Before we get any further, it's important to decide if building your home vs buying an existing home is the right choice for you. There are few factors that can determine this, so answer these questions below to help you decide:

1. How soon do you need to move into a new home? If your answer is ASAP or anywhere between less than 3-6 months, new construction may not be the best option for you. It’s important to take into consideration that building a new home takes time, usually 6 months on average.

2. Do you like to work on home projects and take a hands-on approach? If your answer is no, new construction might be a great fit. With everything brand new, you won’t have to worry about putting on your tool belt and completing any fixer-upper

Home Renovations: Profiting off a flip, where should money be spent when fixing up a home for resale

Part 1: Look At Comparable Properties

Don’t over-renovate. Only spend on upgrades that add value.

The three key factors in valuing residential real estate are location, location and location. This is important to remember when figuring out what improvements to add.

It is very easy to over improve a property and end up with a product that is beautiful, but overpriced for its location. While some buyers might spend a small amount more for a more improved property, they will not likely spend a significant amount more if there is nothing in the area selling for that high of a price.

Remember, not all improvements add value. Such things as