The web never ceases to amaze me. This morning, I discover a tool that will tell you the average Return on Investment of home improvements... by ZIP CODE!!! And in my zip code, it turns out that money returned on staging is 378%. Let me repeat that -
378%
My sales presentation is now down to 1 page. Guess what it says? Do I really need to say anything else? Not a bad ROI, huh - especially in today's market.
What's the tool? It's the Sellers Tools at Home Gain. (the url is http://www.homegain.com/sellertools/)
Enter your zip code and you are immediately taken to a 3 page questionnaire that asks which of 10 aspects of your home are ready (i.e. in showing condition). It then priorities what you should work on first... and then gives you average cost, ROI and what percentage of realtors recommended it.
Can you imagine? What a great way for home sellers to navigate the stormy, changeable seas when preparing their home to go to market?
Here's what came back in my zip code, with nothing ready in the house at all -- after all, that's what it's usually like when I get there!
Pretty Amazing, huh?
Now... what is the % for your zip code? I think I read that they surveyed 200,000 realtors/RE-Professionals... is that enough for reliable data? I would prefer to rely on my colleagues in the trenches - you guys - those of us out there doing it every day. Please post your area and your % and let's see if there's any difference. If not, then I say thank you to the 200,000 and I'm using it as a "national average". If the #s do differ, then I think we have an interesting story. Either way, I'm using it. What about you?
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Juliet Johnson Staging services the luxury real estate market of suburban NJ, specializing in the $1 - 3 million niche. For more info about how to leverage web 2.0 for Real Estate, please click here.
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