Does home staging really impact the sales price?
Home staging affects the value of your property. It can help you justify the price of your house because of its appealing effect on the buyer. Don’t be afraid to try staging your home because it will benefit you in the long run.
Imagine selling a vacant, plain, and an empty house. If you are the buyer would you be attracted to a house where you can’t even imagine living inside it? Well, if the house is really beautiful that its bare walls and canvas can leave you in awe, then sure. But how about those houses whose best feature are yet to be revealed? Or those that really need decorations to sell itself?
This is why home staging became relevant. The challenge for a seller is to sell the house as soon as possible with a very reasonable price. Staging has addressed this challenge by using art, and the skills and appreciation for interior designing as a tool to attract buyers.
49% of the buyers’ agents claim that staging increases the dollar value offered to a property between one and five percent compared to other houses. This is according to a study conducted by the National Association of Realtors (NAR). Sellers, on the other hand, claim that 29% reported an increase of one percent to five percent (1-5%) of the dollar value, while 21% of respondents stated that staging a home increased the dollar value of the home between 6% and 10% [1].
These numbers didn’t matter for some, but a lot of sellers believe in the magic of staging. This concept has been used and has spread all over the world since 70’s. If it weren’t because of its effectiveness to sell a property faster and in a higher value, the concept would have been extinct by now.
And it’s not just about the value. For those who had rented furniture, the payment for the period you borrow it will decrease. This is because you have sold your property faster than other un-staged homes. The more you invest in home staging, the higher the value of the sooner you will sell it. You must also get rid of all the old furniture, or those that take up too much space so it can be justifiable to sell the property in a higher value.
If you have a tight budget, focus on the living room, master bedroom, and the kitchen/ the dining room. Just make sure other parts of the house are neat and tidy, especially the exterior. You can strategically distribute the money in these rooms with the help of your home stager. Otherwise, you may also pay for the consultation only. The pros will give you tips and guides on how to stage on your own.
The bottom line is, you must invest in home staging because of the benefits that it can bring you. It is not just about the money that escapes your pocket, but the money that will eventually fill it after choosing for a wise and practical decision.