I came across a blog today that had what seemed to be a really unbelievable stat:
"U.S. Housing and Urban Development reports that a staged house sells, on average, 17% higher than a non-staged house."
Wow! That would mean a $300,000 home could be staged and then sell for $351,000. 17% is just the average. That would mean staging could create even higher increases on occasion. That just sounds incredible. I figured they must have meant 1.7%.
I questioned the source and was provided with a home staging website. I looked around the site and found that statement. Unfortunately there was no link to the HUD study.
I did a Google search for "staged home sells 17% higher" and got a lot of stager sites that quote that same HUD study but no one referenced it with a link.
I then went to the HUD site and did all kinds of searches to try to find the original study. I just couldn't find it there.
So is this much quoted HUD study just an Urban Legend? I'd love to see how they came up with those numbers.
On average, how much does staging a home affect the price a seller gets? In my personal experience, I might have estimated about 5%. But 17% as an average just seems way out of whack.
Do most stagers really use that kind of statistic in their presentations?
Does anyone have the actual HUD study?