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Inevitably, the first question I am asked by Realtors and home owners is "What does staging cost?" I know the answer they are looking for is the dollars and cents amount of my staging services.  But the answer they really need to hear has nothing to do with that amount.  They really need to hear what it will cost not to stage.  Staging is not about spending money, but making money.

If homes are not staged it can cost much more than the actual dollars and cents of staging.  Here's how: 

  • A prospective buyer will drive by and not want to go inside because the home lacks curb appeal;
  • A prospective buyer will not see more than the first room of the home because it feels dark, cluttered and not large enough;
  • A prospective buyer will see the home as dated and brand it a fixer upper to justify making a low offer;
  • A prospective buyer will not make an offer at all;
  • The homeowner will then make the first price reduction.

This is the true cost to the homeowner when deciding not to stage because they did not want to spend the dollars and cents.

 

30 Comments on What does staging cost?

FEB
05
2008

Amie,

 I took over a listing when a collegue of mine moved out of state.  The home was dirty, cluttered and not selling!  I took it off the market for two weeks while the seller moved out, he had it cleaned, and we hired a stager.  Once she got everything set I did new photos and we put it back on the market.  We had it sold in 2 weeks without lowering the price!

My client was originally willing to lower the price by 5-10K, so I can tell you, without a doubt, he got more for it by staging it than he would have any other way!

When the market is tight, the competition is tough and/or the house isn't the prettiest on the block - staging is the way to go!

5:44pm • #1
177,472 Points Outside Blog

What does it cost NOT to stage-good perspective, Amie.

Kathy

5:49pm • #2
297,191 Points 7 Featured Posts Outside Blog
You are absolutely dead on with this post!  What will they SAVE by staging, not what will they spend!
5:51pm • #3
some buyers need to know the cost,, because money might be tight for some sellers... 
5:55pm • #4
8 Featured Posts
In all fairness, it todays market, they may not have the money to stage. It's not exactly cheap.
5:59pm • #5
Brian and Michael -- Of course clients need to know the cost.  My point is that it usually costs more not to stage than to stage.  Staging is about value for service.  I never take budget concerns of my clients lightly.   
6:10pm • #6

We have some clients which would benefit from staging but neither one has the money to spend on staging.  I've been in contact with stagers who I found here on Activerain but no one will give me an estimate which makes my sellers think it's super expensive. 

 

6:16pm • #7
104,125 Points

Many if not most homes can benefit from staging.  Unfortunately, many people cannot afford the out-of-pocket costs involved even if it means more profit down the road. 

6:18pm • #8
Jennifer -- I hate to hear that.  My objective is always to use what the sellers' have first and then to be creative about what is done.  If you would like,  I can try to give them some pointers from what I see on the listing pictures.  Send the photos to amie@homestagingbyamie@gmail.com
6:38pm • #9
Amie, well said.  However, the current mindset is "let it linger", by both realtor and homeowner.
9:38pm • #10
243,682 Points 1 Featured Post Outside Blog
We have a new chant in our area - it was reduce, reuse, recycle - now reduce, reduce reduce. You can get a lot of staging for $10,000 and they don't blink at that price reduction.
9:57pm • #11
we as Realtors give our costs up front...  >>>>>>smiles....
10:13pm • #12
FEB
06
2008
Staging in this market is a must!
7:32am • #13

Amie, You hit the ball out of the ballpark with this great comeback to the inevitable question of "how much does it cost"!!

8:10pm • #14

As a Home Stager, I always give free estimates up front to sellers and agents, but I have to see the property first.  Price is dependent partly on on the size of the house, but also on how much needs to be done.  We all know every house is different and some need more Staging help than others.  Also, there are different levels of service.  I can do a full home Staging, I can do a written detailed Consultation Report which the sellers then implement, or levels in between.  For vacant homes it can range from doing simple vignettes in a few rooms to arranging for rental furniture and bringing in the accessories.  So you can see it's impossible to just throw out one simple cost for Staging.

Kathy Fix, Staging Dreams, Murfreesboro, TN 

10:53pm • #15
FEB
07
2008
I agree that staging will always be less expensive than the first price reduction. AS far as giving a price up front - isn't that what the consultation fee is? Once the consultation is complete, don't we all price out the home for staging? There is no secrecy here. It is simply on a home by home basis and there are so many factors that come into play. If a homeowner can't afford the staging - can they afford not to at least have a stager come out and supply them with a detailed report that gives them lots of great ideas, tips and tricks to do it themselves. A couple hundred dollars for information and education is certainly worth avoiding a price reduction. I love helping all clients and the excitement I see when they have done a great do-it-yourself job (it's not as good as a professional but it certainly made a difference in the home's appearance). They are always more optimistic, excited and have a new found confidence. Price is an issue in todays market so rather than price - what is the need, establish that and price will follow accordingly.
11:30am • #16

I was talking with Yvonne Root from Arizona yesterday about marketing staging services to agents.  She said a concern agents put forward was that they could not accurately predict the cost to stage a listing.  She described a scenario by which someone calls an agent and says "I want to buy a house, how much does it cost?"  Of course that would be tough to answer with no other information. 

