Posted by Sara MacLennan on Wednesday, May 21st, 2014 at 2:06pm.
Edmonton lofts are some of the most sought-after types of real estate in the city, as they are in many other cities across Canada. The historic origins of the loft reach back to impoverished artists, and this cool factor has come to make lofts a trendy, eclectic, and unique space to live in, especially when considering lofts with exposed concrete and other rustic details. Many homeowners make mistakes when trying to sell their lofts, however, which often causes them to think just the opposite about these kinds of homes. Here are the top three ways to NOT sell your loft in Edmonton.
Overpricing Your Loft
Though the uniqueness of many lofts will bring in buyers who are willing to perhaps pay a premium in order to get a home that is unlike anyone else's, homebuyers are very educated in today's real estate world. This means that, although you may have a beautiful and "one-of-a-kind" loft, you need to be realistic in what you are asking for the loft. Lofts cater to a specific segment of the market, and should therefore be priced accurately in accordance with the other lofts in the building, as well as the area. Make sure you have recent and comparable loft sales to support the price you're asking for.
Since lofts by nature tend to have a lack of defined spaces, and can often combine the kitchen, bedroom, and living area into one large space, it becomes increasingly important to add definition to the space through organization. A loft that is cluttered and disorganized can easily begin to resemble something like a messy dorm room. Storage solutions are essential to ensuring that your loft shows well, and also ensuring that the prospective buyers get a sense of tidiness and togetherness when they step inside your front door.
Furniture: Too Much or Too Little
For the same reason mentioned above, the furniture you have in your home and how you have it arranged becomes increasingly important when selling a loft. Because most homebuyers seek out lofts for a sense of openness, you want to ensure that your furniture isn't taking away from this aspect. Having too much furniture can easily crowd the space and make it feel small, while having too little can make it feel sparse and uninviting. Also ensure that you pay special attention to how your furniture is arranged to emphasize organized areas and the functionality of a live/work space in the loft.
Whether or not it comes down to having your loft staged to achieve the sense of organization and functionality that might be needed, you'll most certainly benefit from a good conversation with your Real Estate Agent. Ensure that you find out exactly what the market is doing before putting your loft of the market, and do your due diligence to ensure you don't make the first mistake of overpricing your home. As long as you do your research and take some time to organize your space properly, you should experience the benefits of selling your loft - and fast!
Next Up: Get a free evaluation of your loft.