Staging a house is an essential marketing tool sellers have at their disposal. A home that has been staged makes a potential buyer feel more emotionally connected to the property by drawing attention to the home’s best features while downplaying its flaws. Purchasers can imagine themselves living in the property, which leads to a larger pool of possible buyers and a shorter amount of time spent listing the home for sale.
However, staging your property is an investment that requires financial resources. It goes without saying that the return on investment (ROI) ought to be reasonable. Our guidelines for home staging costs present essential information you should evaluate as you prepare your house for showings.
How Much Should You Expect to Spend in Home Staging Your House?
Are you curious how much it will cost to stage a house? When deciding on house staging, you should consider how quickly comparable properties in your neighborhood sold, the condition of the homes, and the amount of time they spent on the market.
The price of home staging can vary greatly depending on the local market and the services utilized. The staging of a property owner-occupied property is very different from that of a vacant home.
According to the National Association of Realtors (NAR), a good general principle is to spend a little less than or around 1 percent of the home’s appraised value on vacant staging for staging to complement the luxury level of the house.
If you choose to stage only some of the rooms in your home, you can avoid blowing your budget entirely on home staging. According to the National Association of Realtors (NAR), the living room is the room that is staged the most frequently (93 percent), followed by the kitchen (84 percent), the master bedroom (78 percent), and the dining room (72 percent).
Which Factors Affect the Cost of Home Staging?
Do you want to find out the cost of staging a home? Key factors are used in determining the prices of staging your home.
A home stager’s goal is to accurately gauge your house’s current overall state and advise on the optimal improvements to obtain the best resale outcomes. The initial consultation includes a comprehensive property appraisal and a lengthy summary of recommended repairs, design and furniture upgrades, and paint colors.
- Condition of the home
Your expenses for house staging will be determined mainly by the condition that your property is now in. For instance, is there a lot of clutter in your house, or is it clean? Is the place occupied by a tenant or the owner? Are the repairs done to the house up to date? The changes that you decide to make to your home in response to the recommendations made by your stager will determine the course of your home staging journey.
- Styling of the house
How you style your home will determine how much home staging will cost you. If you want a restyle, your home will be staged using the furniture and accessories already there. However, to make space for rental home goods, some homeowners empty their homes of some or all of the items currently located there. The total price will vary depending on how much or less you stage.
- Organizing and decluttering
During your consultation for home staging, you will be given suggestions on how to best prepare your home for showings. Getting rid of clutter and organizing rooms will likely be a part of this preparatory work. You can do this alone or have the staging company take the initiative here.
- Installation, style, and delivery
Styling is an essential component of the staging process to have a unified appearance. Talk with your home stager about the pricing differences between staging key rooms and staging the entire property.
The budget for home staging prices will be impacted by your choice of furniture and decor rental, as well as installation in your home. The number of resources required to stage your property will directly correlate to the project’s total cost.
A home staged elegantly needs to be represented accurately in online listings. Once the change is complete, several home staging businesses provide photographic packages that include a professional photo shoot of the space. These photographs may be utilized on virtual listings as well as other potential avenues of marketing.
- Rental plans
When you rent home staging essentials like furniture, paintings, and accessories, you must often sign a contract outlining the minimum rental duration. It may be weekly or for a more extended time and will need to be accounted for in your study on “how much it costs to stage a house.”
Who will Pay for the Home Staging?
The arrangement between the seller and their agent will dictate who is responsible for paying the costs associated with staging a home before it is put up for sale. Ask your real estate agent for their opinion on whether or not the professional staging of your property would be beneficial. Before hiring, ask your real estate agent what they offer (or don’t) for in-home assessments and staging. Feel free to discuss the costs that will be divided.
In their 2019 Survey of Home Staging, the National Association of Realtors (NAR) found that 18 percent of sellers cover the expenses of home staging out of their pocket before offering their house for sale. Twenty-six percent of real estate agents say they are willing to stage a home directly on behalf of the seller, whereas only fifteen percent of agents use a professional home staging firm. Seventeen percent of real estate agents provide their clients with a home staging solution.
Is Home Staging an Ideal Decision Depending on the Cost?
The return on investment (ROI) statistics for home staging are encouraging. When seen from the point of view of potential buyers, 83 percent of buyers’ agents reported that a staged property produced an environment in which prospective buyers could imagine themselves living.
Forty-three percent of buyers’ agents said how a home was staged influenced how their clients viewed the property. Compared to comparable unstaged homes currently on the market, one in four buyers’ agents found that staging a property raised the offer value of the house by between one and five percent.
When comparing staged homes of the same value to unstaged homes of the same value, 22 percent of sellers’ agents indicated a value gain of up to 5 percent higher for their client’s properties. Seventeen percent of sellers’ agents reported an enhanced dollar worth of between 6 and 10 percent in a home that had been staged.
Staging a home can improve its selling price and reduce the time it spends on the market. You should have an initial meeting with a home stager to assess whether or not staging is appropriate for you and to get an estimate of the costs associated with house staging.
Can I home-stage the whole house?
It is entirely up to you whether or not you stage the entirety of your home. Some homeowners stage their entire properties, while others focus only on individual areas. Staging can be beneficial for vacant homes because the absence of occupants highlights flaws in the structure.