Benefits of Home Staging

Home Staging Tips

• 82% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home. (National Association of Realtors)
• 47% of real estate agents claim that home staging had an effect on most buyers’ view of the home. (National Association of Realtors)
• In 2019, the average dollar value spent on staging homes was $400. (National Association of Realtors)

• The two least important rooms to stage are the home office and guest bedrooms. (Homelight)
• A professionally staged home spends 73% less time on the market compared to those without staging. (Professional Staging)
• Staged homes on the market sold for 25% more than homes without staging. (Realtor Magazine)

 

Professional Home Staging Services

Every year, the National Association of Realtors (NAR) publishes reports on housing statistics, commercial research, and state area data in regards to housing and commercial real estate. The following is taken from a 2021 profile on home staging. Other data sources include Spotless Agency, Bankrate, and Investopedia.

• Staging the living room was found to be very important for buyers (46%), followed by staging the master bedroom (43%), and staging the kitchen (35%).
• About 28% of listing agents stage a seller’s home before putting it up in the market.
• 40% of buyers arrange to look at the home they have seen staged online.
• 28% of seller’s agents said they staged their homes before listing.
• Homeowners see a 5-15% return on investment when they choose to professionally stage their homes before they sell them on the market.
• Home buys are 40% more likely to “walk through the home they saw online”.
• 46% of 3,500 staged homes sold for 10% more than they would have as non-staged homes.
• 95% of buyers search online for homes.

Property Staging Statistics

According to reports by Professional Staging, NAR, Investopedia, and Bankrate:

• 86% of potential buyers find it easier for themselves to visualize a property when it is staged.
• 77% of buyer’s agents said a properly-staged home makes it easier for prospective buyers to imagine themselves in the home.
• Over 41% of top real estate agents believe that vacant homes benefit the most from home staging.
• In 2017, only 35% of home buyers bid on homes without ever physically touring the location.

Home Staging Costs

For more information, consider the full reports by Investopedia, Moving.com, and Bankrate.

• Virtual staging will cost between $59 and $129 per photo for luxury listings.
• Hiring a staging company costs an average price of $400.
• Staging the home can cost about .75% of a home’s price.
• The cost of hiring someone to stage your home averages between $2,300 to $3,200
• Virtual staging can reduce the cost of staging by up to 97%.

Benefits of Home Staging Services

The following data comes from the Real Estate Staging Association Publications, the National Association of Realtors and Professional Staging.

• 85% of staged homes sold for 5 to 23% over their listing price.
• 22% of sellers’ agents reported a 1% to 5% increase in selling price for homes that had been staged versus homes that were not.
• Home staging brings in an 8-10% return on investment.
• A staged home spends 73% less time on the market than a non-staged home.
• 81% of homebuyers say that a staged home makes it easier for them to sell their home
• Staging a home on the market increases the sale price of the home on average anywhere from 1-10% according to 50% of home real estate agents.

Why Staging The Living Space Works

According to the National Association of Realtors and Homelight:

• Staging had no effect on only 4% of buyers.
• 47% of buyers’ agents cited that home staging has a positive effect on the home buying process.
• 96% of realtors believe that home staging positively influences a buyer’s decision.
• 31% of buyers claimed staging their home increased their offer on a home.
• Home staging can sell your home 6-10% faster.

Home Interior Design Trends

Staging your home has huge positive effects on how long your home stays on the market and how much it will sell for. But because of the global pandemic, home staging design trends have changed. Check out the latest trends to be sure your house stands out.

1. If you’re virtually staging your home, consider painting the walls a camera-friendly shade. 68% of realtors recommend neutral or lighter paint colors that show up best in video.
2. Use plants to brighten up a room and give a little something extra to empty spaces in your home. A little greenery can go a long way.
3. Remote work changed the lives of workers everywhere. If you plan on staging your home, consider focusing your efforts on the office space. Prospective buyers should be able to see themselves working in your home before they buy.
4. Consider virtually staging your home in addition to physically staging your home. The COVID 19 pandemic continues to be a threat throughout the country so visits can be made easier and safer by going virtual.
5. Simplify your kitchen with minimalist hardware. Minimalist trends have been increasing in popularity in recent years so be sure your appliances contain clean lines and sleek styles.

Link to source: The Zebra