Home staging on a budgetDate posted: 6/30/16 09:00:00 AM
Staging a home can help you sell your home faster by attracting more interested buyers. According to the 2015 Profile of Home Staging, how well a home is presented has a substantial impact on how a buyer values the property. A little more than a third of realtors stage all homes to entice a higher number of potential buyers as it is an especially successful way to do so.
"Realtors know how important it is to have a home in the best shape possible when showing it to prospective buyers," said the National Association of Realtors' president, Chris Polychron. "At a minimum, homeowners should conduct a thorough cleaning, haul out clutter, make sure the home is well-lit and fix any major aesthetic issues. Another option is staging a home, which Realtors often suggest to sellers to help prospective buyers better visualize themselves in the home and could modestly increase the home's value for both the buyer and seller."
However, the average cost to stage a home is $675, so if you are working with a lower budget, you may not be keen on spending this kind of money. Fortunately, there are more affordable ways to dress up your home to appeal to today's interested buyers.
Follow these tips for affordable home staging:
Pack away personal items
Eliminating the clutter in your home is the cheapest and easiest way to begin staging your home, noted Bankrate. In addition, getting rid of any personal items is key because you want interested buyers to imagine themselves living in the space. Photos of your family or children's artwork on the walls can be distracting.
"You cannot believe how long potential buyers will stop and stare at people they do not know in photos," said Jennifer Radice, a real estate agent.
Stain or paint outdated cabinets
Replacing cabinets can be very expensive. However, if your kitchen or bathroom has outdated woodwork in these spaces, it can be an eyesore that leads to fewer offers on the home. To save money while updating the appearance of your kitchen and bathroom paint the cabinets another color or stain them, suggested HGTV.
Find other ways to save in the kitchen
Stainless steel appliances and granite countertops are in high demand. However, these items are expensive if you need to invest in them. A more affordable alternative to replacing your appliances is to resurface your existing dishwasher or oven with a faux stainless steel cover plate.
When it comes to installing granite tops, consider asking vendors for remnants for previous projects and do some of the work for the completion of the project yourself. For example, take on the demo to save money up front.
Paint with purpose
A fresh paint job can enhance your home greatly. Select neutral colors to appeal to more interested buyers. Bold shades may turn off some individuals.
"The moment the potential buyer walks into the front door they should be 'wowed' by the rooms on either side of the entry," said Julie Preston, an interior designer, according to Realtor Mag. "Paint a nice neutral khaki color allowing for the painted or stained wood work to stand out. Make the color bold enough to make a difference, not just an off white. Tans and khaki's 'warm' the space."
If you already know where you are moving, when you change your address at the post office you are given a packet with coupons for various stores. Use the coupons for hardware stores when purchasing paint and other renovation materials.
By painting stripes or having an accent wall, you can also save money on paint as you won't need to purchase as many gallons. In addition, these stylish techniques may entice hopeful homeowners who are looking at various properties.
Deep clean your home
You would be surprised how much cleaning your home can make a difference. Not only does it make your house spotless and more appealing to buyers, but it also is a great way to eliminate odors that you may have grown immune to.
If you have pets, when showing the home, you may want to bake cookies or bring a pot of water and cinnamon sticks to a slow boil to mask any smells.
Spend some time outside
While enhancing the interior of your home is essential, you can't forget about the exterior. This is where buyers have their first impression, so make sure it's a good one.
An affordable way to keep your house looking good is to weed any flower beds, tend to your plants and mow the lawn. If you have the funds to invest more money in enhancing this space, consider the following affordable exterior improvements:
- Replacing the front door
- Adding potted plants to the entrance
- Updating door hardware
- Replacing house numbers
- Investing in porch lighting
- Adding an ornate door knocker
- Pressure washing walkways
- Adding mulch to flower beds
Dedicate a weekend to improving the outside of your home. It doesn't take too much money or time to enhance this space and upgrade the curb appeal for interested buyers.
Ensure every room has a purpose
Another affordable way to stage your home is to assign a purpose to each room. Walk through your home and determine whether there is a clear purpose for all the spaces. If you aren't sure, spend time making it more obvious.
For example, if your home office doubles as a storage room, move extra items to a storage unit. If some of your furniture seems worn, paint it to update the look.
Show off your storage space
Don't cram your closets full of your belongings when trying to sell your home. This won't properly showcase the available space. Consider throwing out, selling or donating items. Store other belongings in a storage unit.
In addition, going through your closets now will save you time when it's time to pack up and move.
Staging your home doesn't need to be expensive. Investing time and money where it counts is a better strategy.
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