How Much Does It Cost to Stage a Home?
If you are someone wanting to stage your house, you must have considered how much it would cost and whether it is worth the effort or not. This blog would give you an overview of the average cost of staging a home and tell you how you can benefit from it.
You want to make it easier for buyers to envision living in your house if you’re selling it. One of the best ways to do that is through home staging, which is the process of decorating your house to appeal to potential buyers. It makes your home stand out in online searches, shine at open houses, and secure competitive offers more quickly. In fact, the Real Estate Staging Association found that in 2021, staged homes sold for about $40,000 more than the list price (RESA).
Price for House Staging:
Generally, it is said that the amount spent on staging should be within 1-2% of the total value of your home. For average homes, it can cost between $500 and $2500. This is usually when you have a regular size home and already available things which only need a little maintenance etc. However, if you have a luxury or vacant home to stage, it can cost you up to $5000 – $6000 as it involves buying or renting expensive furniture and other decorations. It is important to know the further price breakdown i.e., how much money is spent on what specific things. It can help you to analyze and reduce the cost at your convenience.
What things come under Total Staging Cost?
Whether you want to stage your house on your own or hire a professional stager, you should know what things you are likely to spend money on. This includes a few essential costs which are the same in both cases. If you hire a stager, you also need to consider consultation and staging fees.
The essential staging activities include Cleaning, Repairing, Painting, and Lighting. Several other activities may be relevant under the right conditions, but if you want to stick to the most straightforward and reliable ROI (return on investment), concentrate on those 4 main areas. Of these, cleaning or DE cluttering can be free as you can do it yourself. Repairs and Maintenance services can take up to $800-$1000. Painting and lighting supplies also come under $200-$700 each but you have to take labor costs into account which vary from area to area. Furthermore, if you decide to rent or buy furniture, it would definitely increase the total budget.
In the case of hiring a professional stager, you would have to pay the initial consultation fee as well as the staging fee. They are usually between $250 and $350. Most stagers have developed service packages in which they include their service charges in the total overall cost. However, you should make sure whether they are charging separately for consultation or if it is included in the given package.
Is Home Staging a worthy investment?
Home staging has been shown in several studies to be a worthwhile investment.
According to RESA, by spending 1.3 percent of a home’s value on staging, 73% of sellers saw a return of more than 7.1 percent.
Similar results were found in a report from the National Association of Realtors from 2021, where 23% of seller’s agents said that staging helped raise offer amounts by as much as 5%. Offers are increased by 6 to 10%, according to 18% of agents, and by 11 to 15%, according to 6% of them.
The proverb “time is money” also holds true here: Staging a home can reduce its time on the market by 33 to 50%.
If you want consultation regarding home staging in Canada, you can contact Divine Staging and Decor. We analyze your house and provide the most affordable staging services for you.
