Top 10 Reasons You Should Professionally Stage Your Home
1. You Will Make More Money.U.S. Housing and Urban Development reports that a staged house sells, on average, 17% higher than a non-staged house.
2. Your Home Will Sell Faster. And you’ll have less headaches and hassle. The New York Village Voice reported that the average number of days on the market for a staged house was 13.9 versus 30.9 days for a home that wasn’t staged.
3. The Cost of Staging Doesn’t Cost a Dime. . . In a 2003 HomeGain Survey of over 2,000 Realtors it was discovered that sellers who spent up to $1,000 staging their home recovered almost 200% of the cost in the sale of their home.
4. Most Home Sellers Cannot View Their Home Objectively. If you can’t see objectively, you can’t “package” effectively. Have a staging professional give you a detailed enough report based on their extensive knowledge and training to have you “Do It Yourself”.
5. Only 10% of Homebuyers Can Visualize the Potential of a Home. That’s why staging a vacant home is critical! You don’t want the benefits of your beautiful home left up to the buyer’s imagination.
6. The Money You Make is Tax Free.Take advantage of your tax-free capital gain by getting every dollar you can in the selling price of your home.
7. The Cost of Staging a Home is Less than a Price Reduction.Most Staging Consultations cost less than $500.00 – a price reduction is always going to cost you more.
8. Staged Homes Often Have Better Appraisal Values.
9. Staged Homes are Viewed by Buyersas “well cared for” and in “move-in condition”.
10. Staging is Tax Deductible. It is considered a Sales Related Expense.
Your Return on Home Improvement Investments
(2003 HomeGain Survey of 2,000 Real Estate Agents nationwide)
|
Improvement |
Typical Cost |
Increase in Sales Price |
Average Return |
Agents who Recommended |
|
Home Staging |
$212 - $1,089 |
$2,275 - $2,841 |
169% |
76% |
|
Lighten & Brighten |
$86 - $110 |
$768 - $935 |
769% |
84% |
|
Clean & De-clutter |
$305 - $339 |
$2,093 - $2,378 |
594% |
91% |
|
Fix Plumbing Fix Electrical |
$338 - $381 |
$922 - $1,208 |
196% |
63% |
|
Landscaping |
$432 - $506 |
$1,594 - $1,839 |
266% |
72% |
|
Kitchen Upgrades Bath Upgrades |
$1,546 - $2,120 |
$3,823 - $4,885 |
138% |
83% |
|
Repair Flooring |
$1,531 - $1,714 |
$2,267 - $2,589 |
50% |
62% |
|
Paint Exterior Walls |
$2,188 - $2,381 |
$2,907 - $3,233 |
34% |
57% |
|
Replace Carpeting |
$2,602 - $2,765 |
$3,585 - $3,900 |
39% |
65% |
Survey found that moderately priced home improvements, ranging from $80 - $2,800 made in preparation for sale actually yield the highest returns when a house is sold.