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Calgary Housing Market: Will Buyers Have Less Money for Renovations?

July 12, 2014 (posted by Jennifer Campbell, Home Staging Calgary)
I recently read that home buyers are making bigger down payments on their purchases. In the currently hot Calgary housing market, this could suggest that, in the end, buyers will have fewer funds available for renovations once they move in. All the more reason to stage your property for sale.
 
Costs to purchase real estate are on the rise. According to a recent Globe and Mail article,
 

“Mortgage insurance premiums are set to rise by about 15 per cent on average, effective May 1. They vary depending on the size of the borrower’s down payment, but generally add thousands of dollars to the cost of a mortgage.”

 
So if buyers are trying to avoid the increased premium, they are choosing to come up with the extra cash to pay at least 20% down payment. If they don’t have the cash, they are seeking help from other sources (like borrowing from parents).
 
If a potential buyer is viewing your property for sale, you want to keep this cash flow issue in mind.
 
Let’s say they need to buy a property that doesn’t require any money for renovations. And the property you are listing is not brand new. How do you help the potential buyer quickly see that your home will work for them?
 
Staging!
 
Does this room look familiar?

Before: Kitchen before home staging.

 
See the difference professional home staging makes.

After: I love this stunning new white kitchen with stainless steel appliances in the kitchen in Acadia we just staged.

As a professional home stager, I am so excited every time I turn a home into a stunning listing that potential buyers fall in love with. Every property deserves to be shown at its best. And every seller deserves to make the most of one of their largest investments.
 
Does this room look familiar?

Before: Bedroom before home staging.

See the difference professional home staging makes.

After: This dining space is perfect for enjoying family meals or entertaining guests.

My staged properties sell fast! Ask me about it.
 
Our calendar is getting full! Contact Jen at Set Your Stage today to schedule your free Home Staging Assessment so that you can make the most of the hot Calgary housing market too!

 



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