When it comes to selling a home, the decision to stage or not to stage is a common dilemma. Real estate agents, investors and homeowners often wonder if the cost and time investment of staging a vacant home is worth it. In this article, we’ll explore the benefits of staging a home and help you make an informed decision about whether or not it’s worth it for you.
What is Vacant Home Staging?
Vacant home staging is the process of furnishing and decorating a home that is currently empty. Staging can include anything from bringing in furniture and artwork to adding decorative elements such as pillows, rugs, lamps and even curtains. The goal of staging is to create a warm and welcoming atmosphere that appeals to potential buyers.
Here are some benefits of staging a vacant home:
- Helps buyers visualise themselves in the space. Vacant homes can feel cold and uninviting. Without furniture and decor, it’s hard for potential buyers to visualize how they would use the space. Staging a vacant home helps buyers see the potential of the space and imagine themselves living in the home.
- Highlights the best features of the home. Staging can help highlight a home’s best features. For example, staging professionals can position furniture in a way that showcases a beautiful view or highlights unique architectural elements. By emphasizing the best features of the home, staging can increase the perceived value of the property.
- Increases perceived value of the home
Staging a vacant home can make the property more appealing and attractive to potential buyers. According to the National Association of Realtors, staged homes sell for an average of 17% more than non-staged homes. Staging can help increase the perceived value of the home, leading to a higher selling price.
- Shortens time on the market
Staging a vacant home can also help it sell more quickly. According to the same National Association of Realtors study, staged homes sell 73% faster than non-staged homes. By creating a warm and inviting atmosphere, staging can entice potential buyers to make an offer sooner. That means less days on the market and reduced carrying costs.
Is staging a vacant home worth It?
Ultimately, the decision to stage a vacant home comes down to your specific situation. Here are a few things to consider:
- Your budget: vacant home staging can range from a couple of thousand to several thousand dollars depending on the size of the home and the level of staging. It’s important to consider your budget before deciding whether to stage.
- Your timeline: if you’re in a hurry to sell your home, staging can help it sell more quickly.
- Your target buyer: if you’re selling a luxury home, staging may be more essential than if you’re selling a starter home. It’s important to consider your target buyer and what they’re looking for in a home.
- The competition: if there are several other homes for sale in your area, staging can help your home stand out and attract potential buyers.
The competition: if there are several other homes for sale in your area, staging can help your home stand out and attract potential buyers. In conclusion, staging a vacant home can be a worthwhile investment that can help increase the perceived value of the property, attract potential buyers, and sell the home more quickly. Ultimately, the decision to stage a vacant home depends on your specific situation and goals. However, if your goal is to sell real estate faster and for more, home staging is a way to go. Remember, your investment in home staging is always less than a price drop.