Get More for Your Money by Staging
When deciding what changes to make before listing a home for sale, it is wise to consider what will produce the highest return on investment. According to the National Association of Realtors, a staging investment between 1 and 3 percent of the home's asking price will typically generate a return of 8 to 10 percent. That is money well spent, especially when you are trying to get the most you can out of what is probably your largest asset: your home.
Spend Money to Make Money
For those who think it is wasteful to spend any money on a house they are selling, consider this: A 2011 survey by Home Gain of over two thousand Realtors found that home staging provides almost a 300% return on investment. Who wouldn't agree that a 300% return on investment is HUGE?!!!
Let's do some math
Say you only spent $500 on home staging. What could you expect that to translate to in terms of dollars when you sell?
$500 X 300% = $1,500
That's $1,500 more in the selling price than you could expect to get if you had done nothing. Let's try again with a larger investment figure.
$2,000 spent on home staging X 300% = $6,000 more in your pocket!
That's a heckuva lot better than major home improvement projects like replacing carpeting or updating kitchens and baths which give a much smaller return on investment.
Bigger Bang for your Buck
It's easy to justify money spent on home staging when you realize how much you stand to gain. If you are looking to get a higher return on investment for your home in the Syracuse area, Seneca Home Staging can help. A staging consultation will give you a clear plan for getting the biggest bang for your buck.
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