Does home staging actually work?
We get this question a lot. We’ll say it once…we’ll say it again…the proof is in the numbers.
You may wonder whether staging is right for your property. While we can try to explain the importance of the ‘emotional connection’ it can create for buyers as they browse through photos online or how the ‘flow’ of the house is crucial during a showing — these are elements that can be hard to define.
The numbers speak for themselves:
83% percent of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.
Home sellers can expect to see an 8 to 10% return on their investment in home staging.
Staged houses spend 33-55% less time on the market and sell for 20% higher compared to homes that are not staged
Once staged, homes spend an average of 73% less time on the market.
44% of buyers’ agents said that staging a home increases the dollar amount offered - National Association of Realtors 2019 survey
A staged home will sell for 17% more on average than a non-staged home, and 95% of staged homes sell in 11 days or less. That is statistically 87% faster than non-staged homes.
Nationwide, vacant homes sell for $11,306 less and spend six more days on the market than comparable occupied homes.
Home staging can truly be a key differentiator in getting your home sold quickly and for more money. We’d love to chat and help you determine what level of staging makes the most sense for you and your property.
REFERENCES:
https://www.redfin.com/blog/vacant-homes-sell-for-less-money/, https://themortgagereports.com/18516/home-staging-mortgage-sale-craig-berry, https://www.homeadvisor.com/cost/home-design-and-decor/hire-a-decorator-for-staging-a-home/, https://www.nar.realtor/sites/default/files/documents/2019-profile-of-home-staging-03-14-2019.pdf, https://www.realtor.com/advice/sell/how-much-does-home-staging-cost/, https://www.forbes.com/sites/vanessamcgrady/2015/11/04/staging/#63c56e9050c9
