The price difference home staging can make
There used to be a time when all you had to do was clean your home, straighten things up, list it for sale and attract buyers within a matter of weeks. However, the world of home sales has drastically changed since then. All in all, real estate space has rapidly risen to incredible heights. Moreover, the businesses, markets, industries, and sectors that support real estate have also experienced massive growth. That said selling your home in the modern era is not as simple as it was in years past. There are several factors and considerations to keep in mind when you are preparing to sell your home. One such important consideration is professional staging. In fact, every serious seller must consider getting their home professionally staged. Let’s look at the price difference home staging can make and the tangible benefits.
What is home staging?
Let us start by exploring what exactly home staging entails. Simply put, professional staging is the process of making your home more inviting to potential buyers. This is achieved via the use of rental furniture, paint, and artwork. The ultimate objective is to allow potential buyers to visualize themselves living in the space. The nature and magnitude of home staging services range greatly from minor staging to more comprehensive makeovers including new fixtures, paint, and furniture. It is essential that your home stager has a piece of in-depth knowledge of interior design.
How much does home staging cost?
The cost of home staging depends greatly on several factors. To start with, the property market and the nature of the services you require will have a major bearing on the cost of your home staging. The cost of home staging could be a minor fee for a consultation or as significant as a percentage of the purchase price. While this may seem like an exorbitant fee, keep in mind that it is part of the marketing aimed at helping sell your home.
When should you stage your home?
In spite of the associated benefits home staging is not for every property. That is to say, professional staging makes the greatest impact on homes that are unoccupied or homes that have outdated furnishings and paint. This is generally due to the fact that empty homes tend to appear smaller. In addition, the lack of furniture means there is nothing to hide or disguise the property’s negative aspects. A professional stager will bring in rented furniture to help make your home more attractive and clearly define spaces. This is essential to help potential buyers visualize living in space and how to decorate and style the space.
The impact of staging on the purchase price
On average, professionally staged homes tend to stay on the market for relatively shorter periods than unstaged homes. As such, professionally staged homes sell faster and have a reduced time on the market. Needless to say, this is crucial is you’re selling in an expensive area as this leads to substantial savings in mortgage payments. However, it is difficult to fully evaluate the impact of a professionally staged home on the purchase price. Although professional home staging does not necessarily translate into a high purchase price, it does help expedite the sale of the property.