This week, Megan Gates — a writer for Douglas Elliman Real Estate — is our guest contributor. Established in 1911, Douglas Elliman has grown to become the nation’s fourth-largest real estate company. It has a current network of over 65 offices in Manhattan, Brooklyn, Queens, Long Island (including the Hamptons and North Fork), Westchester and Putnam Counties, as well as South Florida.
By Megan Gates, Special to The Houstory Hearth
When you are preparing to list your home for sale, there are many details to be seen to and home staging should be at the top of your list. Home staging allows you to highlight the best features of the home while downplaying the weaknesses. First impressions are everything and, with the majority of homebuyers now beginning their home search online, prepping a home to look best both for a showing, and in it’s online gallery is more important than ever.
Staging aids potential homebuyers in being able visualize themselves in the space more than an empty house will. Here are a few reasons; including some tips on how to stage a property to help it reach it’s market potential and turnover a sale quickly.
It’s Difficult to Visualize the Placement of the Furniture
Many homes remain on the market for months because homebuyers cannot visualize how they can place their furniture in the home. Most buyers cannot distinguish between a 14 x 12 foot room and a 12 x 10 foot room. The first room is 40 percent larger, but most buyers look at the rooms as the same. With furniture, buyers can visualize the difference. Buyers can also view the potential of the room if furniture is included in the home.
An important tip to remember is to not place too much furniture in a space. Look around the property and think of function of a room—if there are other pieces that don’t help define a space, store them away and allow your room to look uncluttered. Hiring a home stager can provide ideas and help sellers view the potential of the space.
People Are Looking For Homes and Not Houses
Home buying is part emotional and part logical. Most people focus on the emotional side of buying a home. The emotional side of buying a home includes the homebuyers becoming attached to the aesthetic aspects of the home and visualizing themselves living in the home. It is more difficult to visualize living in a home for 20 to 30 years without furniture.
Part of the emotional attachment to a home can include connecting with the home’s history and helping buyers see themselves as part of that history. Highlighting a home’s unique house history by including information about past owners or noting interesting events that have taken place in the home or staging a home with historically significant furniture can help buyers make that connection.
When homebuyers tour a staged home, they can automatically visualize themselves in the home. When a seller removes all of their personal pieces, like family photos and taste-specific artwork, it will provide a buyer with a neutral and appealing look. This service is invaluable because an emotional buyer will purchase a home faster than a buyer who focuses on the logical aspects of the home buying process.
Buyers Focus on Negative Details and Not the Home When It’s Empty
When a room is empty, prospective homebuyers focus on everything, but the overall appeal of the home. For instance, prospective homebuyers may judge a house on its paint colors, may ask whether the carpet can be replaced, or why the molding is not finished.
Noticeable flaws could prevent a buyer from making an offer. If the buyer does make an offer, he or she may ask for price concessions for the flaws in the home. With some easy and simple updates to a home, these flaws can be fixed or will not be as noticeable if the room is staged. Not only will this help the home sell quicker, it will also sell for a higher price.
Home Stagers are Beneficial
Home stagers require a small investment compared to the amount of money recouped from the home selling process. The service is growing in popularity because most home sellers recoup 200 percent from the home sale and also reduces the time on the market by almost one-half. Home sellers should consider the services of home stagers because of the significant benefits of the service.
Whether selling a sprawling farmhouse in the Midwest or listing a penthouse apartment in New York City, home staging can benefit any seller. With some small reorganization steps, a huge reward can be reaped when a property is sold for top dollar.
Megan Gates is an active creative writer for Douglas Elliman, writing on topics including home improvement and the latest architecture, design and home buying. Follow her on twitter @MEGatesDesign.