I can't help but to get excited when I see multiple homes we staged in the last month sell to the first buyers that viewed them. So don't give up, even if your home has been on the market for a year as one of these properties had been. Once they close I will post before and afters as well as speak to the whats and whys, what we choose to showcase as well as problems that needed diffusing, and why. So stay tuned...
Thursday, April 10, 2008
ROI on Staging
What is the return on my investment in home staging? Another question that I hear often. Here are some stats from research done by HomeGain when they surveyed 2,000 real estate agents in each of the U.S. regions in 2007.
In this chart HomeGain separates lighting and brightening the home, decluttering, and curb appeal from the staging process. I believe that most professional Stagers consider all of those to be a part of the staging process. Perhaps by "staging" Home Gain was calculating the impact of furniture placement, room definition, traffic flow, art and accessories and other style choices made by the Stager.
Lighten & Brighten- avg. return 355%
Clean & Declutter- avg. return 578%
Fix plumbing, electrical- avg. return 164%
Landscape & Trim- avg. return 319%
Staging- avg. return 343%
Kitchen/bath updates- avg. return 121%
Repair flooring- avg. return 145%
Paint exterior walls- avg. return 147%
Paint interior wall- avg. return 150%
The research also points out the improvements made in advance of and in preparation for the sale actually yield the highest returns. That supports my mantra, "Stage early to reap the largest rewards."
In this chart HomeGain separates lighting and brightening the home, decluttering, and curb appeal from the staging process. I believe that most professional Stagers consider all of those to be a part of the staging process. Perhaps by "staging" Home Gain was calculating the impact of furniture placement, room definition, traffic flow, art and accessories and other style choices made by the Stager.
Lighten & Brighten- avg. return 355%
Clean & Declutter- avg. return 578%
Fix plumbing, electrical- avg. return 164%
Landscape & Trim- avg. return 319%
Staging- avg. return 343%
Kitchen/bath updates- avg. return 121%
Repair flooring- avg. return 145%
Paint exterior walls- avg. return 147%
Paint interior wall- avg. return 150%
The research also points out the improvements made in advance of and in preparation for the sale actually yield the highest returns. That supports my mantra, "Stage early to reap the largest rewards."
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