The 3-foot 5-foot rule refers to staging a home with both up-close details and overall design in mind. Most people notice details, like small décor and the condition of countertops and appliances, from about 3 feet away. The overall design of a room becomes clear from about 5 feet away.
After the initial consultation, a home stager can make at least $1,000 if the client wants the stager to complete the home staging project for them. This figure can go as high as $5,000 to $10,000 depending on the needs for that property, the home stager's expertise, and where they live.
Home Staging Can Be Expensive
And if your home doesn't sell and stays long on the market, the cost of renting furniture will quickly add up. So when you take into account the upfront costs of traditional home staging, it can quickly eat into your profit margins.
According to a study from the National Association of REALTORS® (NAR), 77% of buyers say it's easier to visualize a staged property as a future home. Staging also makes a home look more move-in-ready – meaning that it doesn't seem to need a lot of work or repair before a new buyer could move in.
STAGING COSTS means * per Pallet Lift for packaged Product, and * per Pallet Lift for draught Product, during 2004. ATTACHMENT A describes the methodology used to modify Staging Costs for 2005 and future years and the assumptions and activities involved in Staging Costs.
According to RESA, staged homes can sell for up to 15% more than non-staged homes. The investment in professional staging can yield significant returns for sellers in terms of final sale price. NAR findings also show that 41% of buyers are more willing to tour a home in person after viewing staged photos online.
Staging is often paid for by the sellers of the home, as they know they will see a return on this investment in the form of more offers at higher dollar amounts. However, we are seeing more realtors pay for staging or split the cost with their clients.
How long does staging take? Once the property prep stage has been completed, we can usually stage your home in 1-2 days, depending on the size of your home. If you need accessories, we will need to plan ahead. Some furniture rentals could take up to 1-2 weeks.
Decorate slowly with meaningful things.
Take time to find, restore, and collect things that will make your home beautiful in a way that's unique and special to you. Frame photos that tell your story, or mementos from places you've been. Clean up your grandparent's antique treasures if they bring back good memories.
The judge of CNBC's "Money Court" tells CNBC Make It that renters and buyers alike need to follow the 1/3 rule, which calls for a third of your after-tax income to go toward living expenses, a third toward your home and the last third toward savings and investments.
This depends on the home stager and how they've priced their services. That said, on average, most home stagers charge between $25-$200 USD per hour – with some of the most esteemed professionals even charging upwards of $500 USD per hour!
A few recommended home-staging tips are to declutter, clean, or replace your appliances so they look new; remove any personal items such as photos and monogrammed towels; and get rid of odors.
Staged houses in expensive states like California where homes get snapped up fast don't sell for significantly higher prices than empty homes. But if you live in a slower market, staging will help prevent your home from sitting on the market and give you a return of a couple thousand dollars on average.
What's more, the 2021 Profile of Home Staging also reveals that staged properties sell for more money than non-staged ones: 23% of buyers' agents reported a 1-5% increase in the dollar value of the home after staging. 15% of buyers' agents reported that staging led to a 6-10% bump in the sale price of the home.
You may assume they use their own furniture or buy new pieces for each staging project, but that's not always true. In fact, many home stagers rely on rental furniture to create stunning and cohesive designs.
Home Staging professionals appreciate the value of a well-placed picture. How and where you hang your photos and paintings can make or break your decor. Whether you are a designer, home staging expert, or simply love to decorate your space, knowing the trick to hanging pictures can make it a whole lot more fun.