Home staging statistics clearly show that property staging is extremely advantageous to any seller and also offers one of the best returns on investment in real estate marketing. Home staging has been studied exhaustively by many real estate companies, organizations and associations and has conclusively proven itself as a reliable way of selling property faster and for more money.
This topical dialog details some factual statistics concerning the benefits of staging real estate before listing it for sale. We will discuss how staging affects the time it takes to close a sale, as well as the influence on the price which is finally agreed upon for the property.
Time-Related Home Staging Statistics
Staged properties sell quicker than comparable unstaged homes. Independent research shows that staged homes sell 2 to 2.5 times faster than unstaged properties. This is fantastic, since many sellers simply want to move on to a new life and are ready, willing and able, with the exception of selling their old homes first.
Staging techniques make buyers anxious to put in solid offers, since they realize that the best staged homes will be bought-up quickly if they hesitate. This fact can create a bidding war for a property, or at least facilitate multiple offers, driving up the price and providing a quicker closing time.
Price-Related Property Staging Statistics
The biggest benefit of home staging is certainly the financial aspect of the investment. Statistics reveal that staged homes can sell for as much as 17% above the price of a comparable unstaged home. Additionally, staged homes sell on average for 7% to 10% higher than normal asking price. This makes a small investment pay huge dividends in extra profits once the property is sold.
You do the math for yourself: At a conservative 7% bonus above a normal sale price of $300,000, the seller just made an extra $21,000. There is simply no other way to boost the value of your home, without spending exponentially higher amounts of money to do so. Staging generally pays for itself many times over once the property is sold.
Factual Home Staging Statistics
Remember, besides being a great way to enhance your home, increase profitability and shorten the time on the market, home staging is also tax deductible. Now you have a truly win/win situation, which literally costs you nothing and makes you some serious money.
In order to maximize the effectiveness of your home staging design, make sure to complete staging prior to listing the property for sale with an agent.
To learn more about staging your property to sell, contact a home staging company or consider performing DIY staging using the expert guidance of a real estate staging consultant.