Home Staging - Spend One Thousand And Save Ten Thousand

For most people, selling their homes is one of the biggest transactions they will ever make. It is a significant event in almost everybody's lives, whether this significance is of monetary or emotional value, not least because it takes people years to pay off mortgages on a home and build up their equity. Like with any other large investment, people seek to maximise their return.
Home staging is an insurance policy for ensuring a successful residential real estate sale. Home staging allows sellers to control the controllable aspects of selling a property (such as its presentation and choice of realtor) to maximise the profits that could be made. The uncontrollable factors such as economic state and real estate market conditions cannot be controlled, but their effects can be minimised by this process.
By presenting your home in the best possible light, which is incidentally directly within the control of the seller, home staging makes its impact by appealing to potential buyers' psychological and emotional sides, drawing them in to become more attracted to the property on multiple levels. This resulting connection creates a bond, which lessens the likelihood of the buyer haggling on the property's asking price. As a result, the profit potentials are maximised.
Although every home is unique, a rule of thumb is that by spending a little on home staging, you can reap the rewards of much greater amounts of money than you paid for. Typically, by spending anywhere between $500 and $2,000, home sellers can reduce the risk of a stale listing occurring, causing a drop in selling price. This would clearly be detrimental catastrophic and something that sellers want to avoid, as price drops of $10,000 or more for stale listings are typical, in the Toronto market at least. So, while not an absolute certainty, you can definitely reduce your risk and protect your selling price upside with home staging.
As well as avoiding a stale listing, by investing a modest amount in home staging, you can also potentially increase the selling price of the property. You will need to find a suitable home staging company for the project, but often spending $1,000 can justify a $10,000 to $20,000 higher selling price. Combined with minimising the likelihood of a stale listing, it's clear to see how spending $1000 can save you $10,000.
About the author:
Anne Bourne and her team of home staging Toronto professionals provide a complete range of home staging services all across the greater Toronto area. Anne has been featured in the newspapers the National Post and the Globe and Mail, and on the television shows CityTV News and On The Money, where she has provided home staging tips and advice.

http://www.stagingworks.ca