Posted on 28/09/2022 10:20 AM | by NaijaHouses
When real estate agents talk about staging your home, they're referring to a method of preparing a property for sale on the real estate marketplace. Staging is designed to showcase a home's best assets, impress buyers, and sell it quickly for the highest possible price.
Because not all sellers stage their homes–especially homes in lower price ranges–you'll be at an advantage if you elect to take the extra step of staging your property. Here's how.
When dealing with such a significant financial transaction as selling a home, you don't want to settle for a lower selling price or a longer marketing period than you have to.
Relative to the amount of time and money involved, staging may be one of the most lucrative projects you ever undertake. Potential buyers aren't just looking for a structure to inhabit—they're also looking for a way to fulfill their dreams and improve their lifestyles. Staging can create a more emotional purchase for the buyer, which ultimately can generate more money for the seller.1
Home staging is also beneficial because potential buyers don't want to see work that needs to be done upon moving into the home. For every problem they see, they'll deduct its cost from their offering price. If they see too many problems, they may pass completely on buying the home.
Staging a home makes it visually more appealing and allows potential homebuyers to envision how the home might look once they move into it, making it look more move-in ready. Having furnishings and wall hangings in place is often more inviting than empty rooms and blank walls.
According to the 2021 Profile of Home Staging, a report from the National Association of Realtors (NAR), 47% of buyer's agents said that staging positively affected most buyers' opinions of a home.
The report also found that 82% of buyer's agents say staging makes it easier for buyers to visualize a property as their future home, which can help the home sell faster. According to the report, staging the living room was found to be very important to 46% of buyers, followed by the master bedroom, at 43% and the kitchen at 35%.
Staging a house prior to selling it is one of the best investments you can make to ensure it gets a quick offer and achieves the highest sale value. Research has shown that a staged home sells three times faster than a non-staged home – and 70% of real estate agents stated that home staging increased the offer value of a house by up to 10%.
'Staging is really important for two reasons,' says Anne Carr. 'Most people cannot see beyond what is in front of them. They get caught up in past perceptions, so you need to show them what is possible.
'Sometimes rooms are awkward and you need to show people how a space can be best utilized. The second reason is that the person may not be very good with space planning. Rooms tend to feel a lot smaller without furniture, so how we place furniture gives buyers a sample of what is possible.'
No matter your budget these golden home staging tips are sure to have an impact.
Decluttering is the first job you should tackle when home staging. Clutter is distracting for buyers – their eyes will be drawn to your belongings and not the rooms. The rooms themselves will look smaller and untidy if cluttered, too.
'Nearly all of us have too much ‘stuff’, which has been accumulated over years if not decades. Decluttering each room is an excellent investment of your time,' continues Alex Willcocks. 'It's important potential buyers can envisage themselves living in the property, for that to happen it has to feel like you don’t.
'Try to free up as much surface space as you can on shelves, coffee tables, and especially in the kitchen. Wicker or rope baskets are excellent for throwing items in that you need but don’t necessarily want to see. Storage units and containers are another great options should you require more space.'