Monday, October 12, 2020 / by Breanna Thornton
Should I Spend Money on Staging My Home?
Sellers end up spending money and time to stage their home before putting it up for sale. It’s a hard decision whether to pay a professional, try and stage your home yourself, or just not do it at all. What are the benefits of staging? Is it really worth the extra effort and money?
Image from realtor.com
First, here are some statistics.
1. Staged homes spend 73% less time on the market than non-staged homes.
2. Staged homes sell for up to 17% more than non-staged homes.
3. 95% of home buyers search online for pictures of new potential houses.
4. 77% of buyers’ agents say home staging makes visualizing a future home easier for buyers.
5. 58% of sellers’ realtors believe buyers offer more for staged homes.
These numbers can almost speak for themselves! There are so many advantages that come with staging your home. But what story do these numbers actually tell?
Staged homes spend 73% less time on the market than non-staged homes.
In essence, staging a home is like dressing it up just enough to make it look nice, but not distracting. It is meant to bring personality to a home, while making it easy to visualize living in for potential buyers. Industry analysis has continued to show that staged homes sell faster and for more money. Since a buyer can imagine what a future would look like in that home, they could be inclined to make an offer faster in order to secure it.
Staged homes sell for up to 17% more than non-staged homes.
Since the staged furniture makes the house look more like a home, buyers are more likely to spend more money in order to make it their home. Staging dresses up a house to a point that can increase its value in some instances. Who knows, maybe a buyer will even ask to buy the furniture if it looks good enough!
95% of home buyers search online for pictures of new potential houses.
With so much technology at our fingertips, this fact shouldn’t be much of a surprise. There are more and more resources for looking at and purchasing houses online. Without great staging for photos, the home will not be super appealing for those looking at your home online.
77% of buyers’ agents say home staging makes visualizing a future home easier for buyers.
Putting furniture in a home lets the buyer imagine what a life could look like living there. In addition, great staging could hide potential flaws in a home. Awkward spaces can be hidden, and the best features can be highlighted. It’s the perfect way to make a good first impression!
58% of sellers’ realtors believe buyers offer more for staged homes.
How is this possible? It is the same home whether it’s staged or not, so why would buyers pay more? Put simply, a well-staged home has potential to bring more people. The aesthetic of a home is something buyers pay attention to. If there are a lot of people wanting to purchase your home, buyers will increase their offer.
The bottom line is that the money spent on staging could easily be paid back through a higher offer, or selling your home quickly! All homes and situations are different, but consider how much staging can improve your experience. We love staging homes, so reach out to us with any questions or concerns.
Header image from impacthomestagingexperts.com