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How Much Will It Cost to Sell My Calgary, AB Home?

Posted by Justin Havre on Thursday, June 22nd, 2023 at 7:32am.

How Much Will It Cost to Sell My Calgary, AB Home?Selling a home in Calgary is not merely a matter of setting a price and finding a buyer. The process involves several elements, each with its unique cost implications. As a homeowner, understanding these financial components is pivotal to properly evaluating your property's worth and making informed decisions. From improvements and staging costs to moving and home inspection charges, we uncover the real price of transforming your 'For Sale' sign into 'Sold'.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

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Small fixes can significantly change how buyers view a home for the better without adding too much to the final selling costs. These touch-ups can include repainting walls to a neutral colour, tightening the screws on cabinet hinges and door knobs, fixing small holes and cracks in the walls, and changing lightbulbs to new ones with a higher wattage. It's possible to make these home repairs yourself, and it would only cost as much as a spackle, a screwdriver, or a box of lightbulbs, assuming you don't already have these things.

The most expensive of these fixes is repainting walls. It will cost you roughly $2–$3 per square foot of wall, meaning if all the walls in a 1,200-square-foot home must be painted, it could cost between $3,000 and $5,000.

Large Fixes or Improvements

It's important to consider whether making larger fixes or improvements will be worth increasing the home's value. Buyers may still be interested in a house that needs a few fixes if the price is right, but on the other hand, making big changes or fixing your property can even increase the value of your house.

Large-scale fixes could include installing more modern cabinets in the kitchen, renovating the bathroom, replacing carpeted flooring with laminate or hardwood, or even fixing the roof. New roofing can cost $11,000 or more, depending on how large the roof is and the quality of the new roofing materials.

If the home needs large-scale repairs or replacements, keep the documents associated with these changes. This way, the information will be easier for buyers to access to know what the price of the home pays for.

Hiring Professionals

There are various professionals you can hire in the interest of not only increasing the ROI of your home but selling it as well. Professionals, from handymen to real estate agents, can help with the above steps, and it's important to consider whether you want to invest in their services or try to save money by doing these tasks yourself.

Professionals you may consider hiring when selling your home include the following:

  • A maintenance person or contractor to make small or large fixes: $100 per hour, depending on the job
  • A home inspector to find out what repairs need to be done: $400–$600
  • A home appraisal to get an estimate of the house's value: $300–$500
  • A landscaper to improve the look of the yard or yards: $25,000 on average
  • A photographer to take pictures of your home: $150–$350
  • A staging company to arrange your furniture: up to $12,000 for one month
  • A uHaul to move your furniture: $29.95–$39.95 + $0.99 per km
  • A moving company, if moving within Calgary: variable, depending on the moving company

This is not a complete list, but if you want to sell your home without an agent or would like help making it the best it can be, any or all of these services may benefit you.

Hiring a real estate agent is not included in this list because the services they provide to sellers are difficult to summarize quickly. However, the value of an agent cannot be overstated. The money spent on hiring an agent will go toward every role they play in the sale, including comparing the price of your home to similar homes that have recently sold, listing and advertising the property, and even negotiating sales with buyers. A real estate agent can do the job of many of the above professionals at no extra cost. What's more, the fees you pay may be negotiable with the real estate agent and could depend more or less on the commission from the sale.

Selling Your Home in Calgary

Overall, the true price of selling a home in Calgary will include several costs, so sellers must thoroughly research and prepare to avoid unexpected financial surprises. With careful planning, informed decision-making, and the help of experienced real estate professionals, selling a home in Calgary can be a rewarding experience.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

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