Why Home Staging? Statistically, staged homes tend to sell faster and for more money. Listings that are staged and priced competitively sell at minimum, 50% faster than non-staged properties do. A 2010 survey found that 94% of staged homes sold on average in one month or less. Homes that were staged spent 80% less time on the market than those that were not staged. A side benefit of this is savings on holding costs (mortgage payments, homeowners insurance, utility bills, etc.) associated with the maintenance of a property while it is on the market. Staging, when done right, increases perceived value. By showcasing the property in its best possible light, it is automatically assumed that the property has been well taken care of and Staged homes often appraise at a higher value. The 2010 Home survey of 2,000 real estate practitioners found that the return on investment from home staging was as much as 327%. Finally, the cost associated with staging is a drop in the bucket compared to a price reduction. Consider that price reductions usually start at $10,000 before anyone notices a price change.
Posted on: Fri, 29 Aug 2014 18:46:01 +0000
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