Is staging a home a valuable part of the marketing and selling process? The answer is that it depends. We often find that a home’s marketability can be improved by subtracting items, not adding items. In particular, it is desirable to highlight the features of the home, not the furniture or items that are most likely not included in the sale (whether they are yours or the staging company’s).
The National Association of Realtors recently released a report that includes the results of a survey of agents regarding home staging. Some of the conclusions are below.
• Among REALTORS® who typically represent the buyer, 49 percent report most buyers are affected by home staging and 47 percent report some buyers are affected by home staging.
• For buyers it is easier to visualize the property as a future home (81 percent), buyers are more willing to walk through a home they viewed online (46 percent), will positively impact the value of the home if it is decorated to the buyer tastes (45 percent), and buyers are more willing to overlook other property faults (28 percent).
• Among sellers’ agents 34 percent stage all homes, 13 percent stage difficult homes to sell, and four percent stage only high price bracket homes. Forty-four percent suggest the seller de-clutter and fix property faults only and do not stage the home.
• The median dollar value to stage a home is $675 for each home.
• Among homes that are staged: 62 percent of sellers’ agents offer the home staging services to their sellers, 39 percent of sellers pay for the home before the home is listed, 10 percent of sellers pay after the home is sold, and three percent of agents’ firms pay for the home staging service.
• The most important rooms to be staged for buyers matches identically to the rooms that are most common to be staged among sellers—in order: living room, kitchen, master bedroom, dining room, bathroom, children’s bedroom, and guest bedroom.
• Thirty-two percent of buyers’ agents believe staged homes increases the dollar value buyers are willing to offer by one percent to five percent. Nineteen percent say there is no impact on the dollar value, and 16 percent believe it increases the dollar value buyers are willing to offer by six percent to 10 percent.
• Thirty-seven percent of sellers’ agents believe staged homes increases the dollar value buyers are willing to offer by one percent to five percent. Twenty-two percent believe it increases the dollar value buyers are willing to offer by six percent to 10 percent, 10 percent say home staging has no impact on dollar value, and eight percent say home believe staged homes increases the dollar value buyers are willing to offer by 11 percent to 15 percent.
The excerpt above is from the 2015 Profile of Home Staging by the National Association of Realtors. The entire report can be found here.
The post Is Home Staging Worthwhile? appeared first on Suzie & Ed, Diane Turton, Realtors.