NH Home Staging FAQ - Should I Make Improvements Or Offer An Allowance?
Today's buyer wants a move-in ready home.
They don't have the time or interest in making improvements.
When given a choice:
1. moving right in with colors that are warm and neutral
2. being able to choose the paint colors themselves after moving in
Buyers choose #1 ...they don't want to pick colors, find a painter, be delayed moving in waiting for the painter to finish, or worse - live with the painter coming and going.
Being able to choose the type and the color carpet after moving in isn't such a great thing when you consider having to take the time to select the carpet (comparing price and quality), wait for installation, and then make sure someone is home to meet the installers.
Buyers will choose "appealing" over the hassle of "needs work" hands down.
The vast majority of people can't visualize. If they don't like something about your house, having a $2000 allowance to change it, won't make a difference. They are incapable of imagining it changed!
Walls that need painting and carpets that need replacing suggest a lack of maintenance. A buyer's perceived value of your house drops considerably when there's an allowance because they are wondering what other areas have been neglected.
Should you offer an allowance? My answer is make the improvement, whenever possible.
The cost of improvement is always going to be less if you take care of it prior to listing your house.
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