A Real Estate Investment – possible 5% return in 23 days!
If you’re wondering what Home Staging is all about, please read our blog post on why you should stage your Calgary home before Listing it on the MLS® System. In summary, research has shown that staging will make your home more desirable to potential buyers. You will sell your home faster and may avoid a series of painful price reductions.
Tips for Staging Your Home
There are as many ways to stage a home as there are homes. Some of the examples given below are for illustration purposes; your imagination can take it from there.
1. Start Outside: You know about the “drive-by” – you’ve probably done it yourself. You drive by a home for sale to decide whether you want to see the inside or not. Draw potential buyers in with real curb appeal.
- Keep the lawn mowed and garden areas weeded.
- Make sure the exterior of the home looks in good condition. Fix any rotting boards or fading paint.
- Power-wash the outside of the home, sidewalks, and patios.
- If the weather allows, add potted plants or flowers in the garden beds and accent your front doorway on both sides with large potted plants.
2. Keep It Clean: It may seem like a small thing, but buyers are extremely discouraged when they see a dirty house. Pretend your boss or your in-laws are coming to stay for a few days. The house needs to be that clean on a consistent basis. Buyers will also look in your kitchen and bathroom cabinets so clean and declutter them.
3. Depersonalize and Declutter: It’s true that you love the family photos that line both sides of the stairway and the awards in your home office, but buyers won’t. Take yourself out of the picture. It’s easier for buyers to imagine themselves in your home. If you love to cook, you find the numerous small appliances on the kitchen counters very handy, but buyers will see your kitchen as smaller and closed-in.
How can you possibly get rid of all the personalized clutter? You don’t have to. You are planning to move anyway, so take this opportunity to start packing! Until the house is sold, you may need to use a whisk rather than your blender, but you’ll be in your new kitchen a lot sooner!
4. Bring Out the Best in Each Room: This may require removing furniture, rearranging furniture, or replacing furniture that is worn out. If you can’t afford to replace that worn-out couch, you can rent furniture for the time period when your home is listed.
- If the fireplace is the focal point of the living room, make sure the furniture doesn’t obstruct the view and provide attractive accents on either side.
- If your king-size bed and large furniture make the bedroom look small, put some of the furniture in another room, in storage, or in your garage.
- If the hardwood or the carpet in the dining room has seen better days, rejuvenate by refinishing or replacing. Flooring and Painting bring the biggest returns for your investment.
- If a room is dark, make it more attractive and appealing with a lighter more neutral paint color. Dark rooms make a home appear smaller.
- Replace the chandelier in the dining room if it’s dated. Your eating areas are some of the most important features to highlight in a home when selling.
- Make sure there is sufficient light in rooms by opening blinds and drapes.
- Breath new life into a room by investing in some Artwork.
- If possible, replace dated lighting fixtures, door hardware, light switches and outlets.
5. Freshen with a New Paint Job: Nothing brightens up the rooms of a home faster than fresh paint. Take this opportunity to depersonalize your color choices. Stick to neutral colors to help buyers envision their own decorating taste in the house.
- Your kids love their bright blue and red rooms, but buyers will spend their time worrying about how much trouble it will be to repaint while they’re moving in.
- You’re sure your dining room doesn’t need paint? The walls are a nice eggshell color and that one red wall just makes the room look more cozy. Or does it? It may look that way to you, but don’t assume that potential buyers for your home will share your color tastes.
6. Make Repairs as Needed: Oil squeaky doors. Replace that light switch cover in the kitchen that you’ve had on your to do list for months. Reattach the molding or baseboards you were going to replace but never did.
When you stage your home yourself, the time investment will pay large dividends in a very short time-frame. Is there another investment that could potentially net you 5% more in as little as 23 days on the market? Look through the list again and add up the items that relate to your home. What is the most it could cost? The money you spend on staging your Calgary home and/or doing minor repairs and painting will not be more than the price reductions you might end up making if you don’t!
7. Ask your REALTOR® for Assistance: Experienced Real Estate Professionals know what buyers are looking for and can advise you on what the highest return for your investment dollar is. Give us a call or send us an E-mail!