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From Wikipedia, the free encyclopedia

Home staging is the preparation of a private residence for sale in the real estate marketplace.[1] The goal of staging is to make a home appealing to the highest number of potential buyers, thereby selling a property more swiftly and for more money. Staging techniques focus on improving a property's appeal by insuring it is a welcoming, attractive product that any buyer can see himself/herself living in and, thus, desire to purchase.[2]

Staging requires a monetary investment into selling what are some people's greatest investment: their home and property. So it is not just decorating, but also needs to include an understanding of how to find the equity in that home and property, where the Real Estate market is for that home, in that neighborhood, so the homeowner can choose where to make those investments. Comparable houses for sale on the market in the area also needs to be considered to know how to stage the home so it sells quickly and for more money. Return on Investment is the purpose of Staging.

As for simple decorating to stage, people often use art, painting, accessories, lights, greenery, and carpet to stage the home,[3] to give potential buyers a more attractive first impression of the property.[4] They also rearrange or "temporarily replace" furniture.[5] Properly executed staging leads the eye to attractive features, while down-playing flaws. Different areas and rooms of a home can have varying levels of impact when convincing potential homebuyers, and therefore some rooms can be considered more important than others when it comes to staging.[6]

Home staging is not without controversy: "rattled" was a NYTimes-cited reaction by a writer with a library room being told that "More than 50 percent of shelf space devoted to books equals clutter."[3]

History

Canada

Home staging is becoming a crucial part of any real estate transaction during the past 10 years in Canada. Real estate agents need to know at least basic practice and trends to become successful when selling their clients homes in Ontario and Toronto. The costs for home staging which is covered in the commission of the listing agents are different from home to home. Almost all new built homes are staged in Canada when they are listed. Sometimes the realtors pay professional home staging individuals per visit or per hour on top of the monthly fees to keep the homes staged before it is sold. During the Covid pandemic virtual staging got popular when open houses were cancelled and home showings were restricted in Canada.

Sweden

In Sweden, professional home staging, known as homestyling, became popular after 2000. Professional home stagers claim homestyling yields around 10% higher pricing compared to just cleaning the home.

UK

In Britain, home staging is sometimes referred to as property presentation or property styling. The techniques were televised by home stylist Ann Maurice in the show House Doctor on Five for six years.[7] and popularized the alternate description "house doctoring." Her follow-up show is named House Doctor: Inside And Out.[7]

U.S.

Home staged for resale - family room, kitchen
Home staged for resale - family room, kitchen

The New York Times described the seller's situation as "... not always happily, in the company of unfamiliar sofas ... tables ..." while some of what they own is placed in temporary storage.[5] However, U.S. research states that home staging can reduce a listing's time on the market by one third to half, and could fetch as much as 6% to 20% more than an empty home or a home not properly staged.[8]

Home staged for resale - nursery
Home staged for resale - nursery

The pricing is not just for a one time dollar amount; high-end fees can be "$3,000 a month" (part of which is for renting replacement furniture).[5]

The practice of home staging has long elicited strong reactions. Agents and professional stagers point to examples like the Sarro-Waite apartment, and say staging can usually help a home sell faster, and for a higher price, offering a larger return on the investment. [9] There is criticism on the fact that buyers will have to pay more for nothing, the furnitures aren't part of the sales.

One 2018 professional view is that it's five years past simple decluttering and some light painting. Home staging services have sizable inventories of alternative chairs, current accessories and even pillows, blankets and towels.[5] A decade prior,[10] the simple view was that sellers believed in paid-for-staging, since it raised property values by reducing the home's perceived flaws. More recent changes now include depersonalizing,[3] improving overall condition and even landscaping. For vacant homes, prop or staging furniture is used to create a living space where the buyer can imagine themselves living and also better understand the sizes of rooms.

Prices for initial consultation and monthly follow-up fees vary by region[11][10] and by the size of the property (including number of rooms).[12]

Television shows

References

  1. ^ "Secrets of Home Stagers". Washington Post. August 26, 2014.
  2. ^ Sarah Gleim (October 31, 2005). "Setting the stage for a sale". Atlanta Business Chronicle. Retrieved March 10, 2019. to see the home as theirs
  3. ^ a b c Peter Haldeman (August 10, 2016). "The Twilight Zone of Home Staging". NYTimes.com.
  4. ^ Holmes, Tamara E.: "Home staging key to selling" Bankrate.com, Real Estate Guide 2010
  5. ^ a b c d Joanne Kaufman (November 23, 2018). "Send in the Stagers". The New York Times.
  6. ^ https://cdn.nar.realtor/sites/default/files/documents/2021-profile-of-home-staging-report-04-06-2021.pdf
  7. ^ a b "Ann makes everything rosy in the home". April 14, 2006. taking old things and reworking them
  8. ^ "Staged Homes Sell Faster for Higher Prices". nwi.com. Retrieved 6 September 2013.
  9. ^ McKeough, Tim (2016-01-22). "The Art of Home Staging". The New York Times. ISSN 0362-4331. Retrieved 2019-11-19.
  10. ^ a b Ellen Florian (March 3, 2006). "Your Home: Maximize your sale price".
  11. ^ "Staging costs". AARP: The Magazine. March 2019.
  12. ^ Lena Katz (July 31, 2018). ""It"s Just For Ultra-Expensive Properties" And Five Other Home-Staging Myths, Busted". Forbes.
  13. ^ Rafighi, Matt. "Insider tips for selling your home in Canada". www.matthomes.ca. Matt Rafighi. Retrieved 17 June 2021.
This page was last edited on 21 September 2021, at 08:02
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