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Is Home Staging Worth It? (Motley fool worth it)

Is Home Staging Worth It? (Motley fool worth it)

When it comes time to sell your house, you want to find a buyer who will appreciate it as much as you have over the years. However, they are unlikely to fall in love with walls and appliances that appear to have been well-used by your family.

You should give your room a new, fresh feel so that anyone can go in and realize the property’s potential. This is where house staging comes into play in the sales process.

What Is Staging a Home?

When potential buyers come to visit your house, you want them to envision themselves living there—to feel at ease and not like they’re in someone else’s. Too many personal belongings in the house might be distracting, yet rooms that are completely devoid of personal items can appear cold and impersonal. Home staging may be the answer.

Staging a home entails temporarily furnishing, decorating, and, in some cases, remodelling various areas to make it more appealing to potential buyers.

It is feasible to stage your own home. You can, however, deal with home staging businesses who will take care of everything for you. Your real estate agent may be able to give a discount if you hire a home staging business.

How Much Does Home Staging Cost?

The cost of staging a home is determined by a number of factors, including where you reside, the size of the house, the length of time it needs to be staged, and the scope of the staging.

Many homeowners pay between $631 and $2,304 to have their homes professionally staged, according to HomeAdvisor. Full furniture rentals for extended durations, on the other hand, can cost $6,000 or more. The average cost of house staging in the United States is $1,426.

Working with your real estate agent to assess how much staging you’ll need is an excellent idea. For example, they might recommend decluttering and replacing some crucial furniture pieces.

In other circumstances, you may need to repaint, demolish a wall, replace lighting fixtures, and more. The agency may split the cost of staging with you in some cases, but you should expect to pay the entire price on your own.

Tips for Staging

If you’re considering about having your home staged, here are some pointers on how to do it correctly:

First, have a consultation. Book a meeting with a professional stager if you’re on a limited budget and want some tips on how to stage your property.

The stager will do a walk-through of the home for a few hundred dollars, work with the realtor to understand the local market, and then outline how each room might be better presented. You are not obligated to hire the stager, and you are free to choose any of their recommendations.

Do a thorough cleaning. The last thing you want is for soiled baseboards and filthy bathrooms to detract from a well-staged property.

Have your home deep cleaned before you move in the staging items so it’s move-in ready. This is a stage that you might wish to outsource to a professional cleaning service.

Perform a sniff test. People quickly become accustomed to the odors of their own homes and don’t notice a difference until they leave for a while and return home, where something smells amiss.

A potential homebuyer stepping in for the first time may be put off by this. It’s also why, when presenting vacant homes, real estate agents bake cookies or use cookie-scented candles to make it feel cozier.

Select one or two important rooms. It might be costly to stage a complete house, especially if you hire furnishings for a few months.

However, you do not have to stage every room. Instead, concentrate on a few essential spaces, such as the living room and kitchen, so that potential buyers can imagine themselves living there.

Stage based on your budget and way of life. It wouldn’t make sense to stage a pleasant beach home with luxurious leather furnishings and pricey art pieces if you’re selling it.

A shabby-chic aesthetic, on the other hand, is unlikely to attract buyers if you’re attempting to sell a modern condo near downtown. Consider the general budget of potential purchasers and what they could be willing to pay.

Keep it simple. You don’t need to furnish rooms as extensively as you would if someone were going to live there. Instead, you want to give the house a certain aesthetic and a welcoming atmosphere.

Keep the number of stuff in each room to a bare minimum and away from the walls. Use sparingly to decorate the walls and shelves. Use light, simple colors to help open up the room if you decide to paint the walls.

Benefits of Staging a Home

It’s worth considering having your property staged for sale, even if it’s a bit pricy. There are several advantages to staging, including:

Make your listing stand out on the internet. With so much competition, it’s easy for your home to be buried in the sea of postings on the internet.

It’s critical to make every effort to stand apart. Professionally staged homes are more appealing to potential buyers and might entice them to consider your home even before they see it in person.

Make your home feel like a dream. It’s critical that a home shopper fall in love with the property they eventually purchase.

By setting your property, you may help buyers form an emotional attachment to it. Professional color schemes, clever layouts, and surprising elements help buyers generate pleasant feelings about the area and visualize themselves living there.

Show how to make advantage of excess space and unusual floor plans. It’s difficult to see how a room may be used when it’s fully vacant. This is especially true if the layout is odd or the features are outdated.

Staging can assist buyers in recognizing a room’s potential and determining how to maximize its value. Furthermore, vacant rooms can appear smaller than they are; staging can make them appear larger.

The selling price should be raised. If your house has been on the market for a while and you’re thinking about lowering the price to help it sell, consider staging it instead. Staging not only speeds up the selling process, but it may also result in a higher sale price.

Drawbacks of Staging

While home staging may help you sell your home more quickly, it comes at a high price. Furthermore, if your property stays on the market for longer than expected, the cost of rental furniture may exceed your budget.

Keep in mind that if you don’t have another location set up yet, you’ll need to keep your possessions somewhere else as well. That involves extra storage fees on top of the staging, as well as possible rent payments.

Home staging is a time-consuming procedure, especially if you plan to do it yourself, in addition to the financial cost. It may be as simple as swapping out a few pieces throughout the house to complete your staging.

It may, however, necessitate some hefty improvements. Hopefully, your work and effort will be rewarded with a higher selling price in the end, but there’s no assurance. It’s a bit of a risk.

Is Staging Worth It For Me?

Home staging necessitates an initial outlay that may or may not pay off, but it frequently does.

According to a survey conducted by the National Association of Realtors in 2021, more than 80% of real estate agents representing buyers said staging made it simpler for their clients to see themselves in the home.

Home staging, according to 23% of agents, resulted in a 1% to 5% boost in offers when compared to similar houses that weren’t staged.

Staging your home can also help you sell it faster. Homes that have been staged spend between 33 percent and 50 percent less time on the market, according to HomeAdvisor.

That means not just obtaining the cash of a house sale sooner, but also spending less money on other costs like a rental or storage unit while you wait for the sale to close.

Other Options to Consider

There are several additional options to consider if you don’t want to spend the time and money staging your house but still want to boost your chances of a successful sale.

Concentrate on decluttering. A good decluttering session can help you sell your property more quickly. When you have kids or dogs, it’s understandably difficult to keep up with this, so consider hiring cleaning services on a temporary basis.

Concentrate your efforts in high-traffic areas such as the doorway, living room, and kitchen. Donate any stuff you don’t want to keep and organize the rest of your belongings into drawers and closets.

Give your house a new look. Focus on relatively quick and easy solutions to liven up your home rather than a full staging.

Give your walls and baseboards a new coat of paint; replace the backsplash in your kitchen; and improve the cabinet hardware in your bathrooms, for example.

Select a virtual staging option. You can have your home virtually staged if you don’t want to go through the hassle of physically staging it.

A graphic designer will photograph empty rooms in your house and then generate realistic photographs of fully arranged interiors.

Depending on the firm, your location, and how much design is involved, virtual staging can cost anywhere from $39 to $199 per room.

Don’t overlook the importance of curb appeal. Improving the appearance of your home from the exterior might also assist entice purchasers.

Consider repainting the front door and trimming the hedges, as well as planting a few flowers and pressure washing the driveway and garage door.

There are a variety of techniques to arrange a home to help it sell faster and for a higher price. Whatever steps you take, remember that you’re attempting to make the visitor feel at ease.