When you’re ready to sell your home, a licensed real estate agent can help you navigate the process, saving you a lot of time and ensuring you get the most value for your property. One of the steps real estate agents recommend to make the sale easier, quicker, and more profitable is staging your home.
While you can tailor your staging efforts to your budget and the amount of time you have available, staging is also an investment. So just how important is it to dedicate any of your resources to staging?
Return on investment
There are many benefits that make staging your home a worthwhile investment, but the thing most people want to know is, will it pay off in a better selling price?
According to the National Association of Realtors (NAR), it will. In fact, their statistics show that for every $100 invested in staging, the potential return is $400.
A staged home is also much more likely to sell for the asking price. The NAR estimates that the average home listed for $400,000 will be reduced by anywhere from $40,000 to $80,000. With staged homes, that reduction is often minimized or eliminated. Staging can even result in selling your home for more than the asking price!
Additional benefits of staging your home
Beyond the major financial boost, there are other benefits to staging your home. Here are just a few of them:
• Faster Sale: On average, staged homes spend less time on market, selling more quickly than non-staged homes.
• Buyer-Friendly: A staged home is buyer-friendly. People have very different tastes; by staging the home in a clean, uncluttered way, buyers see more of a “blank canvas,” making it easier for them to imagine themselves living there.
• Time-Saver: Staging your home often means decluttering. You may pack up some items, giving you a head start on the packing for your move, or you may downsize by donating or disposing of some items you no longer need. Either way, you save time when you’re packing up.
• Space-Maker: The rooms of a clutter-free staged home will appear larger—giving your buyers more space to imagine where to put their own belongings.
• Difference-maker: In competitive markets like Doylestown, Jamison, and other Bucks county locales, careful staging can be the thing that sets your home apart from others on the market.
• Confidence-Builder: Staging your home presents it as a space that is cared for and well-maintained. This increases the confidence of potential buyers, putting their mind at ease that they are dealing with conscientious homeowners who have kept the property in good repair.
With all of these benefits, it’s clear that staging is a worthwhile investment to make in preparation for the sale of your home. In our next article, we’ll talk about how to stage your home, sharing some tips on low-cost, high-impact staging strategies.
