What is Staging?
Staging is the activity or practice of styling and furnishing a property for sale in such a way as to enhance its attractiveness to potential buyers.
When real estate agents propose to stage your home, they’re referring to preparing your home prior to listing it on the market by temporarily furnishing and decorating (sometimes even renovating) various areas to enhance it’s visual appeal.
According to a study by the Real Estate Staging Association, staged homes spend 73 per cent less time on the market than their un-staged counterparts. Truthfully speaking, even an un-staged property can sell under the right market conditions.
Benefits of Staging
- Appearing clean and in better condition: Staged homes have the benefit of looking well maintained, reducing clutter and often come across as needing less repairs.
- Helps prospective buyers visualize living in the home: With the additional furniture and decor set up, it makes it easier for the buyers to see and imagine themselves in the home which ultimately leads to a higher selling price.
- Less time on market and increase the selling price: Staging not only tends to spend less time on the market, a staged property could end up selling higher than expected.
Downsides of Staging
- Cost/Expenses: The median amount spent on home staging is anywhere between $1500 to $5000 depending on the size of your home, time of the year and duration of period.
- Your Timeline: Staged homes usually take longer to get on the market due to the planning and moving. If you’re in a rush to sell, this may be an issue.
Bottom Line
Staging your home can have advantages and disadvantages. This is where we come in and guide you on what’s best for your home and situation. So if you’re still trying to decide whether staging is needed for your property or would just like to learn more, reach out to us and we would be very happy to discuss the process and associated costs with you!