Home staging helps your home stand out from the competition when it’s time to sell. With the proper staging, you can invest a little bit of money and gain a huge return when you sell. Not only can you sell your home for a higher price with staging, but you can also sell it faster.
According to the Real Estate Staging Association, homes staged for listing pictures and before going on the market will sell 73% faster than a non-staged home. If you want to get your home sold fast, you should understand what home staging is and why it’s important.
What is Home Staging?
The real estate market offers plenty of competition and standing out above the other homes for sale gives you a better chance of finding the right buyer fast. While some sellers try to beat the competition by offering a lower price, this is not a strategy you want to employ, if selling your home for the highest possible price is the goal.
Making home improvements before selling can add to the property value, but may cost tens of thousands of dollars. In addition, you may not even attract buyers due to the property improvements you made.
However, when you stage your home, you will be making your home more attractive to buyers. Home staging is a bit like putting on the nicest dress possible for your home. It’s simply the art of preparing your home for sale by improving the flow, eliminating clutter, and making your home appear brighter, bigger, cleaner, and in the best possible light.
With a large portion of buyers starting their search online (95% according to the National Association of Realtors), it’s more important today than ever before to stage your home. A non-staged home will provide far worse pictures online than a staged home. With a staged home, an online viewer can get a sense of what the home can be and what it offers.
How Will Home Staging Benefit You
When you choose to stage your home, there are specific benefits you will gain from home www. The main two benefits are pretty simple: sell your home for more money and sell your home faster. In addition, staging your home will provide the following benefits:
- Better online listing photos
- A home that will show better
- Increased chance of selling the home
- Provides the impression of a well-maintained home
- Every room will have a purpose
- Helps with the packing process
- And More!
There are numerous benefits to staging your home and it can certainly help you sell your home faster and for a higher price.
How Much More Can You Sell For With Home Staging?
The return on investment with home staging can range anywhere from 1% to 20%. According to the National Association of Realtors report, only 14% of REALTORS didn’t feel like staging had any type of impact on the final selling price of a home and 58% of sellers’ REALTORS believed buyers offered more for a staged home compared to a non-staged home.
When you look at the cost of staging a home compared to the possible return, it just makes sense. According to Kiplinger.com, home staging will cost $1,800, on average, but can range from a few hundred dollars to $5,000 or more. The cost of staging depends on the size of your home and your location.
However, even if you spend a few thousand dollars to stage a $350K home and it nets you an offer worth 2% more you’ll sell your home for $7,000 more. That may not seem like much, but the possibility with staging can go up to as much as a 20% boost in the offer, which would mean you sold the same $350K property for an additional $70K!
Whether you go all out with your staging or you decide to do minimal home staging, it has the ability to pay off in the end. Every single day your home is on the market is another stressful day you have to worry about whether it will sell when it will sell, and for how much it will sell.
Instead of worrying about your home selling, hire a professional stager or take on the project yourself and get your home sold faster and for more money.