While effective home staging can influence first impressions of a property, new research concludes that the strategy by itself may not convince buyers to pay more.
College of William and Mary real estate and finance professor Michael Seiler led the study, called “The Impact of Staging Conditions on Residential Real Estate Demand.” He and his co-authors used professional rendering software to create six virtual home tours with varying degrees of attractive or neutral design and furnishings, ugly furniture and design elements, or no furniture at all. More than 800 home buyers were exposed to one of the tours, after which they reported how much they would be willing to pay for the listing. Regardless of the paint color or quality of the furnishings, study participants all said they would pay about the same for all six of the homes: $204,000. Check out the study: Staging Doesn’t Influence Selling Price.
If you have already moved out of the house you are selling, you generally have two choices. You can do home staging—either on your own or by hiring a professional—or you can let the house be shown empty. There are pros and cons to both, although many will lean toward the staging option. Consider the possible benefits of showing an empty home, however, before you spend money and time on staging.
An Empty Home Is A Blank Slate
When a buyer comes into an empty home, it is easier to visualize their own items in the home. They can picture just where their couch will fit, where to wall mount the big screen TV, and which wall will best showcase their favorite painting. The blank slate that is provided by an empty home lets the imagination of the buyer take over, allowing them to see the house as they would make it and not as you have made it.
An Empty Home Is A Cost Savings
Professional home staging can be expensive. So can renting furniture on your own. Leaving the home empty saves you all of those potential costs, and if it means the house takes a little longer to sell, you have still come out on top in the money department. Especially if you are on a tight budget, home staging might be a cost you just can’t afford.
An Empty Home Is Less To Worry About
There is nothing to steal or damage in an empty home, so you don’t have to worry about anything being ruined during an open house or a showing. You can also rest easy knowing that there is no real reason for anyone to break into a home that is standing empty.
While many experts will recommend home staging as a method of making the home more attractive to buyers, it isn’t always a necessity to get your home sold. Consider the possible benefits of an empty home, and then make a choice as to whether or not staging is right for you. Remember that you can always bring staging in if you are having no luck selling the home while it is empty.
When you have to continue living in a home at the same time you are trying to sell it, keeping it ready for a showing at any time can be a challenge. This challenge is doubled when you have children in your home. You want to be able to accommodate a showing whenever possible in order to get your home sold quickly, but when asked to let people in unexpectedly, getting things in order fast can be a challenge. Here are a few simple tips to get ready for a showing in a hurry!
Keep Some Drawer Space Free
Keep a drawer in your kitchen as empty as possible so that it can be a catch- all for the clutter that is hanging around, including unopened mail, pens and pencils, and other general kitchen clutter. When you need to pick up in a hurry, simply open the drawer and toss in whatever will fit. This can clear off your countertops in a hurry and make your kitchen ready for showing.
A Few Smart Hiding Places
Pick up a few storage ottomans and place them strategically around the house—in the entry, at the end of the hall, in the living or family room. When you need to clean up quickly, simply lift the lid and hide your clutter inside. People coming to see the house aren’t going to open them, so you don’t have to worry about filling them with all of the random clutter that can accumulate during the day. You can simply fit them into your home décor and they won’t be noticed at all.
Under bed storage bins are another quick and easy place to hide clutter fast. Slide them out and fill them with anything from that load of laundry you haven’t had time to put away to the kids’ toys in their bedrooms. Then slip them under the bed and no one will be the wiser.
Clutter has a way of building up in any home, but when you are trying to sell and need to clean it up fast, it’s a little more than a nuisance. Be prepared ahead of time by keeping your clutter hiding places ready to go, and you won’t ever have to stress about an unexpected showing again.