Making a good first impression is very important, especially when showcasing your home to a potential buyer. However, the question we always hear when working with the sellers are always around to stage or not to stage the property when getting ready for the big sale. For this reason, we created this post for you to weigh the pros and cons to help you decide what works best for you.
The pros of staging:
- The biggest perk of staging a property is that it helps in appreciating the value of the property and makes it easier to sell. Well-staged homes by professional interior designers spend less time on the market as compared to un-staged homes. They are also sold 6% above the asking price.
- A staged house also looks better in photographs as it accentuates the best features of your home. Before even visiting the place, potential buyers get a glimpse of what it would be like to live in the house.
- A professionally-staged house makes your property stand out among all the other properties on the market.
- For every 1-3% of additional investment made on staging your property, you yield 8-10% more return on investment; a convincing statistic to stage your property.
- An empty house is much more difficult to sell, let alone quickly. When a property has been staged for sale, all the buyer who visits it can envision themselves living there and may also get some ideas on how to make it their own.
The cons of staging:
- Ideally, every dollar you put in staging your property must reap two dollars in return. However, this is rarely the case. It may be true that it augments your profits to an extent but is it wise to invest in one if it isn’t garnering a guaranteed 100% profit?
- Staging a house can sometimes be very time-consuming, as it could cause delays in listing your property.
- It may not hold any significant merit in selling your house quicker if your house is already located in a prime area where real estate sells in a hot minute.
- Exaggerated staging doesn’t leave room for imagination. Don’t over furnish and decorate the entire property as it can actually cost you a sale rather than make you one.
Your professional realtor should provide you with guidance on what will work best for you whether to stage or not to stage. If you decide to go for it, here are some great staging tips to get you started.
Have you reaped the benefit when staging your property?