Staging a Home on the Market Can Impact Buyers' Perception and Lead to a Possible Sale

The way a home is staged on the market can significantly impact how homebuyers perceive it, ultimately leading to a possible sale. According to a report from the National Association of Realtors (NAR), over half of buyers' agents believe that home staging has an effect on buyers' views of the property.

Importance of Staging

Staging is crucial because it allows buyers to visualize themselves living in the home, making them more likely to make an offer. Buyers are often scrolling through numerous photos online and want to ensure that the home clicks with them. Effective staging can get potential buyers off the fence and into the property.

Monetary Impact of Staging

The report found that buyers' agents agree with sellers that home staging can increase the sale price by 1-5%. This is a significant return on investment for the effort involved in staging a home, which could be lower than expected. The impact of staging on the sale price is substantial and should not be underestimated.

Prioritizing Rooms

When it comes to staging, some rooms have more of an impact than others. According to NAR's report, the living room, kitchen, and primary bedroom are the most important areas to focus on. These rooms have a significant influence on where buyers will live and want to visualize themselves in these spaces.

• The living room is where buyers will relax in the evenings.
• The kitchen is where they will cook holiday meals and spend quality time with family.
• The primary bedroom is where they will retreat to for rest and relaxation.

These rooms are essential in showcasing the potential of the property, making it crucial to prioritize them when staging a home on the market.

Importance of Home Repairs

In addition to staging, home repairs also play a significant role in preparing a property for sale. According to NAR's report, some common improvements that sellers make before listing their homes include:

• A deep clean
• Curb appeal enhancements (painting, gardening, etc.)
• Removing pets and odors from the home
• Refreshing or repainting interior spaces

These efforts can significantly impact how buyers perceive a property, making it more attractive to potential buyers.

When to Invest in Repairs

It's essential for sellers to consider whether investing in repairs will yield a significant return on investment. NAR's report suggests that while some projects may not be worth the cost, others could provide a substantial increase in sale price.

• A major kitchen remodel might not be worth it if it costs too much.
• However, fixing a leaky faucet or patching holes in walls can make a significant difference.

Consulting with local realtors is crucial to determine which projects are feasible and will yield the best results for each property.

Impact of Tariffs

With tariffs increasing the cost of materials, sellers may be hesitant to invest in repairs. However, there are still ways to creatively approach these challenges:

• Alternative suppliers might offer more affordable options.
• DIY solutions could provide a temporary fix until the sale is complete.

Ultimately, understanding the market and being aware of the costs involved will help sellers make informed decisions about which projects to prioritize.

Passing on Projects

If a seller feels overwhelmed or unsure about tackling a project themselves, it's essential to consult with experts. NAR's report emphasizes that if you don't know how to tackle a project, it's better not to attempt it before listing the property.

• Consulting professionals like electricians, plumbers, and contractors can ensure a smooth process.
• DIY solutions may seem tempting but could lead to costly mistakes or safety issues.