BUSINESS
08/21/2016 11:46 EDT | Updated 08/21/2016 11:59 EDT

Home Parking Can Be A Huge Deal-Breaker If You're Selling A Family Home

For some potential homebuyers, one of the most crucial spaces isn't even inside the house.

Spacious kitchens, luxurious bathrooms and finished basements are great if you're trying to sell a home. But that won't mean squat to many buyers unless they've got a place to park their car.

"Some families won't even come out to look at the home because parking is so important," says Fatima Bregman of Re/Max Realty.

The Toronto-based realtor knows first-hand how much of a deal-breaker a lack of parking space can be: it's one of the biggest hurdles she had to overcome when selling in the city's up-and-coming Riverdale neighbourhood.

"Parking is always an issue, especially if you're trying to sell a family home," says Bregman.

But that doesn't mean you're completely out of luck — so long as you're willing to make concessions on price.

For more on how much of a price drop sellers can expect to lose out on, check out the video above.

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