It can be stressful to put your home on the market. You want your home to stand out from other homes. This doesn't mean that you have to spend lots of money. Some people do it themselves. But many others choose to hire a professional to help them make their home stand apart and sell fast and for top dollars.
The cost of staging a home might seem unnecessary to some, but the truth is that it can actually be worth it in the end. According to the National Association of Realtors, professionally staged homes spend 33 to 50% less time on the market than comparable listings that aren’t.
Staging can give your home an additional boost on the market, which will help increase its value. On a $300,000. property, a 5% increase in the selling price could result in an additional $15,000, while in other cases, staging can even bring you more.
How much does staging a house cost?
The cost to stage a home can range from a few hundred dollars to several thousand. The exact amount will vary depending on which services you choose and how complex your home is to stage.
Consultation and design charges are generally between $150 and $500. These are the fees you'll pay to a home stager for an initial consultation where they assess your goals and create a staging plan for your house.
Next, they will bring in furniture to complete your decor and fill in empty spaces. This could include a sofa, mirror, or other furniture that will enhance the room's design.
Schostok says that it is common for stagers to hire additional help to lift and move items around if the home is multi-story. Additionally, moving your belongings out of your home to storage can take several weeks. This could add an additional layer of expense.
Renting furniture for a period of time is also another cost you'll incur when you hire a home stager. Some furniture rental companies have minimum terms of three months. Make sure to ask before you sign anything.
What rooms should I set up?
You should plan to stage every room in your home. These include the living room, dining room and kitchen, along with bedrooms and bathrooms. It's also a good idea to highlight any tiny or unused rooms, like an attic space.
Is it worth the effort?
This will depend on the value of your house and other factors involved in staging. A stager might not be a good investment if your property is not in demand, or if there are other factors involved.
This will help you save money and allow you to get a feel for the process before you invest any money. But this can be time-consuming and overwhelming so hiring a stager would be a wise decision.
FAQ
Do I need to rent or buy a condo?
Renting might be an option if your condo is only for a brief period. Renting saves you money on maintenance fees and other monthly costs. A condo purchase gives you full ownership of the unit. You have the freedom to use the space however you like.
What should you look for in an agent who is a mortgage lender?
People who aren't eligible for traditional mortgages can be helped by a mortgage broker. They search through lenders to find the right deal for their clients. There are some brokers that charge a fee to provide this service. Other brokers offer no-cost services.
How long will it take to sell my house
It depends on many factors including the condition and number of homes similar to yours that are currently for sale, the overall demand in your local area for homes, the housing market conditions, the local housing market, and others. It may take up to 7 days, 90 days or more depending upon these factors.
How can you tell if your house is worth selling?
Your home may not be priced correctly if your asking price is too low. If you have an asking price well below market value, then there may not be enough interest in your home. For more information on current market conditions, download our Home Value Report.
Statistics
- This seems to be a more popular trend as the U.S. Census Bureau reports the homeownership rate was around 65% last year. (fortunebuilders.com)
- When it came to buying a home in 2015, experts predicted that mortgage rates would surpass five percent, yet interest rates remained below four percent. (fortunebuilders.com)
- Over the past year, mortgage rates have hovered between 3.9 and 4.5 percent—a less significant increase. (fortunebuilders.com)
- It's possible to get approved for an FHA loan with a credit score as low as 580 and a down payment of 3.5% or a credit score as low as 500 and a 10% down payment.5 Specialty mortgage loans are loans that don't fit into the conventional or FHA loan categories. (investopedia.com)
- This means that all of your housing-related expenses each month do not exceed 43% of your monthly income. (fortunebuilders.com)
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How To
How to become a real estate broker
The first step in becoming a real estate agent is to attend an introductory course where you learn everything there is to know about the industry.
Next, you will need to pass a qualifying exam which tests your knowledge about the subject. This requires studying for at minimum 2 hours per night over a 3 month period.
After passing the exam, you can take the final one. For you to be eligible as a real-estate agent, you need to score at least 80 percent.
Once you have passed these tests, you are qualified to become a real estate agent.