Is it worth staging a cheaper home?

So your dilemma is whether to stage your cheap home or not. But before going over the pros and cons, you should realize that selling a property is something that you must be fully prepared for, and it’s also the same for the buyers. People nowadays are well-researched, fully-informed, and wise especially when buying a property.

So why do you think your home is cheaper than other houses for sale?

Because you have old furniture and outdated appliances.
Because your house looks uninhabitable or unready to be lived in.
Because there are things that needed fixing, replacing, etc.
Because there are better-looking houses in which buyers don’t mind spending a little more money too.

You may think cheaper things sell faster, but it is not the case when it comes to selling a house. Buyers tend to be really picky, especially because buying a house is a big thing for them. And this is not just because of the money that they are going to spend, but also because of the possibility that the house will be their shelter for a very long time. After all, what we want is a lovely house, don’t we?

A staged home may increase its value by 1-20% according to 58% of the sellers’ agents from the National Association of Realtors’ 2017 study [1]. Remember that the listing price can change and many factors can affect it.

When your house takes longer in the marketplace than you expect, the lower the profit will be. In selling a property, your goal is to sell faster in a good a price. And how are you going to make your cheap home that can potentially sell itself faster, or maybe create some bidding wars?

Home staging is the key. Most people’s common misconception of staging is, it is something impractical or a waste of time, money, and effort because you while you are selling your house, you are also going to spend money on staging.

Home staging is actually a very good investment. In an interview by Vanessa McGrady from Forbes to Betsy Wilbur, a professional stager, Betsy claims that “a staged home will sell for 17% more on average than a non-staged home, and 95% of staged homes sell in 11 days or less. That is statistically 87% faster than non-staged homes.” [2]

Staging can make your house a lot more presentable than other unstaged houses for sale. It can increase curb appeal which is key to attract buyers. Once your house is instagrammable enough in pictures and in person, buyers will overlook the small imperfections. You see, staging conceals and highlights. Much like putting makeup on your face.

Have a tight budget? You can always pick rooms to stage. Your hired professional stager will make certain rooms standout. You just have to obey when your place needs tons of decluttering, especially the old and the worn out stuff. The thing is, stagers will remove anything that will overcrowd a space, particularly personal things, repaint, and reorganize to give the house a brand new vibe.

As what I have mentioned, staging is an investment. You sell your house faster, you make a profit out of it, and you basically win at life. Yay!

1:https://www.homestagingresources.com/2017-home-staging-statistics/

2:https://www.forbes.com/sites/vanessamcgrady/2015/11/04/staging/#399c06c450c9