HOW MUCH CAN YOU SAVE BY HAVING YOUR HOME STAGED?
Instead of talking about how much Staging costs let's have a look at how much it saves.
Here is an excellent tool that you can use to determine how much money you can save by staging your property before listing it.
RESA Staging Savings Formulaby: Real Estate Staging Association Monday, June 14th, 2010
The Real Estate Staging Association (RESA) is a member governed trade association for Home Stagers. RESA was formed in order to support all professional Real Estate Stagers or Home Stagers in North America. The Real Estate Staging Association® (RESA®) study shows 126 homeowners had their property on the market on average of 263 days before they decided to stage. 263 days = 9 months!!!
Master Bedroom Unstaged
Those same homes were staged and sold in 60 days on average after staging. This is 78% less time on the market. This is 7 months less time on the market.
As an example, using this formula you can determine approximately how much money you will continue to spend while your home is on the market un-staged.
If your mortgage is : $1800.00
If your direct expenses are: $300.00
Total carrying cost per month: $2,100.00
Our study shows home owners had their property on the market for an average of 9 months. $2,100.00 X 9 months = $18,900.00 in expenses.
Had those homeowners staged first, their time on market would have been cut by 223 days on average (7 months). $2,100.00 x 7 months= $14,700.00
Staging their homes first would have saved them $ 14,700.00.
These numbers are all relative to individual mortgage and expenses.
Use this simple formula to determine how much you will save by staging your home or listing before putting it on the market:
Mortgage + expenses (utilities etc.) = Monthly expenses
Monthly expenses X 9 months (avg. time un-staged) = Cost to list house un-staged
Savings: Expenses x 7 months (average time on market reduced) – staging fee = Savings if you stage your house first!
** If you have a price reduction you can also add that into the loss you are taking by listing a property un-staged.
Here's RESA's Staging Calculator
This property was professionally staged and sold before it was listed!
Pro Staged Homes Home Staging & Redesign San Dimas, CA 91773 909-714-1149 www.prostagedhomes.com judy.colburn@prostagedhomes.com
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