How Much Does It Cost to Stage a House—And How Much Will You Gain?

 
 

Home staging—where you decorate your house in an effort to entice buyers to bite—may seem counterintuitive at first blush: Why spend money on real estate if you’re moving out?

Simple answer: because home staging can get you more money for your home sale.

If your real estate agent has suggested staging, it’s because evidence shows staging real estate is usually well worth the effort. According to a 2023 report from the National Association of REALTORS®, twenty percent of buyers’ agents said that staging a home increased the dollar value offered between one and five percent, compared to other similar homes on the market that were not staged, which is nothing to sneeze at. But just how much does home staging really cost?

Here’s what to know about the cost to stage a home, so you can decide if paying a professional stager is worth the investment for you.

Inside the numbers: How much does it cost to stage a house?

File this one under “obvious”—but the pricier the staged home, the higher the potential home staging costs. As a general rule of thumb, the average cost for most stagers is $300 to $600 for an initial design consultation, and $500 to $600 per month per staged room.

Home staging might sound expensive, but if you own a vacant home, for example, you’re already paying lots of bills every month that your unstaged house sits empty. If a home stager can help buyers envision how fabulous your living room looks with a little classy furniture and tasteful decor, the costs of home staging may be some of the best money you have ever spent.

What makes the cost of staging a home more expensive?

Most home stagers work with the knickknacks and art that the homeowner already owns. But sometimes home stagers “need to purchase new accessories, fresh towels, flowers, and/or fruit, as these small touches make a big difference,” says Sheila Schostok with Your Home Matters Staging and Redesign, which serves Chicago and southeastern Wisconsin. This is especially true with a vacant house. The stagers’ new purchases will add to the overall cost of the project.

The layout of your home could also add a cha-ching to the home staging costs. Home stagers often use lightweight versions of basic furniture pieces. However, a home staging job that requires heavy lifting in a multistory house still usually means hiring additional help to move furniture, says Schostok.

And if you’re listing a vacant home because you’ve already moved out, you’re looking at home staging costs that include rental fees for every stick of furniture and all furnishing and decor items from a stager.

Conversely, if you inherited a ton of antiques (or have a One King’s Lane addiction), the stager may recommend you declutter by putting excess knickknacks into storage, tacking that monthly rental onto your overall staging costs. Staging services may also suggest that sellers declutter and depersonalize the home by removing unusual, religious or political, and personal items, so home buyers can more easily envision themselves living in the home.

A final expense, an important one that can help ensure staging success, is the price of painting a room. A fresh coat in a 12-by-12-foot room will cost a DIYer around $200, or $400 to $700 if left to the pros.

Saving tips: How to save on home staging

You don’t have to pay a home stager to transform the decor of your entire house from basement laundry room to attic storage.

“A great way to save money when staging is by only focusing on the main areas of a home,” says Schostok.

These are the rooms potential buyers would spend the most time in—the kitchen, living room, dining room, and master bedroom. You’ll also want to pay attention to what the buyers see when they first step in the front door. That first impression, whether it be a bare, unstaged home or an inviting, perfectly staged one, can make the difference in whether they decide to buy and how much they are willing to pay for your house.

Another cost-saving home staging option is to limit yourself to an initial consultation with a home stager, instead of full-service staging. When Schostok does a home staging walk-through with the homeowner, offering home staging tips to maximize the potential for each room, “the price is far less, $125 for 90 minutes.”

You may want to ask your real estate agent if she thinks your home would benefit from home staging. Your agent may also recommend a home staging service or even offer other cost-saving tips besides staging, based on her experience showing real estate to buyers. For example, your agent may recommend that you start by decluttering your home yourself, or spend the money on a specific home improvement task, instead of hiring a professional stager, depending on her own first-time impression of your home.

The biggest cost savings for home sellers who use home staging? Selling their home faster, at a better price, and without months of carrying costs—because their house was properly staged and buyer-ready.

Read more at Realtor.com

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Displaying art in your home? Here are some do’s and don’ts

 
 

There are two common mistakes people make when hanging art in their homes, according to art consultant Louisa Warfield.

“The first is, they hang work that is too small for the space. And often you’ll go in, and you’ll find a sofa [couch] with one tiny picture above it, and that looks lonely and bleak,” she said.

Instead, “Hang a wall… with as big a painting as you can fit.” This helps a room feel homey, Warfield said, while at the same time making the space appear larger. Don’t be afraid to hang large artworks in smaller spaces such as hallways, Warfield said.

The second mistake is hanging artworks too high, which makes pieces harder to “connect” with. “Whether it’s just the visual connection, you just like the look of it, or whether it’s an emotional connection, you feel something from it … if the work is hung too high it feels like it’s not really in the room,” she said.

A guideline is to hang the work so that its center is about 150cm above the floor, Warfield said. Alternatively, hang it so that your eye level is about a third of the way down from the top of the piece. “These are guides — there’s no hard and fast rule,” she said.

