As we are thinking of downsizing, we only use 3/5 bedrooms. Hubby uses one as his office, we have 1 and my daughter has 1 bedroom with ensuite and walkin robe. We have 2 empty rooms.
How should we present these rooms?We have furniture for 2 bedrooms only.
I thought of hiring some extra furniture but charges start from $3000.
Also we have huge upstairs living that has a tv and carpet and small lounge. As its huge it’s half empty. as we have spent so much in building this house…how should I present it to prospective buyers to get good sale price.
Please give ideas/opinions.
Tbh if you havent furnished the whole house and want to downsize its seems silly to waste more money on hiring stuff. People will be able tl see what your doing with the space, things like bathrooms kitchens are always a selling point. Any bedrooms etc are usually peole have a number in mind and preferred size so as long as they can see that
You guys built from scratch? Seems a shame you want to let it go all that hard work! Inshallah the sale goes well x
My friend got help from realtor to sale their house, she gave them ideas to set the house then she took pic, and the house sold in very good price. If u r planning to get realtor involved in the process get guidance from them, they have very good idea what buyer want to see in the house, best of luck.
We are going to start from scratch again…we have consulted a realter and he has given us a good indication of price we can sell at and by selling we will be making huge profit and will build a small house. By doing this our mortgage will be reduced by 75%.
There are few houses in our area on sale but they have proper set witb designer stuff…but they have put the price abou 100 000 more than what we will be asking.
I am told well set house gets higher price .
We were struggling a bit so didnt upgrade our room furniture yet…our current is 7 to 8 years old.
Umm…speaking as a Realtor, properly staging your house can definitely get you more money but 100,000 more in sales price? I’ve never seen or heard of that in my 10+ years of working in this industry. Do you mind me asking me what state/market you live in? Are these houses direct comps, meaning are they +/- 200 sqft, built around the same time and within 1/4 mile of your house?
Hiring a stager will definitely help out, but even more so are well taken photos for the MLS listing. Hiring a real estate photographer that specializes in taking photos of houses for the MLS only costs about $150. You don’t have to take pics of the empty rooms, your listing details will already show the the room dimensions etc. A potential buyer will already see the square footage and know how many bedrooms there are.
Ideas for presenting those rooms could be a home gym, craft room, prayer room, play room. There are inexpensive ways to stage. Ask friends or family if they have any extra furniture they need stored temporarily and use that to set your empty rooms.
I would concentrate more on what you do have, over what you don’t. A buyer forms there opinion about your house within the first 15 seconds they walk in. That’s why curb appeal is important, and your entry foyer. These set the first impression.
(Also, get a second opinion/alternative price quotes on staging companies. The ones I work with oh charge $75-$100 an hour and really good about working with the things you already have. Even if they have to being in big pieces and it costs you a couple of thousand, you can ask to pay them at the time of closing so you don’t have to come with the expense up front)
I am in Australia. They are ex display homes and their prices are fixed. I am not even impressed by those houses but they so are so well decorated and their decoration gives wow factor to those house.
They are less than 1 km away from my house and both that display home and my house have 400 square meters area coverd and our block is bit bigger too.
While they might have wow factor we have 1 extra bathroom, 2 walkin store rooms, our room sizes are bigger and we have formal dining and living too which they dont have. But they have theatre room which we dont.
Our realtor not only advised us on the upgrades to do like hardwood floors, marble counter tops etc. but she’s also providing us furniture and lots of other decorative items for the pix and showings. It’s definitely hiked up the price even beyond our expectations so my advise would be to consider this expense as an investment.
Hardwood floors, granite counters etc are all “value adds” that give a return on the investment and do effect cost-approach appraisals…that is different, and a huge step up from just staging.
OP, since you’re in Australia, it’s a total different ball game then how we do things in the US I’m sure, however basic principals still apply so I would advise that if you can enlist the help of a stager, do it. Call around and get a few different quotes, find something in your budget (i.e you don’t have to do heavy complete rooms, or pick the most important features you’d like highlighted). It’s a small investment now that will pay off for you later.
Khatti, I think you missed the part where I said the realtor is also helping us in staging the house by providing furniture and other things. She apparently has a whole storage of such items which she uses to help her clients.
I did not miss that part, and my comment wasn’t directed at you specifically (I would have direct quoted you if it was) it was a general statement to highlight the difference.
Sorry for the confusion, I thought it was directed at me because I was the only one who brought these items up i.e. hardwood floors, granite counter tops etc
We will be putting our house on sale in 2 weeks time. There is no sales data to compare our house with. Our area consists of small average houses and than new development has big houses. Our house is in new development. there are now 2 houses on sale in our area but both are close to $100 000 more than what we are putting our house on sale for. We dont want to under sell it and at the same time do not want to be in a position where we can not sell. We want to achieve quick sale as we will be booking new land to build. but I am worried keep think that What if we can not sell at our asking price.
can you advice on how to hold my nerves in this process. is there any way how can we know exact value of our house. actually we bought our land for 190 000 and spend about 300 000 on the house. now land on sale in our area is about 320 000 for same size block and builders charge close to 450 000 for the size of our house excluding landscaping and fencing.
we have fences, landscaped, light fitting as well.
Where are you located? I can only speak on how it’s done here, so if you’re in the US, if I were in your position, and there are no solid comparables to use, I would go ahead and pay for an appraisal to be done. A buyer who is obtaining financing will be required to have an appraisal done by there mortgage lender anyway, so if you go ahead and pay to have one done before listing , at least you know you are pricing your home right and will know what to expect. You can also use your appraisal as a negotiating tool in case of low ball offers.
Thanks Khattichic. We just got g8 offer and have accepted it. We got offers within first few days. We are very happy with sale price. We only had house on market for less than 2 weeks but as we have booked lot else where we wanted quick sale.
This is first sales experience we went through. From sellers pov sales process is very stressing and tiring (due to keeping huge house clean 24 hours a day with kids and work).