11 Things to avoid when preparing a condo for market in Toronto
Major Renovations for Profit – There is a common myth in Toronto that a major renovation on a condo will automatically result in a profit on the money spent on the reno. This is not always the case. If a property is dated, in bad condition, or has other issues, a major reno by qualified professionals could make sense. BUT, If you’re thinking of this option CONSULT with your REALTOR!
Using Strong Smelling Air “Fresheners” – First impressions matter when selling a condo. Many prospective buyers may be turned off by the strong smell of air fresheners in a home. Also, many Buyers may question why a strong air freshener is being used. Is it masking a mouldy smell? Has the condo been smoked in? Is there some other issue or problem with the condo that normally would be noticeable if the air freshener was not used?
Smoking Inside the Home – Most people in this day and age do not smoke and if they do, they smoke outside. Smoking in a condo creates a smell that is a major turn off for most of the prospective buyers of your condo, because most don’t smoke. Long term smoking inside the home also discolours and damages interior surfaces that will have to be fixed which costs money that a Buyer will not want to spend.
Not Tidying – Many Buyers are turned off by mess (which kills the buying impulse) and a messy condo is going to look far smaller than a tidy condo. If they perceive the condo to be smaller than it is because its messy, they won’t want to pay top dollar.
Not Cleaning – A property that is not clean will be an instant turn off for most Buyers. When selling a condo, it is imperative to keep the property as clean as possible. Hiring a professional cleaner can be a great way to get the property to the standard it needs to be at for a sale ( I have some great cleaners if you need referrals).
Allowing Clutter – Space is at a premium in most condos. A cluttered condo will feel waaay smaller than a de-cluttered property. If a condo is perceived as being small, it will be perceived as being worth less than a comparable property that is not cluttered.
Over-Personalizing – Pictures of yourself and your family all over the condo do not help a prospective buyer imagine themselves living in the home. Exciting paint colours that you may love may put people off. Keep it neutral to appeal to the broadest possible audience!
Displaying Controversial/Inappropriate Pictures/Symbols – We all have our opinions, viewpoints, and preferences. Some of these may be objectionable to a prospective buyer or make them uncomfortable. If Buyers are put off by a message or an image in your condo, there’s not a very good chance they’ll want to buy it.
Leaving Loud/Aggressive Animals in the Condo – I am an animal lover but leaving your large dog (or cat) in the suite likes to bark and jump up on people will not go over well during showings. At worst you may get a Buyer who is deathly scared of dogs (allergic to cats) that will run out of the suite screaming (I’ve seen it) or at best the prospective Buyer will be uncomfortable. Either way, this situation will not help the sale. (Just to clarify, you don’t have to get rid of your pet, but just keep boisterous ones out of the property during showings.
Buying New Large Dark Over Stuffed Furniture for the Sale – The size, shape, and colour of furniture can have a major impact on how big or small a condo feels. Large, dark, overstuffed, or tall furniture can do a lot to make a space feel smaller than it is. Best is to go with light coloured, small, sleek furniture that has lots of glass or reflective surfaces.
Leaving Repairs Undone – Most Buyers do not know how much repairs to condos cost. Most over-estimate the cost and hassle of such repairs. Repairs left undone will turn buyers off, because they think they will have to pay the cost and deal with the hassle of the repair. Hassle and cost is not conducive to the buying impulse.
At Home Leader, we pride ourselves in being specialists in resale and pre-construction condos for the past two decades. We are committed to get you top dollar. Use our services and we guarantee you’ll like the result and you will join the pool of our happy clients.