The same is true of staging, every project is unique.  What we can probably give them so they are credible to the vendors asking the cost question, is the range of what consultations cost.  In my area the range is from two hundred to eight hundred for a minimum two hour consultation in which some staging hands-on work may or may not be done.

Hopefully they will put forward that this range exists for the same reason a Picasso does not cost the same as a Monet, even if both are the same size and framed similarly.  The price varies and the experience, talent and offerings vary from stager to stager.  

11:43am • #17

I think some of you may have misinterpreted my post.  I was surprised to see so many people commenting with their actual staging pricing strategy.  The post was simply put forth as an observation and another way of viewing the cost of staging/not staging.   

 

12:19pm • #18

Amie I understood your point was that although the first question you are asked is the cost of staging; you believe the client should be asking whether they can afford NOT to stage.  Like a benefit/risk assessment.  Is that what you meant?

I think the client's concern about the cost is valid and going to remain the first question we hear until the service is demystified in terms of what it costs.  People who have never used staging or interior design services for instance, are often intimidated by their perception that these are luxury services for the affluent, and make the assumption that these services are beyond their means.  

The last thing this family needs to hear is how they are going to be further disadvantaged because they are afraid they can't afford staging.  I think they need the reassurance that it can be as accessible to them as a consultation fee that will give them a clear plan that they can implement themselves if possible  It helps to have an LA who will consider sharing the cost of that initial consultation.  Once they know more about the cost/benefits they can proceed to invest further with a better idea of what's in it for them. 

We need to widen public awareness that staging is an effective marketing tool from an investment and profit making point of view, and not some costly and elitist way to make the property look like something it is not.  

To get there I think we need comfort in discussing prices and cost/benefits with homeowners and realtors, and be ready to talk about how services impact sales profitability.  After a few years of this there will be a general public awareness of the cost benefits of staging as there is now in the industry of renovation.  People have better and better advance understanding of the ballpark cost of their project before they call a contractor for instance. 

Smart consumers always compare value to cost.  As frustrating for us as it is to always feel as if we are forced to compete on cost, it is one of the standards on which the one who is paying for our services will base the decision whether or not to hire us, and therefore promote our entire industry. 

I do agree that the homeowner needs a better understanding of how not staging can create a negative impression in the mind of the buyer.  I just think the cost question is valid too. 

 

1:16pm • #19
110,912 Points 11 Featured Posts Outside Blog

You and I know the cost of NOT staging however when a potential client asks how much it will cost them, as Debbi says, it is a valid question.

When I get a call from someone trying to sell me something and they go on about what I will be missing out on or what I will be getting...but stalling on giving me a price...I hang up. Most people don't want a hard sale.

If they are contacting you they have some understanding of the value to staging...as Deb says above, 'The last thing this family needs to hear is how they are going to be further disadvantaged'.

If a client has a question...supply the answer.

1:55pm • #20
thanks dane caldwell... i like your point..,,>>>>smiles
2:12pm • #21

I couldn't agree more with what all of you are saying. 

Staging is my passion.  It is what I do because I am blessed with a skill and talent I can share with others.  It is a privilege for me to do this type of work.  I work with all different types of people everyday.  One day I will work in a million dollar listing and the next in a listing that is priced at $150,000.  Both clients get the best services that I am able to provide.  The work that I do has never been about money.  In fact, the main reason I am hired by both agents and homeowners alike is because they know I just don't throw money at a problem but am creative in my approach and ALWAYS have my clients' best interest at heart.

It has been an educational process (which is really what this blog post referred to) and somewhat of an uphill battle to overcome the impression that staging services are too expensive for the average individual to obtain.  That could not be further from the truth.  A large part of my day is spent educating people on the values of staging.  I do not use a "hard" sell approach.

I have spent hours talking with agents at their weekly meetings and am well known in this area for my honesty and integrity. 

It has been nice to hear from so many of you and I am happy to know you are all equally committed to advancing the industry of home staging.

I thought blogging was supposed to be fun.  Can we move on? 

