Determining whether or not to stage your home prior to putting it on the market can be quite a financial quandary. The costs associated with staging a home can range from $500 for an average-sized house to well into the thousands for larger homes. Is it worth the extra expense?
The short answer is…absolutely! According to HomeGain’s 2011 Home Sale Maximizer survey, which consisted of 600 real estate agents from across the country, 80-percent recommend that homeowners invest in home staging prior to selling. The return on investment (ROI) is nearly 300-percent, according to the survey.
Homes seem to not only sell for more when staged but also sell more quickly. StagedHomes.com, Accredited Staging Professionals (ASP), states that on average 94-percent of staged homes sell within 29 days of hitting the market compared to 145 days for non-staged homes.
Clearly, staging your home should be a strongly considered as a powerful tool to increase the value of your home and sell it faster.
Preliminary Steps: Cleaning and Decluttering
Staging a home simply involves, cleaning, decluttering, rearranging and bringing in furniture to optimize a space. You can do much of this work yourself, which helps save on the cost of staging. The aforementioned HomeGain survey showed a staggering 99-percent of real estate agents recommend cleaning/decluttering prior to selling a home. It offers a 586-percent ROI.
Start by decluttering the house. In many cases, you may need to rent a dumpster or hire a junk removal service to clear out unused clutter. On average, dumpster rental prices range from $125 to $250 or more for a small 10-yard dumpster depending upon where you live and the exact size of the dumpster. Other options include selling household goods online (i.e., eBay or Craigslist), hosting a garage sale, donating goods (i.e., Goodwill or Salvation Army) or recycling.