Importance of Home Staging | 7 Benefits to Know
Home staging is the secret to selling your home quickly at the best possible price. As a seller, you want to make the buyer fall in love with your house, so you must invest time in home staging and take the necessary steps.
Home staging doesn’t just mean setting up your house with used furniture and family photos hanging around. It gives a complete makeover to your home to sell. In this article, we’ll talk about the importance of staging a home.
What is Home Staging?
Home staging is the art of showing your house in its best light to buyers and giving it a makeover before showing it to potential customers. House staging includes arranging the furniture, cleaning, decoration, and lighting. Your ultimate goal is to make your home as appealing as possible.
A well-executed home staging requires pre-inspection and upgradation of dated or worn out elements. Hence, you may need to redo the paint with different colors, add new fixtures, and upgrade chandeliers, cabinets, and even appliances.
The primary purpose of house staging is to make your house appealing to potential buyers. A successful house staging for a home to sell is when your potential buyer envisions themselves living in the house.
Importance of Home Staging
One of the biggest reasons that explain the importance of home staging is the increased competition. Your house needs to be perfect to stand out from the crowd.
Buyers usually prefer to pay high prices for a well-staged house than an empty or nonstaged one. Usually, buyers don’t have enough time and resources to redecorate or improve the house after making the down payment. So, they prefer to pay the top of their price point to buy a well-staged house.
Benefits of Home Staging
According to statistics, well-furnished and styled houses have the market’s highest selling ratio. Home staging has numerous benefits, and we’ve never had anyone saying that staging their home didn’t work in their favor. So, here are the top 7 benefits of home staging that can help you understand its importance.
1. High Selling Price
Who doesn’t want to get the highest selling price on their home? You might be thinking, why is home staging important? The answer is it increases the value of your property. Undoubtedly, a good-conditioned house has a high fair value in the market. This value gets doubled when the house interior appears luxurious.
It’s a proven fact with empirical evidence that the well furnished and modern houses receive higher offers. Even though it is uncertain to calculate the exact ROI but according to a rough idea, a home can receive an extra $50k-$100k after staging.
2. Strong First Impression
According to psychology, it only takes 7 seconds for people to make their first impression. When buying a home, most buyers make their final decision based on those first 7 seconds.
So it stresses more the importance of staging your home to sell. Buyers look for their dream homes. So, when they visit the property, they compare it with their dream home.
One of the many benefits of staging a home for sale is adding the ‘Wow Factor” to the property. A clean, uncluttered, and unique style can level up your game.
3. Quick Turnaround
The real estate market is full of listings. It usually takes 4 weeks or 40 days for a well-staged house to be sold. A survey that involved 900 Top Real Estate Agents showed that 83% of agents reported a staged home sells faster than a vacant house.
4. Gives a Floor Plan
A common misconception about real estate sales is that a vacant house looks more spacious. In reality, a styled and staged house gives buyers a better sense of the floor plan and the size of the individual rooms.
They can visualize the house better as their future home. You may consider staging your living area and entrance if you can’t afford to stage the whole house due to a lack of time or budget. A clean and stylish entrance can enhance the overall look of your home.
5. Keeps You Ahead of Competition
The real estate market is highly competitive. When you furnish and style your listed house, you add a personal touch to its appeal. As a result, the house stands out among its competitors and has more chances of selling.
Simply cleaning, decluttering, and re-arranging the house can make it look luxurious, even if it’s a small property. Moreover, a styled house gives buyers a warm feeling compared to a vacant one.
6. Conceal the Flaws
While talking about the benefits of home staging, the list is incomplete without talking about flaws that can be concealed. It highlights the good points when you stage your property with new furniture, appliances, and paint. Your main focus should be to draw the intention of buyers to the plus points of your property.
7. Attracts More Potential Buyers
We live in the age of social media, which can help you reach potential customers. You can grab the attention of buyers by posting attractive pictures of your house.
A uncluttered and well-organized home helps you capture more appealing and real photographs. Thus, you get more views which connects you with more social media users interested in your property.
Should You Stage Your Home?
To be honest, yes! Home staging is worthy of spending time and money. Don’t think of home staging as an added expense. It is, in fact, an investment in your property. Simply put, you can earn back $600 more on the overall price by spending $100 on home staging,
You don’t need to spend a hefty amount on home staging. All you need is to ensure that the buyer will get a better visual experience of your property.
You can style your property on your own. However, if you are not confident, take help from professional home staging companies. You will realize the importance of home staging after selling your first property.
For further guidance, contact Joni Miller Homes. We will provide personalized insights about home staging.
Why not call Joni Miller, now.
