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Updated over 9 years ago,
Almost done renovations. But how far do i go?
Hello. So last June my fiancee and i moved into our house with the idea of renovating it with $20,000 that we tacked onto the mortgage. We bought it for 158,900 and are hoping to sell it for 205,000 or more. I have been doing all the work myself which is the only way we can make any. Money off this flip. So the whole main floor has been renovated (new bath, kitchen, appliances, tore down and fixed sagging trusses, etc etc) and so now i have about 2200 left and i want to fix up the basement with mostly free materials, and paint the outside and fix the fence (minor things) so i am just wondering how far i should go with all these renovations? I am the type of person that sees every flaw and wants to fix it and make this house perfect. But what actually effects resale value? Andwhen have i gone too far? I am worried that i have done all this work over the past year and it will not pay off and it will just be a big learning experience...i can send pics if needed, i live in winnipeg, MB. Thanks for help.