Is staging your home is worth it?

Similar to having a website for a business, staging your property when the time comes for sale is the same. We see sellers leaving money on the table for not having their homes staged. Or just like if you were to advertise on google and get online sales, what staging does essentially is open up the gateway to higher conversion and engagement rates with those who walk in your door. 

Why You Should Opt for Staging

Consider a four-bedroom home worth $1,200,000 for instance. Realtor fees are in the region of 4% – 5% in fees, which stands between $48,000 to $60,000. A small amount of $4,000 to 6,000 on staging will assist in not just closing the property sale in a faster duration, but also assist in grabbing buyer’s attention which could potentially increase the value of the property.

Staging Statistics

For example, a survey conducted by the National Association of Realtors (NAR) states the following:

• 81% of listing agents say that a well prepared property makes it easier for families to buy.
• 40% of prospective buyers assert, they are more inclined to schedule an appointment to see a furnished staged house than a bare house.
• 34% of buyers have a greater appreciation of the home during a viewing.
• Staging shows buyers that the 43 percent of homeowners or buyers tends to be more forgiving making it easy for them to skip over the faults of the particular showcasing.
• Photos of the home account for a large part of how the home gets sells at 51%, while actual showing of the home gets a score of 25%. Assuming you went all out with a professional photographer and also stager the home, then I do not see how the home is not a standout.
  
  

The Reason Staging Is So Important

If one puts a house on sale in a competitive location, I would expect tons of people, even ones who have not staged the house, to pay orders above their original price. But still, in such cases I believe that it would be worthwhile to invest in it because it is one of the most important deals in your life. All said and done then, Why not invest in stile?

Here are 3 typical packages staging companies may offer home owners 

1. Vacant Home Staging

It entails designing a structure I.e a home that already is staged and in its simplest form. Most of the time, staging companies find it easier to do this because there are no current decorations or that do not have to be furnished.

2. Owner Occupied Staging

This is when the sellers or existing owners are going to live in the home with their belongings during the duration of the sale. The staging company will then assist the owner in items such as

• Decluttering is one important item that should be addressed from the beginning. This task can be overwhelming and stressful to those who have lived in a home for a long period with their personal belongings. We encourage clients to consult with professionals that can help you do everything in an ordered and organized manner 
• Removing some personal belongings such as an outdated couch, bulky wardrobes, etc. This can allow the staging company to put in a touch of freshness and updates while blending in 
• Understanding what minor updates can be done to the home is something we advise our clients on where we think there is room for ROI on specific items. An example can be accent walls, light fixtures, etc.

3. Furnishing Packages

Staging companies such as ourselves, offer a hands on service where we would assist buyer of a new home or existing home owner revamp their home and make it look like a staged property, but with their personal touch and desires in design. 

Who Pays For Staging?

Staging costs are generally determined by a realtor and a seller where the seller agrees to take off some of his/her proceeds to meet the prescribed costs of staging. A few realtors do staging too; others charge homeowners to arrange a staging service.

Closing Remarks: What’s The Profit Of Staging And Can We Afford It?

The answer is an emphatic yes! Staging works and generates a return worth the risk. Homes sell quicker, buyers make higher offers, and so on. It is the most effective method to increase the selling price of a house.