Here's Why Home Staging Works!

Dated: May 3 2021

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Staging your home for sale can be a daunting but oh-so-rewarding task. Whether you are embarking on this challenge alone, or you’re thinking of hiring a professional, here’s why staging should be an integral part of your listing plan. 

 

Faster sale, for top-dollar

According to a 2019 study conducted by the National Association of Realtors, when staging a home, 22% of sellers’ agents reported an increase of 1-5% of the dollar value offered by buyers, in comparison to similar homes. 17% of respondents stated that staging a home increased the dollar value of the home between 6-10%. In this same study, 25% of sellers’ agents that staged their listings reported a significant decrease in the time a listing spent on the market. Additionally, if you use your own furniture to stage (when done properly), buyers might want to include it in their offer resulting in a higher sale price! 

 

First impressions matter 

You’ve heard the saying “never judge a book by its cover” right? That couldn’t be further from the truth when listing your home for sale. The average homebuyer will often decide within seconds of seeing a photo if they’re interested in looking at a property. This is why it’s imperative to stage your home from curb to fence! 

 

Mask any flaws that your home might have

If your home is well-loved, staging can help mask those small imperfections that might deter a potential buyer from sealing the deal. A bit of plaster and fresh paint can help you avoid any costly and time-consuming renovations before listing. The most common home improvement items agents recommended to sellers are:

 

  • Decluttering the home

  • Thorough home cleaning

  • Removing pets for the duration of the listing

  • Carpet cleaning

  • Applying a fresh coat of paint 

 

Visualization

83% of buyer’s agents said staging a home made it easier for a buyer to visualize the property as their future home. Here are some ways you can do this without compromising the charm of your home: 

 

  • Remove personal collections

  • Replace busy wallpaper with a fresh coat of neutral paint

  • Avoid having loud accent walls

  • Remove family photos

Home staging doesn’t cost a dime
Staging a home for sale in Toronto can cost an average of $500, but can extend well beyond that depending on the size and state of your property. On average, you can expect to make an 8-10% return on this investment. If you weren’t already convinced that staging is a must, you should be now!

The only thing left to do is list your home! Considering selling in the coming months? Connect with our team today!

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Christan Bosley

Christan is a dedicated real estate professional that has been working at Bosley Real Estate since the age of 12. From front desk operations to a successful sales career to general manager, Christan ....

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