Depending on the value of your home, the cost of doing little or no preparation before you sell can cost you upwards of $100,000.00
A recent survey by Kijiji Canada reveals that Canadians do not do “what’s necessary to sell their homes”.
Their survey showed:
Nearly three-quarters (72 per cent) of those who believe decluttering is important didn’t actually purge their home of many items before selling.
Potential loss if above work is not done: $20,000 to $40,000
A large majority (86 per cent) of those who believe conducting renovations is important before selling a home didn’t do any when selling their home.
Potential loss if above work is not done: $40,000 to $100,000
A large majority (86 per cent) believe staging is important, but 61% of those who think it’s important didn’t do it.
Potential loss if above work is not done: $15,000 to $50,000
Above figures are based on a home valued at $800,000
Janette Ewen is a staging specialist, and she says “Getting important pre-sale preparations done when selling a home can often be a challenge simply due to personal finances and time restraints.”Pre-sale home improvements usually come down to time and money”.
Today’s homebuyers come better prepared than in the past. They simply have more information available through the internet. These buyers have little time available and will generally look at homes in a move-in-condition.
If your home needs work, such as decluttering, fixing leaky faucets or staging, you are well advised to have all these things done before opening the door to potential buyers.
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