Tuesday, June 1, 2010

The Value Of Staging

Staging works.  Delivering a big punch and tangible results.  Staging has changed the real estate market and when that market is good, Staging brings in top dollar, which often means an amount over the asking price;  when the market is slow, Staging keeps it moving.  
Increasing numbers of sellers are beginning to understand that Staging can increase the sale price of their home.  A carefully staged home can sell for 6 to 20 percent more than the list price in a modest neighbourhood.  In a high-end neighbourhood, this can be as much as 20 to 25 percent more. Staging does in fact create a ripple effect:  It impacts homeowners, the real estate agent, the neighbourhood, and the mortgage company, which in turn affects the economy in general.  



Your Return On Home Improvement Investments

Investing as little as $80 or as much as $3,000 will bring you closer to the sale of your home.  Below are some home improvements that are sure to increase your home's value.

Lighten and brighten.  Cost, $86-$110, increasing the sale of your home by $768-$935, bringing you an average return of 769%.  84 percent of agents recommend this improvement. 

Clean and de-clutter.  Cost, $305-$339, increasing the sale of your home by $2,093-$2,378, bringing you an average return of 594%.  91 percent of agents recommend this improvement. 

Fix plumbing and electrical.  Cost, $338-$381, increasing the sale of your home by $922-$1,208, bringing you an average return of 196%.  63 percent of agents recommend this improvement. 

Staging.  Cost, $212-$1,089, increasing the sale of your home by $2,275-$2,841, bringing you an average return of 169%.  76 percent of agents recommend staging.  

Kitchen and bath upgrades.  Cost, $1,546-$2,120, increasing the sale of your home by $3,823-$4,885, bringing you an average return of 138%.  83 percent of agents recommend this improvement.

Repair flooring.  Cost, $1,531-$1,714, increasing the sale of your home by $1,714-$2,267, bringing you an average return of 50%.  62 percent of agents recommend this improvement. 

Paint exterior walls.  Cost, $2,188-$2,381, increasing the sale of your home by $2,907-$3,233, bringing you an average return of 34%.  57 percent of agents recommend this improvement. 

Replace carpeting.  Cost, $2,602-$2,765, increasing the sale of your home by $3,585-$3,900, bringing you an average return of 39%.  65 percent of agents recommend this improvement.  


(Proven strategies from the creator of Home Staging, Barb Schwarz and costs are typical and based on geographics only.)

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