As we move through 2024, the real estate market continues to demonstrate the significant impact of home staging on the sale of properties. Staging is more than just an aesthetic enhancement; it is a strategic tool that can significantly increase the value and speed of a home sale. Here are some key home staging statistics and insights we’ve found that underscore the value of staging your home before listing it on the market.
Key Statistics
- Faster Sales: Staged homes spend significantly less time on the market, often selling 73% faster than non-staged homes. This quick turnaround can be crucial for sellers looking to move quickly.
- Higher Sale Prices: On average, staged homes sell for 5% to 23% above their listing price. This substantial increase in sale price makes the investment in staging well worth it.
- Return on Investment (ROI): The ROI for home staging can be impressive, with some reports indicating an ROI of up to 550%. Staging costs typically range from 1% to 3% of the home’s asking price, with the potential to increase the sale price by up to 10%.
- Buyer Perception: A significant 81% of homebuyers say that staging makes it easier to visualize the property as their future home. This emotional connection can be a decisive factor in their purchasing decision.
Most Important Rooms to Stage
When considering which rooms to stage, focus on the areas that make the most impact on buyers:
- Living Room: Nearly 50% of buyers find the living room to be the most important room to stage. It’s where potential buyers envision spending a lot of their time.
- Master Bedroom: The master bedroom follows closely, with 43% of buyers considering it crucial for staging. This room should exude comfort and relaxation.
- Kitchen: The kitchen is another high-priority area, with 35% of buyers emphasizing its importance. A clean, modern kitchen can significantly influence a buyer’s perception of the home.
Trends in Home Staging
Current trends in home staging reflect broader design and lifestyle shifts:
- Neutral and Light Colors: These colors are preferred for their broad appeal and ability to make spaces feel larger and brighter, which is particularly effective for virtual tours and photography.
- Incorporating Greenery: Adding plants and natural elements can create a serene, inviting atmosphere, aligning with the biophilic design trend we’ve seen throughout 2024 so far.
- Home Office Spaces: With the rise of remote work, staging a functional and attractive home office has become increasingly important.
Overall, home staging is a powerful tool in the real estate market, offering substantial benefits in terms of faster sales and higher prices. By investing in professional staging, you can enhance your home’s appeal, making it more attractive to potential buyers and ultimately securing a better sale price. Whether you’re a real estate professional or a homeowner looking to make a lasting impression, our team is here to bring style and sophistication to every room, contact our team at Stage The Space to get started today.
Sources:
National Association of Realtors (NAR)