Is Home Staging Worth It?

Is home staging worth it

Home staging is worth your time and effort in Melbourne, as it can help you to gain a competitive edge in the market. Studies have shown that homes that are beautifully staged attract more attention from potential buyers and frequently end up selling more quickly than their unstaged counterparts.

It goes without saying that home staging has become an important part of the home buying and selling process. In fact, 82 percent of buyer's agents reported that home staging helped their clients visualise the property as their future home.

When selling a home, the main goal is to get the highest possible bid, and home staging assists sellers in obtaining those high bids. Homes that have been staged typically sell for 20% more than those that have not been staged.

When preparing to sell your home, weigh the benefits and drawbacks of home staging.

Pros of home staging

Pros of home staging

Professional or do-it-yourself home staging will help your listing stand out among other available homes in advertisements. Because home buyers primarily search online for listings in their desired area, photos of a styled and staged home will pique buyers' interest and aid in the sale of the home. It shortens the property’s time on the market.

Staging your home also provides spatial context as to how they would use the space. If your home has an unused spare room, consider staging it to demonstrate to buyers that it is functional. When viewing an empty home or room that appears to need renovations, buyers may feel intimidated.

It also helps properties stand out in online listings. 

Cons of home staging

Cons of home staging

The most significant disadvantage of home staging is the high initial investment. If home staging is not in your budget, you can stage the house with your existing furniture and decor.

Home staging also requires a significant amount of time and effort, particularly if renovations and extra aesthetic work, such as painting, are involved. If you're in the market for a new home and want to put your current one on the market as soon as possible, these additional time constraints may be a detriment.

To save money, consider staging your home yourself if you're an interior designer at heart. You can even hire a home staging designer for an initial consultation and then do the rest of the work, including repairs and replacements, on your own. Before home staging, some common repairs you can do on your own include:

  • Drain unclogging
  • Changing light bulbs
  • Retouching the paint
  • Thorough cleaning

While DIY home staging saves money, you will still have to pay to rent furniture. Remember that you will be in charge of setting up and taking down the furniture and decorations, which can be time-consuming and stressful.

Other staging-related blogs: