Financing the purchase of a new home comes with several decisions that need to be made. One of the biggest decisions for a potential home buyer is around what type of mortgage they should secure. It
Here's Why Home Staging Works!
Dated: May 3 2021
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
Applying a fresh coat of paint
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!
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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