 

2:12pm • #22
ive had staging reps in our keller williams office and that was our main concern maybe an hourly rate or something.. i think that you are hearing directly from realtors concerns about this issue,, AND its a valid concern,, 
2:17pm • #23
Brian -- Of course the cost is a valid concern -- I never said otherwise.
2:23pm • #24
MAR
06
2008
135,611 Points 5 Featured Posts Outside Blog

Great answer! I have a hard time when the first question is what will it cost and I have not even seen the house. That is a question that is not easily answered sight unseen but the value it can add is priceless.

Phyllis Pafumi 

6:33pm • #25
584,243 Points 3 Featured Posts Outside Blog Called Shot Master
If I had a dollar for the number of times I've been asked that question I'd have beachfront property in Maui!
7:04pm • #26
MAR
07
2008

Just this week I have had 4 Realtors ask me for a price breakdown and/or price list of charges for my staging services.  My hourly fee remains the same so that is not an issue.  The real range of pricing comes in to play when I am staging a  vacant or new construction home.  I generally try to use words like "approximate" or  "range of price".  Most Agents understand you can't give an exact price if the house has not been seen.  After doing a walk through, I prepare a complete proposal including suggestions for the property.  Agents and homeowners really appreciate seeing items in a proposal that will cost little or nothing and just require creativity. 

Also, I find it is so much easier to verbalize the answers to their questions rather than respond in an e-mail which is often times how the questions are posed.

I'm sure all stagers are being asked these questions.  How are ya'll handing the issue? 

8:40am • #27
MAR
09
2008
142,922 Points Outside Blog Attended Rain Camp

Well now, y'all are just dodging the question.

Hourly rates for home stagers vary, but generally it's $50 to $150 an hour. Home stagings bids are generally created after the following expenses have been determined:

  1. Inventory (usually a percentage of the replacement value 20 -25% is customary).
  2. Transportation (not only delivery, but pick up)
  3. Actual staging time

Of course a $100K condo and a $1M dollar beachfront property are going to have different qualities of furnishings and accessories. Different markets also have different profit margins for our clients.  Currently Houston sellers have difficulty in justifying home staging because of the slim profit margins (although as in any market, we do have our 'hot' neighborhoods).  While I generally do secure close-to-list selling prices, I am more effective in reducing market time.

Economics determine the price of a consultation. I personally charge $135 (flat fee) for a complete walk-through.  However, there are only so many hours in a week, and as my business grows I will utilize higher pricing to reduce the volume of clients.  The purpose is not so much to line my wallet, but to continue providing excellent service to each and every client that secures my services. Other, more experienced Home Stagers in the Houston staging community ask for, and deserve the $200 to $300 fees that they secure, because they have proven themselves, and delivered results to their clientele.

Unfortunately home staging is not like McDonalds.  We don't have a 'prix fixe' because no two situations are similar.  Professional home stagers don't drive up to a million dollar home, and double their fees (surprise!).  A job is a job, but a $1000 staging job is great for a condo, it is a detriment to an upscale listing.

Thom Scanlon ASP/IAHSP/RESA

Houston Home Staging

4:23pm • #28
1 Featured Post
WOW Amie! Thank you, thank you! Now I know EXACTLY what to say when asked "How much does staging cost?" Fantastic! (I got what you were saying, LOL!) ~Leslie
5:21pm • #29
MAR
19
2008

Amie,

I had a homeowner call me (he was in Oklahoma and the house is in Punta Gorda; I think a parent died and he inherited the house) and he wanted me to give him a price for staging the house site unseen.  I explained that without seeing the house there was no way I could give him an answer.  I believe that I give fair and reasonable prices for my staging.  I will work with the homeowner or realtor anyway I can.  I staged two houses in Cape Coral without adding one piece of furniture and what I did made a tremendous difference in the look and feel of the houses.  I will be doing a staging in Punta Gorda the first week of April and all I will be doing to start with is rearranging the furniture and artwork/accessory placement.  I believe that if homeowners and realtors would at least have a stager come in and give an evaluation before the house goes on the market it will sell faster and for more money.  One of the big problems I see in my area is that sellers are really not motivated to sell.  And what I mean by that is they don't want to make the necessary changes that need to be done to get the house sold.  Some homeowners get highly offended when you tell them their house is too personal for most buyers.  A motivated seller will listen to what you have to say and make the necessary changes.  It's in their best interest!! 

PS.  I want to start a blog on how Realtors can use staging in their marketing plan.  I have given presentations to many realtors in this area and they just don't seem to understand.  Maybe, it is because staging is still relatively new in this area.  Realtors please understand that staging will help you sell that house and that means more money in your pocket.  I once read that 20% of the realtors sell 80% of the houses.  Staging will help you sell more houses!!

Brenda Smith, IRIS & RESA
7:40am • #30

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Amie Hebert - Chaney

Lafayette, LA

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Home Staging by Amie

Office Phone: (337) 654-8522

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