After a few years of record-breaking home sale prices, the real estate market has cooled down. Now, homeowners are disappointed as the average house is currently selling for below listing price.
One way to boost your home's value to expected levels is to utilize staging. Home staging is decorating and cleaning a house to make it more aesthetically appealing to prospective buyers.
An increased home value is not the only benefit to expect when staging your home. We will discuss the additional advantages of learning how to stage a home in this complete guide.
Home Staging Offers Impressive ROI
ROI refers to return on investment. When homeowners invest only 1% of their home's listing price into staging, they see an ROI of 5% to 15%. That means if you spend $1,000 on staging, your home value can rise by $5,000 to $15,000.
The only types of improvements with better returns are remodels, window replacements, and home exterior updates. But these repairs cost thousands of dollars. Staging is a far more affordable way to up your home's value.
Home Staging Helps Homes Sell Faster
Staging your home will not only make it sell for a higher price. This one practice can also increase the sales timeline. According to the Real Estate Staging Association, staged homes sell three to 30 times faster.
Selling your home fast may not seem like a big deal if you have plenty of time to move. But considering that many buyers avoid homes that stay on the market for more than 30 days, staging may increase demand for your home.
Home Staging Allows Buyers to See the Vision
Why do homes sell faster and for more money than homes that are not staged? There are many reasons, but an important one is that staging allows prospective buyers to better visualize themselves living in your home.
Walking through an empty house feels cold and unwelcoming. Key features fade into the background, and spaces look smaller without home furniture as a reference. With proper staging, your Bethesda home will be far more appealing.
Home Staging Makes Homes More Competitive
Despite all these benefits, only 19% of US homes sold in 2021 were staged. An even lower number of entry-level houses (properties worth $100,000 to $350,000) were staged before selling at only 6.3%.
Staging can help your house stand out from local competitors. This benefit is even more profound for properties in the lower price ranges. Your house may be the only affordable staged home for sale in all of Bethesda!
Need More Advice Before Selling Your Bethesda, Maryland Home?
Home staging may be just what you need to sell your home faster and for a higher price. This one tool can help buyers envision life in their future home and make your property stand out from other listings.
If you are gearing up to list your Bethesda home, you may be wondering how to get top dollar. PMI Capital Region is a property management firm that helps Bethesda buyers and sellers.
Contact us to learn about our real estate advisory services.