Increasing numbers of sellers are beginning to understand that Staging can increase the sale price of their home. A carefully staged home can sell for 6 to 20 percent more than the list price in a modest neighbourhood. In a high-end neighbourhood, this can be as much as 20 to 25 percent more. Staging does in fact create a ripple effect: It impacts homeowners, the real estate agent, the neighbourhood, and the mortgage company, which in turn affects the economy in general.
Your Return On Home Improvement Investments
Investing as little as $80 or as much as $3,000 will bring you closer to the sale of your home. Below are some home improvements that are sure to increase your home's value.
Lighten and brighten. Cost, $86-$110, increasing the sale of your home by $768-$935, bringing you an average return of 769%. 84 percent of agents recommend this improvement.
Clean and de-clutter. Cost, $305-$339, increasing the sale of your home by $2,093-$2,378, bringing you an average return of 594%. 91 percent of agents recommend this improvement.
Fix plumbing and electrical. Cost, $338-$381, increasing the sale of your home by $922-$1,208, bringing you an average return of 196%. 63 percent of agents recommend this improvement.
Staging. Cost, $212-$1,089, increasing the sale of your home by $2,275-$2,841, bringing you an average return of 169%. 76 percent of agents recommend staging.
Kitchen and bath upgrades. Cost, $1,546-$2,120, increasing the sale of your home by $3,823-$4,885, bringing you an average return of 138%. 83 percent of agents recommend this improvement.
Repair flooring. Cost, $1,531-$1,714, increasing the sale of your home by $1,714-$2,267, bringing you an average return of 50%. 62 percent of agents recommend this improvement.
Paint exterior walls. Cost, $2,188-$2,381, increasing the sale of your home by $2,907-$3,233, bringing you an average return of 34%. 57 percent of agents recommend this improvement.
Replace carpeting. Cost, $2,602-$2,765, increasing the sale of your home by $3,585-$3,900, bringing you an average return of 39%. 65 percent of agents recommend this improvement.
(Proven strategies from the creator of Home Staging, Barb Schwarz and costs are typical and based on geographics only.)
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