Renting out your property is a poor option for many reasons, but if you sell there’s no reason why you shouldn’t be doing these small things that can make you thousands of bucks.
This book is a giant breakdown all the extra steps you need to take to earn that extra money on the sale. These are proven methods to raise the price of your home. Staging and these other strategies, are all backed up by statistics that are going to prove how important these extra steps can be.
These steps are going to improve your home and make it so much more welcoming to your audience during any drive-by or walk through. The improvements will affect the online presence a great deal as well. There are just so many mediums and platforms where houses are advertised that it is even harder to stand out. That just places the importance of its appearance into a higher level.
There are a lot of options on how to get this done. You can choose a professional stager or a staging company, as many of them are available in most cities. Maybe even something like a property stylist is a great idea, since it will just make your house stand out that much more.
What do We Mean by the Word “Home Staging”?
Home staging is the process where your home is prepared, dressed up and presented to look extra attractive and extremely welcoming to any type of prospective buyer you might have.
So you’re not investing in new furniture and spending thousands of bucks on this project right off the bat, but you or your professional's first step is going to be to do as much as possible, with everything that you already have in your house.
Home staging is all about creating more space by cleaning clutter, unneeded objects or furniture, giving the rooms a fresh and neutral color and making any sort of repairs that you deem important. Replacing carpets and floors is another common occurrence as well.
The priciest times will probably come with making your updates and repairs, inside or outside your house. The cheapest parts are maximizing your space by moving objects around and cleaning your house out. Rearranging existing furniture, cleaning the inside and outside of the house, as well as the rooftop are some of the simple steps this process involves.
Another important part is bringing in and choosing new accessories and furniture to dress up your newfound space, creating a welcoming and warm environment. Home staging makes prospective buyers see all the possibilities of purchasing the home and living in it. They need to be able to imagine their own life’s taking place in each part of the home.
Money spent on staging should not be considered as waste, but should be seen as an investment or cost of doing business, and it will be recovered when the property is sold. It will pay off in the long run when the home's perceived value is boosted.
Does Home Staging Really Work?
According to the information from the Real Estate Staging Association, properties that are well-staged professionally, look more appealing and spend less time (about 75-percent less) on the market. They are most viewed by buyers as “well-maintained” and “must-see” houses, and subsequently sold at a higher price.
When it comes to acquiring real estate, the majority of the prospective buyers imagine or think they can overlook empty rooms or poor décor and see only potential, but they really can’t. This is the main reason successful builders use model suites and model homes to sell their projects.
The sole purpose of this is to make it easy for prospective buyers to envision how they will live in the house. It gives an example of the type of comfort and life that these prospective buyers can have in the house.
Why Changing Things and Making Small Improvement Can Gain You Thousands?
Experienced home sellers discover that the same principles from modeling a home are also useful in the resale market, thus, they rely on professional home stagers to make sure that they sell at a higher price and get off the market quickly.
When hunting for a house, home buyers start with a reasonable list of prospective properties, but the house they actually buy is often chosen mainly for emotional reasons (except for investment properties which they have no plans of living in).
The main aim of staging a project is to ensure that prospective buyers see the great possibilities owning the house will bring their way. The prospective buyer can walk into the home and have that “finally, I’ve gotten my dream home” feeling.
If potential buyers are pleased with the house, they are willing to look beyond some of the “must have features” they had before checking out your staged house. That is why it is paramount to put minute details into consideration.
Small things that you overlook such as personal memorabilia, over crowded rooms, ugly doors or dripping taps, can help disengage the buyer emotionally from the home.
All they will think of are the problems they will have to face later, and they immediately shift their attention to the next appointment while writing off your house as a realistic possibility. The greatest motivator for someone to make an offer on your property is a connection they make with it while imagining their life there.
If this can be achieved, then you may have put an end to the buyers’ search for their perfect choice. Your motive is to keep them restless, if they make a decision too late, someone else will take over their supposedly dream house.
How Your Listing Should Look Like Online?
During this day and age, this may be the most important aspect. Know that most prospective buyers first look online for what they want, before ever employing the services of real estate agents.
From a survey carried out, 90-percent of home buyers in the United States search for houses on the internet. When listing a house, the photos of the house need to be captivating to the buyers. So much so that they can’t wait to see the house in person.
It is not necessarily required to buy new furniture during your home staging. You can make do with what you have available, but they need to be rearranged in way that will look appealing to potential buyers. You should be careful while spending on a house that will be sold, make sure you work on the important stuff to make the house appear impeccable, if not you may even end up getting lower offer.
If your spending is done appropriately by changing some worn out things and improving of other facilities then you stand a better chance of not only selling your property quickly, but also at a price that will earn you even more money.
There are numerous things you will need to do in order to get you property ready for the market. Get rid of your clutter. This may be difficult, especially if you don’t have a lot of time to decide on what to keep or what should be thrown out.
At this point, all your emotional attachment to your things should be kept low. This may keep you from realizing how cluttered it will appear to strangers.
Summary of What Changes and Improvements Should Be Carried Out
Looking at it from a theoretical perspective, staging looks simple and less expensive. But most homeowners find it hard. It is often difficult to see things objectively when we love them.
The following are some basic rules that need to be followed for proper staging of a home:
· Your house must be clean. “Sparkling” should be the right word to use for your house. This is often achievable and only feasible by employing the services of a cleaning crew.
It is even considered a good investment to have the cleaning team come weekly to inspect, while your home is for sale. Your windows and other places should be professionally cleaned outside and inside too.
· Fixing or replacing things. Having a cracked tile or a dripping faucet will definitely send a wrong impression to prospective buyers. Replacing them or getting them fixed before putting your house for sale is mandatory.
· Get rid of clutter. Make use of the “50-percent rule”. You get rid of clutter in your house by at least half. Since we love our stuff, this may be the most difficult rule of all. Our stuff reflects our hobbies, memories, and values.
But unfortunately, clutter doesn’t sell a home. Clutter makes a home seem disorganized and smaller.
· Using neutral colors. It’s a well-known fact that using neutral colors sell. Conveying an image of neutrality and quality is important. Prospective buyers walk through your home imagining themselves as the owners.
Painting your home with some odd or loud colors can turn a lot of buyers off. They won’t be able to imagine living with those colors.
· Depersonalize. Getrid of objects that your prospective buyers will not be able to reckon with. For instance, religious and political stuff may turn off groups of potential buyers, because it is difficult for them to see your home as theirs.
Acquiring a home is quite emotional, and you want prospective buyers to attach emotion to your home by making it possible for them to see themselves as the owners.
Although staging a home should cover every area of the house, there are some specific places you need to make sure are in the best state. The entrance to your house, kitchen, bathroom and toilet. Most buyers put more emphasis on these areas.
If you can make changes and small improvements in your home, no doubt, you will be rewarded greatly for your effort.