Your real estate agent, friends or neighbors may have mentioned the idea of home staging to attract potential buyers. It’s easy to see why — research shows that home staging is worth the investment. An estimated 90 percent of staged homes sell in the first month. Plus, professionally staged homes sell on average for 3 percent higher than the listed price.
To decide whether home staging is right for you, here’s a look at the estimated costs and potential return on your investment.
What Is Home Staging?
Home staging involves decorating your home to make it more desirable to potential buyers. This strategic effort usually involves installing new furniture, artwork and other decor to give your home a clean, fresh feel and help buyers picture their own furniture in the space.
You want the look of your home to help prospective buyers imagine themselves living there. For this reason, most people who opt for home staging hire an experienced professional.
How Much Does Home Staging Cost?
An initial consultation with a professional home stager will usually cost several hundred dollars. Some stagers charge by the hour while others have a flat fee. The actual staging depends on the specific home stager and the type of home staging you choose.
Options and Prices for Home Staging
Do you already have chic, modern furniture, but want advice on how to best decorate your home? Or do you need to rent home staging furniture to elevate your space? You have a few home staging options, each with a different price tag, including:
- One-time consultation: If your home is already furnished, home staging is much cheaper. The home stager may charge a one-time fee of around $1000. They will help with organization, decluttering and arranging your furniture for an aesthetic appeal to potential buyers. They may recommend artwork, window treatments or furniture to improve the look of the staged home.
- Furniture and decor rental for the entire home: If your home is vacant or the existing furniture is not suitable for staging, the costs can rise. The home stager will decorate the entire home, including rental furniture, for about $1 per square foot. If your home does not sell right away, you will have to pay a monthly fee to keep the furnishings in the space.
- Staging one or two key rooms: If you are opting for fully furnished staging, you may choose to have only key rooms staged, like the living room, dining room or master bedroom. Cutting down the number of staged areas can save on costs.
For more advice or help with selling your home in or around the York, PA, area, contact CENTURY 21 Core Partners.