The Real Cost of Furniture Staging

If you’re already getting ready to move, then you probably don’t want to incur any extra costs. However, furniture staging is an essential expense for anyone who wants to sell quickly and get more money for their home, even in a cold market. It allows you to optimize your home’s appeal for the most potential buyers, which is why it is actually a cost-saving measure.

Helps You Get More Money

90 percent of real estate agents agree that furniture staging does affect selling price. In fact, agents from the National Association of Realtors (NAR) have revealed that nearly half of the home offers they receive are higher when the home has been staged, and that can increase a home’s value by up to 20 percent!

On average, the cost of furniture staging is typically around one to three percent of the asking price. However, homes that are staged often earn a tidy 6 percent more than asking price! The bottom line is that an initial investment in furniture staging can yield an 8 to 10 percent return on investment.

Sells Faster

They say time is money, and that’s especially true when selling your home. Furniture staging can help reduce listing time. Research shows 62 percent of sellers’ agents say it may even cut the time in half. On average, homes with well-placed furniture spend about 42 days on the market. As a bonus, NAR data shows buyers are more willing to overlook home issues when the space is thoughtfully designed.

The Pro Move

If you need another reason to invest in furniture staging, then you should know that this is a practice realtors adhere to in order to get the best sale. According to the NAR 2017, 38 percent of sellers’ realtors stage all of the homes they represent before listing them, because they know it affects the way buyers view the home.

It also helps buyers “see” themselves in the home, both online and in person. 90 percent of home shoppers look online first, and furniture staging enables your listing to have plenty of gorgeous photos to attract serious buyers. According to NAR, more than 81 percent of agents for potential buyers said furniture staging made it easier for their buyer to see the home as their future residence.

Compare the costs

When you consider the 8 to 10 percent return on investment, selling faster and for more money is hard to ignore. While the initial cost may seem unappealing, it’s an investment that pays off. In fact, adding furniture can actually save you money in the long run. If you’re preparing to sell your home, check out our home staging program to get started.