{"id":9760,"date":"2023-05-25T04:00:00","date_gmt":"2023-05-25T04:00:00","guid":{"rendered":"https:\/\/www.canadianrealestatemagazine.ca\/staging-tips-to-increase-an-investment-propertys-value\/"},"modified":"2023-12-20T21:49:02","modified_gmt":"2023-12-20T21:49:02","slug":"staging-tips-to-increase-an-investment-propertys-value","status":"publish","type":"post","link":"https:\/\/www.canadianrealestatemagazine.ca\/news\/staging-tips-to-increase-an-investment-propertys-value\/","title":{"rendered":"Staging Tips to Increase an Investment Property\u2019s Value"},"content":{"rendered":"

Staging a home is the process of preparing it for the market by adding attractive furniture and decor to attract potential buyers and sell it quickly at a higher price. <\/em><\/strong><\/p>\n

Effectively staged homes can evoke an emotional response in buyers, helping them envision living in the space, leading to faster sales and more favourable offers. While some homeowners opt for DIY staging, professional staging can make a massive difference, enhancing property photographs to attract more online buyers. <\/em><\/strong><\/p>\n

Important staging suggestions include general cleaning, replacing appliances, decluttering, and upgrading the furniture. Good staging is about highlighting the property’s attractive qualities in an organic and natural way. Read the full article:<\/em><\/strong><\/p>\n

When a REALTOR\u00ae mentions staging your home, they\u2019re talking about the process of getting a house ready for the market. Staging a home is intended to highlight its best features, excite potential buyers, and sell it promptly for the highest price.<\/p>\n

Although often confused, home staging and home decorating are similar but different. They have different objectives; Decorating is about putting a personal style fingerprint on a home, while staging makes your home appealing to the largest pool of buyers.<\/p>\n

A key principle of home staging is in making it appealing while removing the personal fingerprint of the current owner. You\u2019ll have an advantage if you decide to stage your house because not many investors do, especially those selling or renting homes in lower price ranges.<\/p>\n

Statistically, staged homes sell for 1-5% higher or more. REALTORS\u00ae report that they have watched identical condos listed at the same time sell tens of thousands of dollars apart, with the only difference being staging.<\/p>\n

Relative to the amount of expense and time output, staging may be one of the most lucrative projects you will ever embark upon.<\/p>\n

Potential buyers and renters aren\u2019t just looking for a building to live in\u2014they\u2019re also looking for a way to fulfill their dreams and enhance their lifestyle and that of their families.<\/p>\n

Staging can draw upon the heartstrings of a buyer or renter, making for a more emotional purchase for the buyer, which ultimately can generate more money for the seller.<\/p>\n

Some real estate salespeople do the staging themselves, while others bring in a home staging professional to do it on the owner\u2019s behalf.<\/p>\n

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One suggestion that we at Canadian Real Estate Wealth have for you is to confirm which party will absorb the cost of the home staging services if an independent contractor is used. Will it be the real estate agent or the homeowner?<\/p>\n

Home staging costs can vary greatly depending on the square footage of the property, how long the staging products will be in the home, and whether the entire property is being staged or just a selection of rooms in the house.<\/p>\n

Be prepared to pay for things like painting, storage organizers, furniture and rental furnishings, floral arrangements, and cleaning supplies.<\/p>\n

Some people mistakenly believe that selling a house empty is better since potential buyers can better envision their belongings and furnishings in the space and use the blank template to let their imaginations run. Additionally, you would save on the costs to stage.<\/p>\n

Still, industry reports consistently show time and time again that staged homes do often sell faster.<\/p>\n

The staging process, whether through a REALTOR\u00ae or a hired service provider, usually begins with a consultation. This is when the staging person will walk through the property, making notes, taking measurements, and snapping photos.<\/p>\n

What comes out of this consultation is two-fold; the stager will devise a plan for the work that they do, but it\u2019s also quite common for them to have a list of recommendations for the property owner to do.<\/p>\n

The time it takes to stage a home can also vary greatly.<\/p>\n

It depends on the level of staging and the size of the home, but usually, it takes between 5-10 hours. This window of time is above and beyond the time spent de-cluttering, cleaning, and planning. Large or vacant homes can take 2-3 days to stage completely. <\/p>\n

Yes, you can stage a home entirely, but home staging services can also be used piecemeal to focus on the rooms where potential buyers spend the most time. If you choose a partial staging, we recommend focusing your energies on the kitchen, living room, front entrance, and primary bedroom.<\/p>\n

New trends have homeowners opting for do-it-yourself home staging (as opposed to hiring a professional stager). Staging remains an important tool because a well-staged home looks better in photographs\u2014and most potential buyers and renters begin their journey for their next big chapter by looking for homes online.<\/p>\n

De-cluttering, cleaning, or replacing your appliances to make them look brand-new, removing sentimental items like photos and monogrammed towels, and removing odours are a few home staging suggestions.<\/p>\n

\"De-cluttering, <\/p>\n

Here are a few more suggestions that may prove useful in enhancing your investment property value through staging:<\/p>\n