Research data shows that home buyers have a hard time imaging how they would best use utilize the “empty spaces” when they are buying homes. This is the exact challenge that staging solves for sellers since it can shorten the marketing and sales cycle. However, since you are the one paying for the cost of staging, deciding to stage or not to stage is worth exploring cause the costs could add up if you are not careful.
It is not easy to estimate the cost of staging unless you understand the Average Marketing Time for the “KIND” of property you are selling. For instance, in a hyper-active market like Silicon Valley, there is literally no need to stage homes that are priced under $1M since they are selling within days with multiple offers.
Here are some questions to consider before deciding to stage:
1) Will your home be in competition with mostly new or remodeled homes?
2) Is your home size has more than 2,500 sqft of living space?
3) Do you have rooms that are empty?
4) Can you afford to spend $1,000-3,000 per month on Staging costs?
5) Does the home have any curb appeal? What will the 1st impression of the New buyers will be when they drive by?
If the answer to these questions is a resounding Yes, then you might want to consult a Home Staging Company to get estimates on how much it would cost to stage your home during the marketing period.
But it never hurts to start with a Free eBook on your Home Value before you list since you might not need staging after all.