Cost of Professional Home Staging – Less than First Price Reduction

In yesterday’s blog, I raised the idea that the cost of professional home staging is much less than the first price reduction after a house has been on the market. 

Let’s look at the facts.

·         Using figures provided by CORT, the world’s largest provider of rental furniture, we can imagine a very conservative first price reduction of 5% on a $225,000 house which equals $11,250.  This conservative assumption is supported by the National Association of Realtors which cites a 10% lower sales price associated with more than 24 weeks on the market. 

·         The average cost of home staging in the CORT example was $4,700 and likely involves renting their furniture.

·         Using the CORT figure, the cost of home staging would be less by $6,550 or 58% than the first price reduction of $11,250. 

Realtors can provide their own calculations based on local conditions to this formula.  My guess is that the result will be the same - the price of professional home staging is much less than the first price reduction. 

Plus, home staging helps sell the house more quickly.  We have numerous examples of Transitions staged houses that sold within the first week or two after being staged such as the Peppergrass and Manor homes featured today. 

You can also see more examples of how we transform houses into homes at our Transitions Home Staging website – http://www.transitions-home-staging.com/.

And who can put a price tag on the value of selling your house quickly and moving on to the adventure of settling into your new home. 

Dwell in possibilities!

Cindy