Some people often question why should they stage their property? The Real Estate Staging Association (RESA) conducted a study of 174 homes previously on the market. These homes were on the market for an average of 156 days before the homeowners gave up trying to sell their home on their own or with the assistance of a real estate agent. After enlisting the assistance of a professional home stager, those same homes were staged, relisted and sold on average of 42 days. This reflects 73% less time the homes were on the market.
Staging saves time, saving time saves money! Below is an example, using this formula you can determine approximately how much money will continue to be spent while the home is on the market un-staged.
If the mortgage/rent is: $1,800.00
If the expenses are: $300.00
Total carrying cost per month: $2,100.00
If staged first, the time on market will be reduced by 139 days on average (4 months). $2,100.00 x 4 months = $8,400.00. Staging the home first will save the homeowner $8,400.00!!
These numbers are relative to the individual mortgage and expenses associated with the property. Use this simple formula to determine how much you have the potential to save by staging your home before listing it. What you invest in staging your property far outweigh what you will spend in carrying costs per month. There’s also the potential to write-off your staging fees if you use a professional stager when selling your home.
Click on the calculator below to calculate the savings for yourself!