If you’re giving thought to sell and listing your home, it could be worthwhile staging your home to maximize the appeal before selling. Chances are, though, you’ll probably have to spend a little time and cash sprucing up your home if you haven’t already. Consider home staging tips are vital to be a competitive seller in today’s market.
Prepping your home for showings is at the top of the list when it comes to selling quickly and getting an offer close to asking price. Note these suggestions when getting your apartment ready to sell.
When selling your home, it’s important to remember that you’re selling a lifestyle, but not necessarily your one.
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Home Staging Helps Sell Your Home
Home staging is all about presenting potential buyers with a glimpse of what life could be like on a property. It goes beyond simple cleaning and decorating and seeks to trigger emotion in a home buyer that makes them want to buy it instantly.
Staging is by no means a new concept, but with the present market, it has gained more significant popularity in recent years.
Exact statistics for the difference home staging makes are hard to come by, but thankfully a survey for 2019 has recently come in. The National Association of Realtors (NAR) caused a wave among home stagers when they first released their report in 2015. While not much has changed, the value of home staging is still pretty clear.
Some Main findings
- 39% of seller’s agents said that staging a home decreases the time it is on the market.
- When staging, 29% of seller’s agents reported an increase of 1-5%, compared to other homes on the market, while 21% reported a rise of 6-10%.
- 49% of buyer’s agents say that home staging affected most buyer’s view of the home.
If you’re in a hurry to sell or looking for ways to increase your home’s value, then a small investment in home staging could be just what your property needs to find a buyer.
The Mindset for Home Staging
Many people make the mistake of thinking that home staging is little more than decorating each room to make it look as appealing as possible. Your aesthetic taste, though, may be very different from most buyers.
You want to make your home appeal to a broader audience of people as possible, which means knowing what the buyer’s market needs. Usually, this means a modern look, but that can change depending on your location. When hiring a professional home, a stager can pay off as they know the buyer’s market and how to make your homes appeal to the highest percentage of buyers.
If you’re unsure, then go for a minimalist approach. Each room should be staged to emphasize how it can be lived in and enjoyed. Also, what the design possibilities are. The key is to entice a buyer’s imagination and make them feel like this could be their home.
Tips for How to Stage your Home
You can do small scale home staging or large scale. Hiring a professional home stager; would be best, but if you’re on a tight budget, there are a few key areas you can focus on that will make the biggest difference in selling price and appeal. Also, if on a shoestring budget, perhaps consider virtually staging your home.
Photo by Gea ElikaThe NAR survey on home staging reported that, for buyers, the most important room to stage was the living room (55%), followed by the master bedroom (51%) and the kitchen (41%). Even if you’re limited by time and budget, you should try to stage as many rooms as you can by using these techniques.
Perform a Deep clean
If you can’t afford any new appliances, then make sure the ones you have are spotlessly clean. Go through the entire room and try to make everything look as unique as possible. Your bathroom sink should shine, and your kitchen should be grease-free. If you have a carpet, it may be worth having a professional deep clean done.
Keeping your apartment clean is a given (and it should be sparkling clean); what about getting rid of the clutter?
Depending on how you live, finding a place for your tchotchkes and those items with the sentimental value could take some time. You might need to rent a storage unit outside your apartment. Putting everything in your closets (or oven) for a clean, isn’t the answer, either, which brings me to the next point.
Eliminate the dog or cat smell.
Living in a pet-friendly building is often considered an amenity to dog and cat owners, but you don’t want to smell a dog or cat when you enter your home. Be sure to keep the litter box extra tidy, and bathe your dog if he needs it. Use air fresheners, candles, and home fragrances to keep your nest smelling fresh for any lookers or buyers.
Remove all clutter
Too much clutter distracts buyers and makes rooms seem smaller. Get rid of everything that doesn’t serve a purpose or add to the aesthetics. All this clutter should be stored well away, so there’s no chance of a buyer coming across it in a wardrobe.
Organize your closets
Potential buyers open your cabinets, and if the space in closets is packed to the gills, your apartment will give the impression that it’s not large enough. As harsh as it sounds, try to part with useless trinkets and seasonal items. Keep those knick-knacks and accessories that you must, and send the rest to storage. Every single piece should have its place in your closets, and those necessities that don’t fit should find a home elsewhere.
The whole point of home staging is to allow buyers to envision themselves living in your home. It’s a bit hard to do that if you’ve got family photos hanging everywhere or a distinctive style. Remove all personal items, and if you have a unique style or theme, then scale it back a bit. The key to neutralizing each room and emphasize its functionality. The final look should be organized, welcoming, and straightforward.
Make as much use of natural lighting as you can. Curtin’s and blinds should be left open, and supplemental light added where needed. Try to organize the layout of each room in-line with the lighting, so the best features are shown off.
Look at your floors
Floors are crucial in the sale of any home. Most likely, you have hardwoods or parquet floors in a New York City apartment. Be sure that the wood is in good shape. If you have holes, cracks, or rough spots, call in a specialist and consider filling and possibly refinishing depending on what the expert recommends. If redoing the floors isn’t possible, consider purchasing area rugs to cover the worst spots.
Touch up the paint
A fresh coat of paint can do wonders. Touch up walls, baseboards, doors, trim, and ceilings as needed. If you choose the bargain route and do it yourself, be careful not to drip paint on the floors in the process.
If you have any dark or bold colors, you might consider painting a lighter neutral in its place before you list your apartment on the market. Light colors, create a brighter space, making rooms feel more abundant.
If it’s been a while since you last redid your furniture, perhaps you may need to update it with the latest tastes for a modern feel. You don’t need to throw out a lot of cash to switch your existing furniture; you might even be able to rent it, but it should look new and inviting.
Flowers breathe life into the dullest interiors. Add fresh flowers; to your living room, dining room, and perhaps a little greenery in the bedroom, as well. Rather than choosing unique arrangements, select small vases and group together with the same flowers or similarly colored buds. Try and color your home with flowers if you can, and if the color isn’t your forte, creamy white works with most anything.
Before opening the doors for the first showing, add finishing touches to make your home feel welcoming. A bowl of fresh fruit, a pleasant scent, fresh flowers, and nicely folded new towels in the bathroom.
How Much Does Home Staging Cost?
Prices vary between $1,000 – $100,000+, depending on staging company, your location, property size, and local demand for staging. Unless you’re putting a multi-million dollar property up for sale, there’s little need to go crazy with home staging. You want to emphasize the home’s best features while appealing to the broadest range of buyers. The more people you can entice, the higher the selling price will be.