Here's Why Home Staging Works!

Dated: May 3 2021

Views: 615

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!

Blog author image

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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