Many home sellers, especially the ones selling their home for the first time, feel that staging is counterintuitive, expensive, and unnecessary. After all, why invest your money into a home you’re about to move out from? Because staging your California property can help you attract more potential buyers and, more importantly, sell at a higher price. The reason your experienced real estate advisor has recommended staging is because evidence shows that it is usually worth the effort. In fact, staged properties sell 88% faster and for 20% more money than unstaged properties. But how much should you invest in staging before scheduling an open house? Here’s everything you need to know about the costs involved in home www. Plus, we’ve prepared tips to help you save as much money as possible.
How much money should you invest in staging your home?
Recent data shows sellers typically spend between $652 and $2,529 on home staging, although the cost might vary substantially. In most cases, a home stager will charge $150 to $600 for a two-hour initial consultation.
The rest of your home staging expenditures are heavily influenced by the size of your house and the extent of your endeavor. For instance, your California home is already in good condition, and your furniture is appealing. In that case, you may only need to pay for service to reorganize the furniture and clear the clutter, which is a significantly cheaper option.
On the other hand, you might have an empty three-bedroom home you want to sell. A home stager will probably advise you to bring some furniture to the bedrooms and living rooms. Due to the volume of work involved and all the furniture you’d have to get, it could get costly. However, once you find out your home’s worth, you will realize it was completely worth it.
To put it in numbers, it’s estimated that staging a property for two to three months costs about 0.75% of the list price. So, if your home is advertised for $700,000, you can expect to pay roughly $5000-$5500 to stage it for a few months. Do keep in mind that the price may be significantly higher for those with more opulent tastes. The price varies between 1-1.25% of the listing price.
What is virtual home staging?
Virtual home staging is a much cheaper option, and some companies even offer it for as little as $35 a room. However, don’t underestimate the power of virtual www. Most potential buyers will look for homes online and then decide which ones they want to see in person. Virtual staging is important as it can help lure potential buyers to your open house.
Most virtual staging companies employ photo editing software to create an idea of what a room or the entire home could look like. Virtual staging uses a variety of editing approaches. For example, changing the paint hue or updating the floor tiles. They also incorporate photos of new furniture, artwork, plants, and other decors into existing photos of your California home. Some even go as far as changing the window views!
Is staging worth your time and money?
Staging your home might be a good investment, according to numerous research. In fact, according to RESA (Real Estate Staging Association), investing 1.3% of a home’s worth in staging returned over 7.1% to 73% of sellers. On top of that, staged homes sell in 33 to 50% less time than unstaged properties.
Always remember that the more perceived value a residence has, the faster and more expensive it sells. This is true in both buyer’s and seller’s markets. The good idea is to ask your knowledgeable real estate advisor for their professional opinion on whether staging makes sense for your house and the current market conditions in your neighborhood. They should be able to tell you how your home will appear to potential buyers and whether or not you’ll have to shell out money for www.
How to invest less in home staging?
As you’ve noticed by now, depending on how much staging your home requires, you might need to invest a lot of money in this endeavor. However, there are ways to preserve more of your hard-earned money in your wallet during this process.
Here are just some ideas to help you save money while preparing your California home for sale:
- Consider cutting other costs. For example, as you’ll be moving after selling your home, you’ll probably be tempted to hire expert organizers or packers to help you. However, if you research packing tips for beginners, you can avoid paying for professionals and still manage to get ready on time.
- Another good idea to save money is to hire a stager to gather ideas. You can research further and build your own staging strategies based on it.
- Consider hiring a professional stager to only stage a few rooms. Alternatively, you can choose only to have virtual staging done.
- Carefully decide where you rent the staging furniture. You can negotiate furniture rental costs based on the length of time it is needed. It’s not a good idea to be liable for rental fees if your house sells quickly.
- Work with what you have and stage your home on your own. Investing in simple updates such as painting the walls or replacing kitchen hardware can go a long way, and it won’t cost you too much time or money. Also, ensure your home is spotlessly clean, free of clutter, and smelling lovely before inviting potential buyers to your open house.
The bottom line
As you can see, how much you will need to invest in staging your home depends on many factors; thus, the price can vary significantly. Therefore, the best way to go is to reach out to an experienced real estate expert who will take a close look at your home and give you honest advice. Who knows, perhaps in your case, staging your home means making a few simple tweaks here and there.