeals to both is key! Good topic!

]]> By: Jay Castillohttp://www.biggerpockets.com/renewsblog/2009/11/15/real-estate-rehab-know-the-warning-signs-of-aover-improvements/#comment-75359 Jay Castillo Mon, 16 Nov 2009 15:34:31 +0000 http://www.biggerpockets.com/renewsblog/?p=8642#comment-75359 Ouch! This happened to me once and it hurts while I read this excellent article. I'm lucky because my broker who is also an investor bluntly reminded me that I am already over-improving the property when I let her know my plans to add an extension to the kitchen and some landscaping. I'm glad I listened to her and the property got sold without what could have been very costly over-improvements. Ouch! This happened to me once and it hurts while I read this excellent article. I’m lucky because my broker who is also an investor bluntly reminded me that I am already over-improving the property when I let her know my plans to add an extension to the kitchen and some landscaping. I’m glad I listened to her and the property got sold without what could have been very costly over-improvements.

]]> By: Justin Piercehttp://www.biggerpockets.com/renewsblog/2009/11/15/real-estate-rehab-know-the-warning-signs-of-aover-improvements/#comment-75351 Justin Pierce Mon, 16 Nov 2009 12:59:09 +0000 http://www.biggerpockets.com/renewsblog/?p=8642#comment-75351 Richard,I like that: do just a little better. That is a good way to put it.Thanks for reading.Justin Richard,

I like that: do just a little better. That is a good way to put it.

Thanks for reading.

Justin

]]> By: Crystalhttp://www.biggerpockets.com/renewsblog/2009/11/15/real-estate-rehab-know-the-warning-signs-of-aover-improvements/#comment-75345 Crystal Mon, 16 Nov 2009 08:38:04 +0000 http://www.biggerpockets.com/renewsblog/?p=8642#comment-75345 Great criteria in your article. This is very good warning or reminder for real state people who likes to renovate then sell a property. Repairing a house for profit is a big risk,but if a person tends to fall in love with the property seems hard to let go if time comes that he wants to sell it. Price is primarily affected due to the efforts exerted to the property. Great criteria in your article. This is very good warning or reminder for real state people who likes to renovate then sell a property. Repairing a house for profit is a big risk,but if a person tends to fall in love with the property seems hard to let go if time comes that he wants to sell it. Price is primarily affected due to the efforts exerted to the property.

]]> By: Richard Warrenhttp://www.biggerpockets.com/renewsblog/2009/11/15/real-estate-rehab-know-the-warning-signs-of-aover-improvements/#comment-75328 Richard Warren Sun, 15 Nov 2009 19:35:12 +0000 http://www.biggerpockets.com/renewsblog/?p=8642#comment-75328 Great article. The criteria that I’ve used over the last 15+ years is to follow the neighborhood standard. I would look at what was expected in the area and do just a little better. Doing too much isn’t justified by the return. You need to keep in mind that this is a business. Great article. The criteria that I’ve used over the last 15+ years is to follow the neighborhood standard. I would look at what was expected in the area and do just a little better. Doing too much isn’t justified by the return. You need to keep in mind that this is a business.

]]>