Are you still wondering if you really need to invest in a property you are leaving?
I know there is a voice in your head telling you that you don’t need make updates…what if they want a different floor or paint color than I selected. The new owner might not like what I did. I know, it’s always easier to let the buyer make the decisions so they can “make the house their own”. But how much money are you leaving on the table with this way of thinking?
Fact is you are confusing Staging with Decorating…I’m here to tell you, the two are not the same! This is why you want to work with a professional stager who is an expert on current selections that will appeal to the widest group of buyers vs an interior decorator who focuses on designing for a specific client.
Research shows that 63% of buyers will pay more for a house that is move-in ready. They don’t want to buy your TO DO LIST or take a separate loan for improvements. If properly prepared before listing, you will see a positive return on your investment.
I’ve heard the buyers in this neighborhood take a few months to renovate the property before moving in.
Now that voice is telling you – you don’t want to waste time and money on updates before selling since the buyer will just replace everything anyway!
Well, if you do live in a neighborhood where properties are being bought and renovated by rehabbers looking to make a profit or if the location is not appealing to buyers, then you might be better just selling the property to an investor in AS IS condition. Just realize that this will be reflected in the offer you receive...after all, investors need to buy low so they maximize their profit when they sell.
However, if the properties around you are being bought by everyday people looking for a house to become a home full of memories. There is an opportunity to benefit from an Initial Consultation to modernize the property and appeal to the most buyers. We have solutions for all budgets and timelines.
I don’t want to deal with hiring someone to make updates, it will take too long to get estimates and be an inconvenience during the work.
Ok, now you’re just giving in to that voice in your head making excuses! This is where a professional stager can recommend resources to complete the work in a timely manner and help with project management to determine an efficient timeline to minimize the inconvenience. Since you’re planning to move anyway, you are already working to declutter and prepack items based on the recommendations from the consultation. This is a perfect time to invest in the updates that will maximize your equity after the sale.
Back to the initial question…
According to a RESA 2020 survey of 13K staged homes, with an average investment of 1%, approximately 75% of sellers saw a ROI of 5-15% over asking price.
Additionally, research shows in a Sellers’ market, when inventory is low compared to demand, Professional Staging differentiates your property from other listings resulting in multiple offers which translates to more money in your pocket!
Don’t listen to the voices in your head – it could cost you thousands of dollars in equity!
Contact Simply Modern Staging today to ensure you are not leaving money on the table when selling your property!