There’s more to home staging than beautiful furniture and decluttered spaces. Studies show the benefits of hiring a home staging company outweigh the costs. Here at CURATED. in Miami and Broward, we understand first-hand how important it is to stage a property before it’s on the market. Not only will a touch of design decrease the home’s time on the market, but it also is proven to increase the home value, therefore bringing in higher offers. Studies by the National Association of Realtors, along with other real estate companies including Coldwell Banker, have found that preparing a house for sale through staging is critical in its success on the market. Here, check out the shocking statistics that will have any potential seller or agent book a home staging company right away.

Staging a home decreases the time on the market

In the real estate world, time is indeed money. Most sellers want to minimize any time on the market as soon as they get an optimal deal. According to the National Association of Realtors (NAR), 62% of sellers’ agents agreed that staging a property decreases the time on the market. One 2018 study consisting of 634 homes from the Real Estate Staging Association (RESA) found that staged homes spent 86% less time on the market compared to those un-staged. It’s difficult to predict in concrete terms what the housing market will look like in a mere couple months, but if anything’s for sure, home staging is proven to maximize your success during sale.

Less time on the market means less of a burden on your wallet

Now that you know home staging can help decrease days on the market (DOM), you might have already guessed what we’re about to say next: less time on the market means more money in your wallet. RESA found that even reducing one month on the market can save you money. Between mortgage payments and direct expenses, the total carrying cost per month definitely adds up. RESA’s study found that homes that were staged prior to listing were sold on average in 18 days, while un-staged homes spent approximately 107 DOM. Not only can home staging accelerate your property’s sale, but it also is the difference between paying and not paying another hefty mortgage expense.

Staging helps buyers visualize homes better

When you think about practically selling a property, no potential buyer enjoys going into a messy or empty home. Empty properties without furniture oftentimes can make a room look smaller, dissuading some prospective buyers. Not only do 81% of buyers say home staging makes it easier for them to visualize the home as their own, but also 96% of buyers’ agents say that staging has an affect on some buyers’ impression of the home. Those statistics aren’t so steep by coincidence. Having a home staging company design a home with subtle decorations and tailored furniture makes spaces more inviting and appealing to buyers.

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Staging increases home value and can bring in higher offers

Along with adding an important aesthetic dimension to the home, staging can significantly increase home value. According to Coldwell Banker Real Estate Corporation, buyers are more open to spending 1% to 5% more of the dollar value after viewing a staged home compared to an un-staged home. Even better, the corporation’s survey found that staged homes sell for 6% above the asking price.

One thing is for sure - finding and partnering up with a home staging company you trust is key in maximizing your returns when selling a home. By taking strides to increase the visual allure of the home, you’re simultaneously increasing the value and helping a home look inviting for potential buyers.

As an agent, reducing time on market and increasing sale price will greatly affect your reputation and your ability to sign more listings and get referrals based on your stellar track record.

Don’t currently have a staging partner? Give us a call and set up an appointment to get to know the CURATED. Team first hand.