Approximately 610,700 homes are sold in Canada each year. But, how many of these homes sold quickly and for the right price?
Selling your home is only part of the equation – you need to ensure your home doesn’t sit on the market and that you get the right price. You can achieve this by staging your home. Keep reading to learn all about the benefits of home staging when selling your home.
What is Home Staging?
Home staging is a service offered to increase the visual appeal of your home. Visual appeal is one of the most critical factors in a buyer’s decision to place an offer. Since most buyers view homes online, they choose which houses they would like to view based on their online images.
Staging your home can be helpful to ensure your real estate photographer catches the best features of your home. You could stage your home yourself – however, homeowners can oftentimes become blind to the flaws in their homes. This is why it might be beneficial to invest in the services of a professional home stager. They will be able to provide an objective perspective on what your home needs in order to have it looking its best and be more appealing to buyers.
The home staging service is designed to help your home appeal to buyers and to ensure your home is in demand as soon as it hits the market.
Benefits of Home Staging
If you are unsure whether home staging is worth it, check out some of these significant benefits of home staging.
Selling Faster
A Real Estate Staging Association study shows that staged homes spend 73% less time on the market than homes that have not been staged. Nothing makes the home-selling process more tedious than waiting for months for your home to sell. You need a quick sale to move into your new home and start your new lifestyle. Staging your home ensures you don’t get stuck in home limbo for a year.
Fetching a Higher Price
If your home is more appealing to buyers, they will be more willing to pay top dollar for it. Another study by the Real Estate Staging Association found that 85% of the staged homes in the study sold between 5 and 20% more than the original asking price. If buyers fall in love with your home, they will be more likely to compete for it and increase their offer. Emotion is a significant driving factor in homebuyers’ decisions and making them fall in love with your home will encourage buyers to offer more money for it.
Staging Accentuates the Best Features of Your Home
Your home’s best features need to be accentuated with decor and furniture placement to ensure your viewers see what’s unique about your property. The room’s contents should compliment fireplaces, stove ovens, security features, and architectural features. This will improve your home’s ambience and give prospective buyers a better impression when viewing your home.
How to Stage Your Home and Make Your Home Sell Faster
Here are some of the best tips for staging your home to make it sell faster and above asking. If you can’t afford a home stager, it can be helpful to learn some inexpensive staging solutions:
- Use shelving and storage areas for display – our real possessions may often be unsightly. Replacing the old and worn books on our shelves with coffee table books displayed perfectly with plants and candles can make a big difference. Using display items can give your home more of an editorial look.
- Cleaning and repainting – you want to make your space look clean. You or your stager should repaint any worn areas and scrub your home and carpets to ensure a clean look.
- Positioning and sizing of furniture – your stager will know the proper proportions and positioning of furniture to make your home look more prominent. They will also know how to create a cohesive decor in each room and ensure nothing is mismatched.
- Appealing to your target buyer – whether your home is a one-bedroom apartment or a four-bedroom home, you want to appeal to your target buyer. Your stager will be able to decorate your place with items and furniture that will make it more appealing to your target buyer.
Summary
If you’re thinking of selling your home in Canada, it’s worth investing in the services of a home staging company. Or, if you’re trying to stick to a tight budget, try researching the trade tricks so that your home is looking its best. If you stage your home right, you will be able to sell more quickly, and you will likely get more offers above your asking price. The benefits of staging your home far outweigh the effort it takes to spruce your space – so let your inner interior designer out!