Over-renovating for the neighbourhood
There's a ceiling on what any home can sell for, and it's set by the street it's on — not the finishes inside it. A $60,000 kitchen renovation in a neighbourhood where homes sell for $550,000 will not return $60,000. Buyers in that price range have expectations calibrated to the market, and luxury finishes in a modest neighbourhood create a mismatch that actually raises questions rather than confidence. Spend to the level of the market, not above it.
Instead: Renovate to meet buyer expectations for your price point — not to exceed them.