Often, I come across information that I feel would be beneficial to others. That is the case with this information, especially if you’re wanting to sell your home this year.
A recent study came out that considered the impact of staging your home while selling it. You are likely familiar with the term “staging,” but if you’re not, staging is simply cleaning, organizing, decorating, and furnishing your home in a way that highlights the home’s most exciting features. If you’ve already moved out of the home, this often means putting temporary furniture back in. The goal is to help the prospective buyer imagine themselves living there.
But does staging work? A recent study asked agents of buyers and sellers and this is what they found:
- Forty percent of agents who represented homebuyers said that staging effected buyers’ view of the home.
- Eighty-three percent of agents who represented homebuyers said that staging made it easier for buyers to imagine themselves living in the home.
- The most important rooms to stage were the living room (47%), master bedroom (42%), and kitchen (35%).
- Twenty-five percent of agents who represented homebuyers said that staging increased the offer value by 1% to 5%.
- According to agents of home sellers, the median amount spent on staging was $400.
- Twenty-two percent of agents who represented home sellers said that staging caused offer values to increase by 1% to 5%. Seventeen percent said staging caused offer to increase offer values by 6% to 10%.
- Agents who represented home sellers said that these were the most common recommendations they provided—declutter the home, clean the entire home, remove pets, and clean the carpet.
So, does staging work? Many agents seem to believe that staging does impact offer values for the home, making the $400 you put into staging a really good investment.