Should you hire a home stager?
They're the fairy godmothers of the real estate industry.
They take your dark, cluttered and style-challenged home and
transform it into a buyer's dream. They're
home stagers -- professional stylists who size up your home and
suggest ways to make it more appealing.
Think of a home stager as a combination interior designer/real
estate agent. Like designers, home stagers know how to emphasize
your home's assets and play down its flaws. Like agents, they
know what buyers in your area want and will suggest improvements
with the goal of increasing your home's saleability.
You can purchase many levels of
service from a stager. If you don't want to spend a lot
of money, you can have a stager walk through your house and make
recommendations to make it show at its maximum potential. This
might include removing clutter, painting the walls or hanging a
couple of mirrors in strategic spots. For a larger fee, a stager
will redecorate your house, repositioning furniture, arranging
flowers and fruit and putting out new towels in the bathrooms.
Some stagers have a warehouse full of furniture and accessories
they can use to make over your home.
The cost of a home staging will
vary with the size and condition of your home and whether the
stager charges a flat fee or hourly rate. Typically, it
costs about $100 for a quick inspection and recommendations for
improvements. But if redecorating and furniture rentals are part
of the package, a staging could cost thousands for a large home.
Stagers say the cost is worth
it, based on the higher prices commanded by homes they fluff,
and the speed with which they sell. Joy Valentine, a
California-based Coldwell Banker real estate broker, analyzed
data from the sale of 2,772 homes in eight California cities in
1999. She found that the average time the homes were on the
market was 30.89 days and that the sale prices averaged 1.6
percent above list prices. By contrast, the staged homes in the
sample were on the market for an average of 13.9 days and sold
for about six percent above their list prices.
According to Barb Schwarz, founder of the Accredited Staging
Professionals, staging can increase prices from two to 10
percent in a moderate market and up to 50 percent in hot markets
or for luxury homes.
Before you get out your
checkbook and hire a stager, consider whether it is worth it,
given local market conditions. Houses in a hot seller's
market may not need staging in order to move. In some areas,
staging may be interpreted as a deceptive practice.
Further, many sellers are skeptical about the benefits of
shelling out money for the tried-and-true advice of "a
little paint, scrubbing and a ficus tree." And if homes and
prices in your neighborhood are modest, it likely won't pay to
have your home staged to look like the Taj Mahal.
For busy people, the money may be well spent. Home stagers can
whip your home into selling condition, often in just a day. If
you need to sell quickly or if your house has languished on the
market for months, staging might help.
If your home could benefit from a stager's services but the cost
is prohibitive, discuss the potential benefit of using a stager
with your real estate agent. Some
REALTORS?/sup> will pay all or a portion of a stager's
fee as part of their marketing plan.
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