MARCH 2023 | What’s in this issue?
>> RESEARCH: IS IT WORTH YOUR MONEY TO HIRE A STAGER?
>> NAR: THESE CITIES OFFER OPTIMAL BUYER VALUE IN 2023
>> 9 WAYS TO SPRUCE UP YOUR HOME FOR SPRING OPEN HOUSES
Research: Is it worth your money to hire a stager?
As you prepare to sell your home, you might debate whether to hire a stager who can make it look on-trend and ultra-appealing for prospective buyers.
Advocates say an effective stager can make a huge difference in how customers perceive your home, since they know all the tricks for arranging, curating and/or adding to your décor for optimal aesthetics.
But skeptics say the cost (a national average of $1,000 and $3,000, reports Fixr) can be unnecessary. Sometimes, rearranging furnishings calls attention to flaws in the home. And living with borrowed, rearranged or missing furnishings (while waiting for a sale) can be inconvenient.
What do the facts say?
- In the NAR’s 2021 Profile of Home Staging, more than a quarter of buyers said they’re willing to overlook property faults in staged homes. Most important were living rooms (46%), master bedrooms (43%) and kitchens (35%). Among buyers’ agents, 82% agreed staging helps clients visualize a property as their own.
- A survey by the International Association of Home Staging Professionals determined staging can help sell a property three to 30 times faster, while helping boost sale prices by up to 20%. Those who didn’t stage saw price reductions 5 to 20% higher than projected staging costs.
- The Real Estate Staging Association found that after investing an average 1% of their asking prices into staging, 75% of sellers sold at 5 to 15% more than asking prices.
“Homes may be selling faster, but the right style can help earn the highest ROI,” notes stager Patti Stern on NAR.com.
NAR: These cities offer optimal buyer value in 2023
Looking for the best bang for your buck when buying a house this year? A 2021-2022 NAR study evaluated 179 U.S. markets based on factors like home affordability, job growth, migration gains and housing supply, and identified these offering optimal value to buyers.
- Atlanta/Sandy Springs/Marietta, GA. The median home price is $371,200, and tech firms boost the job market.
- Raleigh, NC. Median price is $460,500 and inventory in this tech hub is up 188%
- Dallas-Fort Worth-Arlington, TX. Median price is $390,100, with active home listings tripling and job growth nearly doubling national averages.
- Fayetteville/Springdale/Rogers/Arkansas, MO. Median price: $328,400. Three Fortune 500 firms create jobs, and population growth is a brisk 2%.
- Greenville-Anderson-Mauldin, SC. Median price: $335,400. Strong inventory and tech job growth.
- Charleston/North Charleston, SC. Median price: $416,800. Migration and job growth nearly double national averages.
- Huntsville, AL. Median price is $327,500. Growing job opportunities and low cost of living.
- Jacksonville, FL. Median price is $398,000 in this migration hotspot.
9 ways to spruce up your home for spring open houses
- Wash windows
- Plant flowers in beds or movable pots
- Lay fresh mulch
- Repaint your front door
- Power wash sidewalks, driveways and/or siding
- Clear rain gutters
- Rake up yard refuse
- Get rid of pet odors
- Update patio décor