How pets can reduce the value of your home
Expect a huge cleaning bill or a lower sale price
Advertisement
Expect a huge cleaning bill or a lower sale price
→ Clean the place, especially any rugs or carpeting, thoroughly before putting the home on the market, which may mean calling in professionals. And don’t forget the air vents. Once the house is clean, keep it that way.
→ Pet owners often don’t notice the odours caused by their animals, so it’s best to ask your broker or friend if odours are noticeable.
→ If animals have urinated in the house, replace the affected carpeting or flooring, eliminating the odour at its source.
→ Ideally, remove pets from the home while the house is on the market. If that’s impractical, either take the pets out during showings or keep them confined in a small room or crate.
Santoyo added that pets also can be a distraction. Some people are phobic about animals. Others adore them. Either group can have a hard time ignoring a pet if it is wandering around the home. “Do you want a buyer playing with your cat for 15 minutes or seeing the best features of your home?” he asked. To help you get highest sale price for your home, consider spending money to fix the problems. “It may not be cheap,” says Ciszek, “but it will make money for you in the long run.” As a way to illustrate his point, Ciszek states that an animal-damaged home is like a home that hasn’t been updated in 30 years. Scott estimates that for every dollar a potential seller will need to spend to clean or remediate a pet problem, they’ll reduce their bid price by $2 to $3. For example, if it would cost $10,000 to replace the floors the buyer will reduce their offer by $20,000 to $30,000. “If you want to achieve maximum value on your home sale, it’s best to correct the flaws yourself, rather than offering credits to the buyer,” added Scott.Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
yeahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh, with 60% of people owning pets, this is a bit fear mongering. Yeah, you might get less hits, or may not get a few thousand less, but we sold our home that had 5 cats and 2 dogs and sold it within a weak for full market value.
This is akin to the realtors who PANIC about you now moving all your stuff into storage and showing the house like a neighborhood “demo” house. Realistically, you may sell in a month or so longer, or lose a few bucks, but by the time you spend paying thousands to professionally clean a house multiple times over the summer sale time, and replace every bit of damage, you’re about even.
We are looking at a house that had 3 cats and 3 dogs. It is extremely filthy – carpets, walls, HVAC – so I don’t believe this is fear mongering. As stated in the article, it depends on the perspective and mine is coming from a buyers. Only considering the house because it is our dream location, but only considering the house beginning with a very low-ball offer. I’d say it also depends on the pet owners and how much they kept up the property – the one I am seeing was very poor.