Real estate is one of the most dynamic parts of our economy. According to a BMO Financial Group report, 80% of prospective buyers know if a home is right for them within the first few seconds of stepping inside.
When selling a home, each dollar you invest in staging the home could yield a profitable return. Buyers may be willing to pay more if a home is presented aesthetically appealingly. Yet many people getting ready to sell their homes wonder if such an investment is worthwhile.
How Much Does It Cost to Stage Your Home?
The average price for staging a home varies depending on the region. It could be as high as $5,000 or as low as $1,000. Plus, staged homes spend 73% less time on the market than their unstaged counterparts, saving you more money in the long run.
Does Staging Your Home Boost Its Value?
Staging your home does not ensure a return. That said, three-fourths of homeowners report an increase in the sale value of their homes.
Home staging works because it considers the wants and needs of buyers and taps into their emotions when searching for a home. 81% of buyers say home staging makes it easier to visualize the property as their future home. Moreover, home staging increases the perceived value of a home. Buyers are willing to spend 1% to 5% more of the dollar value on a staged home than a non-staged home. A survey by Coldwell Banker RealEstate Corp. found that staged homes sell for more than 6% above the asking price!
Does Staging Affect the Home’s Time on the Market?
The Real Estate Staging Association compared how long homes took to sell after hitting the market. For homes that were staged, it took an average of 40 days to find a buyer. On the other hand, without staging, it took about three times longer for a buyer to choose the house.
Is Home Staging Worth It?
If staging creates the buzz that brings in offers above your asking price then your money is well spent. The Staging Place has furnishings, art, decor for rent as well as accessories for rent that will give your place the “WOW” factor!
We offer affordable staging packages to fit everyone’s needs from a home consultation to fully furnishing a vacant property. Contact us today to arrange your consultation or staging service.
In conclusion, Home Staging Is Worth The Cost!