Placing your house up for sale can be stressful. It's normal to want to make your home stand apart from other properties. This doesn't mean that you have to spend lots of money. While some people opt to do it themselves, many others decide to hire a professional stager to make sure their home stands out from the rest and sells quickly and for top dollar.
Some may think staging a property is unnecessary. However, it can end up being a worthwhile investment. According to the National Association of Realtors, professionally staged homes spend 33 to 50% less time on the market than comparable listings that aren’t.
You can also use staging to increase the value of your home by giving it an extra boost on the market. A 5% increase in your selling price can earn you an additional $15,000 on a $300,000 property, and in some cases, staging may even net you more than the original asking price.
How much does staging a house cost?
Stage costs for a home can vary from a few hundred to several thousand dollars. The exact cost depends on the services that you are paying and how complicated your home needs to be staged.
Consultation fees and design fees range from $150 to 500. These are fees you pay to a house stager for an in-person consultation. Here they will discuss your goals and create a staging program for your home.
Next, they'll bring furniture in to fill in the spaces and enhance your decor. You can choose from a sofa, a mirror, or any piece of furniture that enhances the style of your room.
Schostok notes that if the home has multiple stories, it is not unusual for the stagers to hire extra help to move furniture around and lift the furniture. Additionally, moving your belongings out of your home to storage can take several weeks. This could add an additional layer of expense.
When you hire a home stager, you will also need to rent furniture for a certain period of time. Some designers require that furniture be rented for a minimum period of three months. It is worth asking about these details before signing anything.
What rooms should I stage?
You should aim to stage all of the main rooms in your home. These areas include your living room, dining area, kitchen, bedrooms, bathrooms, and the basement. It's also a good idea for any small or unused spaces, such as the attic.
Is it really worth it?
The answer to that question will depend on how much your house costs and other factors. If your house isn’t in high demand or you are in a tight rental market, it may not be worthwhile to stage it.
DIY is an economical way to save money and allows you to see the results before you commit. But this can be time-consuming and overwhelming so hiring a stager would be a wise decision.
FAQ
How much will my home cost?
The number of days your home has been on market and its condition can have an impact on how much it sells. According to Zillow.com, the average home selling price in the US is $203,000 This
How do I calculate my rate of interest?
Market conditions influence the market and interest rates can change daily. The average interest rates for the last week were 4.39%. The interest rate is calculated by multiplying the amount of time you are financing with the interest rate. For example: If you finance $200,000 over 20 year at 5% per annum, your interest rates are 0.05 x 20% 1% which equals ten base points.
How much does it cost for windows to be replaced?
Replacement windows can cost anywhere from $1,500 to $3,000. The cost of replacing all your windows will vary depending upon the size, style and manufacturer of windows.
How long does it usually take to get your mortgage approved?
It all depends on your credit score, income level, and type of loan. It usually takes between 30 and 60 days to get approved for a mortgage.
Statistics
- The FHA sets its desirable debt-to-income ratio at 43%. (fortunebuilders.com)
- It's possible to get approved for an FHA loan with a credit score as low as 580 and a down payment of 3.5% or a credit score as low as 500 and a 10% down payment.5 Specialty mortgage loans are loans that don't fit into the conventional or FHA loan categories. (investopedia.com)
- This means that all of your housing-related expenses each month do not exceed 43% of your monthly income. (fortunebuilders.com)
- Private mortgage insurance may be required for conventional loans when the borrower puts less than 20% down.4 FHA loans are mortgage loans issued by private lenders and backed by the federal government. (investopedia.com)
- 10 years ago, homeownership was nearly 70%. (fortunebuilders.com)
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How To
How to locate an apartment
When moving to a new area, the first step is finding an apartment. This process requires research and planning. This involves researching neighborhoods, looking at reviews and calling people. There are many ways to do this, but some are easier than others. Before renting an apartment, it is important to consider the following.
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Online and offline data are both required for researching neighborhoods. Online resources include Yelp and Zillow as well as Trulia and Realtor.com. Offline sources include local newspapers, real estate agents, landlords, friends, neighbors, and social media.
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Find out what other people think about the area. Review sites like Yelp, TripAdvisor, and Amazon have detailed reviews of apartments and houses. You can also find local newspapers and visit your local library.
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Make phone calls to get additional information about the area and talk to people who have lived there. Ask them what the best and worst things about the area. Ask for recommendations of good places to stay.
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Take into account the rent prices in areas you are interested in. If you think you'll spend most of your money on food, consider renting somewhere cheaper. You might also consider moving to a more luxurious location if entertainment is your main focus.
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Find out more information about the apartment building you want to live in. It's size, for example. What's the price? Is the facility pet-friendly? What amenities are there? Are there parking restrictions? Are there any special rules that apply to tenants?