According to the National Association of Realtors, for every $100 invested in staging, the potential return is $400! Staged homes not only bring in higher offers, but they normally sell much quicker than their non-staged counterparts. If you're thinking of listing your home, we would highly recommend at least some level of staging. Read on for our top tips to get your home prepped for sale.
Keep Decor Neutral.
Neutral doesn't have to mean boring. What we mean is avoid bold, bright colors (this includes stark white!) all throughout the home. The goal here is to appeal to the masses, and while your favorite color may be fuchsia, it won't necessarily translate well to potential buyers. That being said, we're providing tips to give you the best return on your investment, so if re-painting is out of the question, it'll just require some extra attention and thoughtful accessorizing to convince buyers that fuchsia might be their new favorite color.
When buyers walk into your home, they want to be able to picture themselves, and their belongings there. Think of this step as a head-start on packing, and really minimize any extra possessions. A vase of flowers and a nice painting here and there will be great, but it's time to pack up personal pictures, diplomas, framed certificates, refrigerator art, etc. It's not that buyers wouldn't like your taste, it's that their goal is to make the space their own. It's easier to do that if personal possessions are kept to a minimum. While we're on the topic, this is also a good time to consider removing anything that could be considered divisive (think political memorabilia and the like).
Strike a balance.
Yes, you're right, we just told you to minimize your personal possessions. But, what you don't want to do is go too far and remove every stitch of personality from the home. Selling a vacant home can be just as challenging as selling an overcrowded one. Remember how we said buyers are trying to picture themselves living in your home? That'll be a lot easier to do when rooms remain furnished. Surprisingly, furnished rooms actually appear bigger than empty ones! They also show less flaws and make it appear as though you're not in a huge rush to sell. Sometimes a vacant home can give that impression and therefore bring in lower offers.
Remodel with caution.
Not only is remodeling generally a very pricey and time consuming process, but it can be a big gamble. Furthermore, if you need to take out a loan in order to fund your remodel, it could be harmful to your credit score and run you the risk of not recouping your investment. Even sellers with the best of intentions can't predict what buyers will be looking for in terms of decor. This is one of those situations where you'd be wise to consult with your realtor and get their opinion before taking on an extensive remodel. That being said, cosmetic fixes and repairs are always good things to get taken care of before listing your home.
Interior design trends, just like fashion trends, come and go and there is a fine line between retro-funk and just plain out dated decor. When preparing your home for sale, it's best to air on the side of caution and avoid anything too trendy. A pop of color here and there (think pillows, curtains, bedding) can be very tasteful, but avoid anything that could read as out dated (shag carpeting, ruffled tapestry etc.).