How Staging Your Home Well Impacts Its Value

For more than 20 years, the benefits of staging a home have been well documented. Numerous studies show that staging helps sell a home faster and for a higher price. According to the National Association of REALTORS®, 88 percent of homebuyers start their search online, forming impressions within three seconds of viewing a listing. When a home is well staged, it photographs well and makes the kind of first impression that encourages buyers to take the next step.

Studies also indicate that buyers decide if they’re interested within the first 30 seconds of entering a home. Not only does home staging help to remove potential red flags that can turn buyers off, it helps them begin to imagine living there. Homes that are professionally staged look more “move-in ready” and that makes them far more appealing to potential buyers.

According to the Village Voice, staged homes sell in one-third less time than non-staged homes. Staged homes can also command higher prices than non-staged homes. Data compiled by the U.S. Department of Housing and Urban Development indicate that staged homes sell for approximately 17 percent more than non-staged homes.

 

 

A measurable difference in time and money

In a study conducted by the Real Estate Staging Association in 2007, a group of vacant homes that had remained unsold for an average of 131 days were taken off the market, staged, and relisted. The newly staged properties sold, on average, in just 42 days, – which is approximately 68 percent less time on the market.

The study was repeated in 2011, in a more challenging market, and the numbers were even more dramatic. Vacant homes that were previously on the market for an average of 156 days as unstaged properties, when listed again as staged properties, sold after an average of 42 days—an average of 73 percent less time on the market.

Small investments, big potential returns

Staging is a powerful advantage when selling your home, but that’s not the only reason to do it. Staging uncovers problems that need to be addressed, repairs that need to be made, and upgrades that should be undertaken. For a relatively small investment of time and money, you can reap big returns. Staged properties are more inviting, and that inspires the kind of peace-of-mind that gets buyers to sign on the dotted line. In the age of social media, a well-staged home is a home that stands out, gets shared, and sticks in people’s minds.

What’s more, the investment in staging can bring a higher price. According to the National Association of REALTORS, the average staging investment is between one percent and three percent of the home’s asking price, and typically generates a return of eight to ten percent.

In short, less time on the market and higher selling prices make the small cost of staging your home a wise investment.

Interested in learning more? Contact your real estate agent for information about the value of staging and referrals for professional home stagers.

This post originally appeared on the Windermere.com Blog.

Posted on July 30, 2018 at 5:15 pm
Marilena Sirbu | Category: Home Ownership | Tagged , , , , , , , ,

Building Your Home’s Amenities Into Experiences

The value of a home is more than what it can be bought and sold for – it also lies in how it makes you feel. Security and comfort are vital components, as well as convenience; however, what many buyers are looking for in a home in 2018 are amenities that deliver a luxury experience. With that in mind, we decided to take a look at a few ways a home can add an “experience” that sets itself apart.

Indoor-Outdoor Pools

18884 SE 42nd Street Issaquah, WA 98027

MLS #1284016 | Presented By Karl Lindor & John Kritsonis

 

  • In much of the country, an outdoor swimming pool isn’t that uncommon. The simple luxury of a private space for recreation can be the centerpiece of a home’s charm.
  • Expanding that possibility is the indoor-outdoor pool, which segments a pool into a covered, indoor region, as well as an outdoor area.
  • Anyone who loves spending time in the water but lives in too cool a climate to use a pool year-round can enjoy an indoor oasis in the winter that flows seamlessly into an outdoor space in the warmer months.

Creative Wine Cellars

Credit: Spiral Cellars / SpiralCellars.com

 

  • Who among us wouldn’t love a wine cellar? It’s an opportunity for self-expression that echoes back upon centuries of vintage creativity.
  • Not every home has the space to build a traditional wine cellar, but a bit of creativity can open the door to other possibilities.
  • The underground, spiral cellar, as pictured above, is one way to add a stylish centerpiece to your home that will undoubtedly create a unique experience for your guests.

Outdoor Home Theater

Outdoor Movies

Credit: Pinterest / Realtor.com

 

  • The indoor home theater is far from passé but building upon that experience with an outdoor theater can take your movie nights to the next level.
  • The key to this design is versatility. If you live in a sun-kissed state you can construct a lightly covered space for viewings. An artful canopy or raised trellis can be the enclosure.
  • Wetter or dustier climates pose a greater challenge, but a retractable awning is a multi-functional feature that can transform your yard into a private cinema no matter the weather.

 

This post originally appeared on the Windermere.com Blog.

Posted on July 9, 2018 at 10:44 am
Marilena Sirbu | Category: Home Ownership | Tagged , , , , , , , , , , , , , , , ,