...and then Mike turned to me and asked, "Would Staging This House Hurt Your Reputation?"
A Connecticut Home Staging Story: I had just finished describing a vacant Fairfield County (CT) house I'd been asked to prepare a Home Staging proposal for.
- The house is circa 1960.
- Located on one of the busiest roads in town, with an additional traffic issue:
- Across the street from the High School, Middle School and close to an Elementary School.
The exterior:
- Grounds are in poor condition, with a lot of dead shrubbery.
- Driveway needs repairs and re-surfacing.
- Exterior columns need new sheathing.
- More wood rot around exterior doors.
- Gutters are hanging off the roof line.
- Tennis court needs total over-haul.
The interior:
- Mirrored foyer.
- Vacant, dark interior.
- Outdated light fixtures.
- Wall paint is all in glossy finish, showing every defect.
- Wall colors are combinations of dark brown and caramel.
- Kitchen is seriously outdated, with poor lighting and floor plan.
- Bathrooms are seriously outdated, with damage and missing tiles.
- Bedrooms walls are garishly painted - over wallpaper.
No surprise, it had been on and off the market for 5 - 6 years! Currently, it's been listed in it's present condition for 18 months. I'm certainly not a real estate agent, but I knew the asking price was far too high. Nearby homes of comparable age and size were listed at $25K - $35K LESS, and they were in far better condition.
The agent said the sellers wouldn't budge on the price, because they "loved" the house so much. They would not do any repairs or updates either, because they "loved" the house so much. However, they were considering Staging, so that's why I was there.
Would Staging this house hurt my reputation? Yes, it would. If I encouraged a seller to spend money on Staging that should go towards repairs and updates, I would be doing them a great disservice! So, I told the agent they'd be better off making the necessary repairs and pricing the house for the current market.
Sellers: If you're asking top dollar for your house, you should make sure it's in the condition today's buyers expect: Updated and Move-In Ready!
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