Staging on a Budget…5 Essential Rules and Tips

If you want potential buyers to choose your property over the competition, staging your home can make your house stand out from the crowd.

Staging is a new concept for most sellers, but a crucial step in getting your house sold. Presentation is everything!

As a marketing tool it helps to get people in the door. Today’s buyers look on the Internet before contacting a realtor to show them the house. If you don’t have beautiful pictures of your property they will not take the time to visit your home.  It also adds perceived value to your home which can translate into a higher sales price.

Home owners can make the changes themselves or hire a professional home stager. Professionals have an expertise that the home owner may lack to successfully stage their home.  They comes into the home with an unbiased eye. They are not emotionally attached to the home or the objects within it, allowing them to be objective, which is essential for a successful stage and ultimately a quicker and profitable sale.

Should you choose to do it yourself, here are some rules and tips to follow.

Rule # 1:     DE-PERSONALIZE

People want to envision themselves in the house – not you. Children and wedding photos may be important to you, but are a distraction to the buyer and prevents them from seeing their family in the home.

staging mantle - depersonalize

Rule # 2:     MAXIMIZE

Declutter and organize. This will maximize the space in your home. Children’s toys strewn about and rooms stuffed with that extra table or chair make the place seems small.   Closets packed tight with clothes gives the illusion of a lack of closet space. Consider temporary off site storage.

staging closet 2

staging kitchen

Rule # 3:     SANITIZE

The easiest and cheapest way to stage your home is to just clean it. Dirty dishes in the sink, pet and garbage smells and grim in the bathrooms are a turn off for any buyer. Nothing is better than walking into a house that smells and looks fresh. Take the extra time to wash down walls, floors and baseboards. Clean, sparkling windows brighten the space.

Rule # 4:     MODERNIZE

Unless you live in a new construction (2009-2014), or have done a recent renovation, every home can benefit from a little updating. Buyers will offer a lower price if they feel the house is dated. Simple changes such as replacing the kitchen and bathroom hardware from brass and gold to nickel or chrome creates a fresh, contemporary look. A new coat of paint, or stain, on those dated cabinets will dramatically transform the space. Organize cabinets inside as well as out.

staging kitchen cabinets

staging kitchen cabinets a

staging kitchen

Rule # 5:     NEUTRALIZE

Color can make or break a buyer’s interest in your home. Your daughter may love her shocking pink walls, but the buyer will only see $$ signs if the colors do not match their own style. A new coat of a gender neutral color is one of the most inexpensive ways to change a look and also to modernize. Consider removing or raising window treatments to allow the light in which makes a room feel spacious and inviting.  

staging living room

staging living room 2

staged living room

 

Here are a few related articles you might want to read prior to putting your house on the market.

 

 

Sales Down..Prices Inching Up..New Canaan CT 2014 Real Estate Market Report

The chart says it all… sales were down 6.7% from last year. The housing market, along with the job market, are still in recovery mode.  The good news for buyers was an increase in inventory, which at one point reached 364 homes on the market; however, homes listed between $1 and $2mm continue to be in high demand.

Yearly Tally of Monthly Sales in New Canaan

There was also a bit of good news for sellers as sales prices are beginning to rise from the dramatic decrease we experienced during the recession. The median sales price rose approximately 18.7%.

A big increase in the median price doesn’t necessarily mean prices are up. The real story is that high-end buyers were enticed by markdowns. So while there was more high-end activity, the prices were mostly disappointing for sellers.

Sellers need to be patient as it took longer to sell that house (199 days in 2014 vs 119 days in 2013) due to increased inventory and aggressive pricing. Pricing is key.

Single family Homes Sold by Price

The local housing market is still recuperating. We can’t call it transformed because there are people who want to sell but who can not because they owe more money on their homes than they can get for them.

Credit continues to be tight which is slowing the housing market when would be homebuyers have trouble getting financing. Hopefully this will ease up in 2015.