Home staging has become a standard in the real estate industry because it has proven beneficial for selling homes quicker and for top dollar. Statistics from the National Association of Realtors show that staged properties sell 73% faster as compared to non-staged properties. Furthermore, the statistics indicate that staged homes generate an 8-10% return on investment.
If you’re new to the real estate industry, you may be wondering who uses home staging services and what kind of benefits they offer. In this article, you’ll learn what home staging is, who needs home staging services, and how you can benefit from home staging services.
Home staging entails preparing a home for sale so it appeals to the maximum number of potential buyers. Typically, staging a home will involve deep cleaning, decluttering, adding furniture, depersonalizing the space, and adding décor to make it as appealing as possible to potential buyers.
Anyone selling a home, whether it be a homeowner or a real estate agent, should consider using home staging services. Both homeowners and real estate agents should consult with a professional home staging company before listing their property. Professional stagers will evaluate the home’s marketability as well as its unique features and ensure everything is picture-perfect before listing the property.
How Can Sellers And Real Estate Agents Benefit From Home Staging Services?
- Faster Sale
Home staging offers incredible benefits that make the investment worth it. First, staging a home helps the seller or realtor sell the property faster. With today’s extremely competitive housing market, simply listing your property and hoping for the best is a bad idea. Your property can easily become a stale listing and give you headache down the road. Going the extra mile to stage your home will significantly decrease its time on the market. According to data from the Real Estate Staging Association, non-staged homes stayed on the market for an average of 143 days. But once these homes were staged, they sold in 40 days. A wide range of real estate surveys have found that staged homes sell more quickly. Therefore, as a seller or realtor, staging your property will reduce the time your listing stays on the market.
- Higher Sale Price
Staging is about showcasing a home in its best light to enable prospective buyers to imagine themselves living in the home. Giving your home a sophisticated look with well-arranged furniture and timeless décor makes your home appealing to most buyers, which translates to more and higher offers. According to data from the International Association of Home Staging Professionals shows that staging can increase the sale price of a property by up to 20% on average. This percentage may seem like a small number, but when applied to a figure like $800,000, you’ll realize that it could mean a lot of money. If you’re looking to sell your home for the highest price possible, you should consider having your home staged. Although paying home stagers upfront may seem a little counterintuitive, many studies have shown that it is definitely a smart investment.
- Adds Value
When you put your home on the market, you should make sure that it’s appealing to prospective buyers. This means depersonalizing the space as much as you can, fixing what needs to be fixed, improving the curb appeal, and so much more. The goal of home staging is to make your property appealing to the highest number of potential buyers and make it possible for them to visualize themselves living in the home. When you stage your home, you’re instantly adding value to the home. Everything from removing clutter and cleaning the surfaces to undertaking minor repairs and redecorating the space adds some value to the property. According to NAR’s 2021 Profile of Home Staging, staging a home on the market increases the sale price of the home by 1-10%.
- Generate More Listing Interest
When you stage your home for sale, its best features are highlighted, making it eye-catching. This will attract more buyers, even before they see it in person.
Who Needs To Use Home Staging Services
- Homeowners and real estate agents looking to sell their property faster and for a higher price
- Any seller or realtor whose listing has been sitting on the market for months and they’re not getting offers
- Anyone who wants to get the most out of their listing
Is Home Staging Worth It for Me?
Although it comes with a number of costs, having your home staged is worth considering. When you work with a professional home staging company, you’ll be able to avoid the common home staging mistakes and reap the benefits. If you have plans to sell your home in the near future, it would be a good idea to consider using a professional home staging company. Home staging can help you sell your property faster and for the best price.