There was a time when new condos in seacoast New Hampshire couldn't be built fast enough. Our population here in Hampton swells from roughly 20,000 to over 100,000 in the summer months. The winters are long and cold, but plenty of folks like to keep a vacation condo here for the summer months.
But times have changed. Too many condos have been built. Builders that get stuck hanging on to multiple units need to get creative in order to sell. As a home stager in New Hampshire, I've been asked, "What are my options?"
This model condo pictured below is 2 miles from the ocean; it is harder to sell than new condos located right on the water. Being a 55+ community, this also narrows down the buyer pool. This builder needed to get creative!
- We agreed upon a budget of $7,000 for complete furnishings and staging of one unit.
- I purchased everything and designed the space.
- The builder kept all receipts and owns everything outright. (No monthly rental fees)
- When this condo sells, all items will be moved into another unsold unit and used again. This means the model furnishings can be used to stage again and again, at no further cost to the builder.
- If a buyer wishes to purchase a unit furnished, the builder can bump up the asking price and recoup the staging fee.
If you're gasping at the price of $7,000 and wondering, "Where the heck am I going to get that kind of money?" think about this: your first or second price reduction is probably going to be more than $7,000, am I right?
Another option is to work with a stager who furnishes a vacant home using rented furniture and accessories; there are monthly charges accrued. The option to sell the model furnished to recoup staging costs is not available. There would be continued monthly charges if furnishings were moved to another unit to be used again.
The vacant condo above was staged & photographed by Sue Argue of Staged First Impressions, a NH home staging company. Please call 603-926-2676 for a home staging consultation. We're here for you, NH.
Comments(43)