Quizzes & Puzzles4 mins ago
what difference does house presentation make to sale price?
Surely the house will fetch more money (more than the cost of buying the carpets) if it's finished and looks attractive. All the other rooms are presentable and we have a lovely kitchen and living room with wood and tiled floors.
Who is right - me or the mother in law???? Thanks
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For more on marking an answer as the "Best Answer", please visit our FAQ.If this helps at all, we've been looking at quite a few houses recently & to us, basic preparation really does make a difference. If we were looking to buy your property & there were rooms with tatty / horrible colour / no carpets 2 things would immediately spring to mind:
- We would have to spend money, and even more importantly, time & energy getting new carpets in before we move any furniture in. At the very least we would use that as a negotiating tool to knock your asking price even further down.
- We would assume that if you couldn't be bothered to even put down some basic inexpensive carpeting when you're selling the house then other more important structural jobs are likely to have been ignored or bodged...
I reckon it depends where the house is.
When we sold my grandad's house it sold straight away despite the fact that it needed rewiring and had no central heating/double glazing and hadn't been redecorated in a zillion years. But it was next to the best school in the area. But, I guess if the area was less great and there were other houses for sale it might help if the house was spruced up.
Have you asked the estate agent for advice? I find they usually do give you good advice about whether to do stuff or not.
We are in the process of selling our house, and before putting it on the market we redecorated and laid new carpet. The total cost was about �500, but our estate agent reckons it's gained us anything up to �15,000 on the selling price of the house.
You have to bear in mind that while some prospective buyers *can* ignore the existing decoration and see the true potential of a house, many others can't, and will reject houses with tatty or missing carpets or shocking pink walls or other decoration abominations.
Equally, some buyers, especially first-time ones, will be stretching to afford a house and hence won't be in a position to redecorate immediately; such people will often look more favourably on a house recently decorated in tasteful neutral colours because it's something they can happily live with until they can afford to redecorate.
The brutal truth, as ian.miller says, is that it's now a buyers' market and those buyers are being picky. At best, missing or unpleasant carpeting or other issues with decoration will be levers that a canny buyer will use to knock thousands off the price of your house; at worst, people will simply ignore your house altogether and make offers on other, better-presented houses.
Both of you are right!!I had house for sale with 2 dodgy bedrooms! waited for months, had loads of viewers but no offers. Decided to put plain carpet down and have all the walls painted cream and bingo, sold.
But...the house i'm buying has quite tatty decor, I can see past that however! If you are after a quicker sale then replace the carpets!!
New carpets will increase the saleabilty of your house if not the value; you may make not make a profit if you fit them, but you will definitely widen your market. We viewed a house on Friday that had dirty and worn carpets throughout. It completely put us off because a/ the whole house would need recarpeting at considerable cost to make it inhabitable, which we could not afford immediately b/ the shoddy carpets gave the house a neglected, run down feel and we wondered what other, more important areas, had been neglected throughout the house, c/ the carpets distracted from the actual potential of the rooms. We walked away as we couldn't be bothered with the financial commitment and hassle of replacing the carpets. No doubt the house will get a buyer, but it may take longer and the market will be narrowed down to those with the spare cash and inclination to start redoing the house. I would also think that the buyer will expect a substantial reduction in the purchase price, which probably doesn't reflect the actual cost of deep cleaning and replacing existing carpet. Good luck with the sale!
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