Duke University came to Stagedhomes.com® and to The International Association of Home Staging Professionals®, IAHSP®, to have ASP's® participate in a Home Staging Study they were doing at the university. As you click this link it will take you to the study in it's entirety. We believe you will find it enlightening and we thank those ASP's® across North America that participated in the ASP® and IAHSP® Home Staging Study conducted by Duke University.
Q: Does every home need staging to sell?
A: Almost every home can benefit from staging, no matter what the size, even if it is well-decorated and maintained. Why? The way we live in our homes is very different from how we need to market them and make them appeal to buyers. Most interiors, even if professionally decorated, fit a specific taste, since we all tend to personalize our spaces quickly. The goal of staging is to create a mood that buyers emotionally respond to. To accomplish that, homes need to be cleaned, de-cluttered, de-personalized, and updated to reflect current trends.
The vast majority of homes have problems that affect their presentation when it’s time to sell. Every house looks better with carefully placed trees, plants, flower arrangements, art, and on-trend high-end accessories. Almost everyone lives with too much clutter, too much and/or poorly arranged furniture, too many personal items, sometimes unusual color choices, or with rooms that lack a clear purpose or don’t flow well into each other. No house is perfect; staging helps to overcome the imperfections. Most problems can be fixed with various staging techniques,
Q: Don’t vacant homes sell fine without professional staging?
A: Actually, no. Vacant homes can look sterile and “cold”; many buyers can’t figure out where the furniture will go, how to deal with awkward angles or shapes, or what to do with rooms that are “too large” as well as “too small.” Staging works to resolve furniture placement issues to highlight the best features of a room and downplay the problems. Staging also resolves any questions about how a room should be used.
Q: How much does staging really help sell homes?
A: According to stagedhomes.com, 95.6 % of ASP-staged homes sell on average in 37 days vs. 212 days for non-staged homes. RESA, the Real Estate Staging Association, surveyed 39 homes that were listed un-staged and spent an average of 233 days on market. After they were staged, they sold in an average of 53 days. That's 78% less time on the market! Of course, there’s no guarantee that a staged home will sell faster or for more money, since current market conditions, price and your agent’s marketing all determine the final outcome. But ensuring your home presents as well as possible will enhance curb appeal and increase the odds that buyers will make offers on it.
Q: Should I stage my home before I try to sell it, or wait and see what responses I get from potential buyers first?
A: Today, 90 % of buyers search the internet for homes before contacting an agent, so the photos posted of your home are vitally important: if buyers aren’t impressed by them, they will move on. Don’t take a chance on turning off potential buyers who will quickly form a negative impression of your home if it doesn’t present well right at the beginning. The first two weeks on the market are the most crucial time for marketing your home, since that’s when agents and buyers will view your home with the most interest. The “buzz” about your home will make or break its reputation early on, so it’s important to stage BEFORE you list your home and before its appeal wanes. Agents love to bring buyers to homes that show beautifully, and staging may very well help you avoid the price reduction trap.
Q: So is it too late to stage if my home has been sitting on the market for months?
A: No, it’s never too late. In fact, many owners finally decide to try staging after their homes have sat on the market for many months with little interest. Of course, earlier is better, both in terms of saving months of inconvenience and expenses, and usually in preventing price reductions as well. After the staging, it’s a good idea to have your agent re-take photos for the local multiple listing service, flyers, and other marketing materials. Your agent can also hold an open house to show off your staged property. A staged home naturally generates fresh interest and can be presented as “updated”, “beautifully decorated” or even “renovated” if appliances, fixtures, or cabinets have been replaced or repainted.
Q: Can’t most people see past the stuff in my house or the way I’ve chosen to decorate it and visualize it as their own?
A: Unfortunately, no; studies show that only 10% of buyers have the vision to see things as they could be, instead of how they are. The majority of buyers will start subtracting dollars off the price they’re willing to pay for your home when they see even cosmetic issues that they don’t like. If they see even minor maintenance/repair problems or an out-dated appearance, their offer price may drop further.
Buyers today have higher expectations than they did years ago. We are all used to seeing beautiful homes on TV, or model homes in person. Thanks to HGTV in particular, more of us are aware of the latest decorating and design trends as well and are emotionally swayed - positively or negatively -- by appearances.
Q: Will I need to buy or rent a lot of accessories or furniture to make my home’s interior look great for selling?
A: The answer is generally no, unless your home is sparsely furnished or vacant. Even if the furniture is in poor shape or outdated, slipcovers, throws, and pillows are excellent and inexpensive solutions that often work to disguise those problems. We generally try to work with a homeowner’s belongings as much as possible. Sometimes, we might recommend that homeowners invest in buying or renting a new piece of furniture to better fit the size of the room or to make it look larger or more up-to-date, to replace something that is shabby, or possibly to fill in an empty space.
Q: How much does staging cost?
A: Typically, anywhere from a few hundred dollars for a small property up to a few thousand for a vacant one in need of furniture rental as well as accessories. We can work within your budget to get the results you need to help sell your home, whether you prefer to do it yourself, or want our team to handle it all. We offer several options depending on your needs.
In fact there is a measurable rate of return on Staging.
The National Association of Realtors (NAR) reports that 71% of buyers will pay 5-20% MORE for a property that is Staged.
Read the NAR Profile of Home Staging Jan 2015.
"The Investment IN ASP® Staging Your Home will Always be Less than a Price Reduction ON Your Home!"
- Barb Schwarz, The Creator of Home Staging®
The following is a summary of the results of HomeGain's national survey, based on the ten areas of home improvement identified by real estate agents in HomeGain's survey. They are listed from the highest to lowest returns on investment:
* As The Creator of Home Staging I teach that Cleaning, De-cluttering, Lighten and Brighten, Replacing or Shampooing Carpets, Landscaping, Painting Inside or Outside of a Home as necessary are ALL a part of Home Staging" Barb Schwarz