The ‘gallery wall’

Having a gallery wall, where several pieces of varying sizes are hung together, is a popular way to display art at home. Most people are not art collectors who buy work around a particular theme; instead, they might acquire pieces on vacation or receive art as gifts, Warfield said.

“As our lives grow and get bigger, [the artworks] often don’t match. But a gallery wall … allows you to draw together lots of quite disparate bits into one quite holistic look,” she said.

Warfield suggests giving the display cohesion. “This might be as simple as everything has a black frame. This might be simple as everything is a flower picture, or … everything is a black and white photo,” she said. She might add a quirk, such as having one picture that has a touch of red in it that stands out against a monochrome selection. 

In a large home, a gallery wall might be about 160cm in height and about the width of the couch the art will hang above, Warfield said. She said mixing larger pieces with smaller ones is acceptable and recommended laying out pictures on the floor in front of the couch to decide how to display them. Should you have the largest picture in the middle of the display? “There’s no ‘should,’” she said. “There are a million different ways of doing it.”

Warfield charges £175 ($222) plus taxes for two hours of advice on what to buy and how to display it. When it comes to the hang itself, it’s worth hiring a professional who understands the best fittings to use for the size of the artwork and the type of wall it will go on, Warfield said. Expect to pay a professional hanger around $100 an hour, she said.

To match or not

You might want artwork to fit with a color scheme you have chosen for your home, but this is something that the art world — which can be elitist — might look down on, Warfield said. Her approach is more inclusive: “You must do whatever you want in your home — it’s your sanctuary,” Warfield said.

“What I advise my clients is that you might want it to match now, but your sofa and your [color] palette is almost certainly going to change again in seven to 10 years,” Warfield said. If you are buying art and are keen on a matching approach, “be very aware of how much money are you spending, and will that picture have longevity after you have changed the color of your sitting room?”

If you’ve recently moved home and feel your existing artworks don’t fit your new space, consider reframing pieces or hanging them unframed to give them a new look, Warfield suggested, or have them glazed in non-reflective and UV-protective glass that will display work more clearly.

For Helen Sunderland Cohen, who collects modern and contemporary art and photography, balance is important. “I try to place works that feel good in a particular space, and that interact organically with one another. This could be through colour, style, or a motif. For example, I decided to hang black and white photography down one corridor,” she told CNBC by email.

An art collector’s approach

Sunderland-Cohen’s London home features an open-plan living area with large windows along its length that shed light on her collection.

A mask by British-Nigerian artist Yinka Shonibare hangs next to a monoprint on fabric by British artist Aimee Parrott, followed by an oil on canvas by post-war British artist Prunella Clough. Meanwhile, a bright pink porcelain cone by Simon Bejer is displayed on a side table — Bejer is a graduate of the City & Guilds School of Art in London, where Sunderland Cohen is a trustee.

“I ... try to arrange the art in a way that works with the furniture, rugs, and light, so that everything feels harmonious,” Sunderland Cohen said.

Sunderland Cohen, who manages The Sunderland Collection, a collection of antique world maps and atlases, said she buys work for her home that she has a personal connection to, such as places she has lived. “I think a lot of displaying art comes down to confidence and intuition, rather than worrying about what other people will think or how trendy an artist is,” she said.

“I am fascinated by design, and like living with it: even simple objects like a well-designed lamp or a beautiful cushion, or a quirky vase. These items do not have to be expensive, just engaging and fun,” she said.

Read more at CNBC.com

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Why a Condo May Be a Great Option for Your First Home

 
 

Having a hard time finding a first home that’s right for you and your wallet?

Well, here’s a tip – think about condominiums, or condos for short.

They’re usually smaller than single-family homes, but that’s exactly why they can be easier on your budget. According to the latest data from the National Association of Realtors (NAR), condos are typically less expensive than single-family homes (see graph below):

 
 

So, if you’re comfortable with a smaller space and want to buy your first home this year, adding condos to your search might be easier on your wallet.

Besides giving you more options for your home search and maybe fitting your budget better, living in a condo has a bunch of other perks, too. According to Rocket Mortgage:

“From community living to walkable urban areas, condos are great options for first-time home buyers and people looking to enjoy homeownership without extensive upkeep.”

Let’s dive into a few of the draws of condos for first-time buyers from Bankrate:

  • They require less maintenance. Condos are great if you want to own your place but don’t want to mow the lawn, shovel snow, or fix the roof. Your real estate agent can help explain any associated fees and details for the condos you’re interested in.

  • They allow you to start building equity. When you buy a condo, you build equity and your net worth as you make your mortgage payments and as your condo’s value goes up over time.

  • They often come with added amenities. Your condo might come with access to amenities like a pool, dog park, or parking. And the best part? You don’t have to take care of any of them.

  • They provide you with a sense of community. Buying a condo means you’ll be living close to other people, which is nice if you enjoy having neighbors around and making friends. Many condo communities hold fun events like barbecues and parties during holidays for everyone to enjoy.

Remember, your first home doesn’t have to be the one you stay in forever. The important thing is to get your foot in the door as a homeowner so you can start to gain home equity. Later on, that equity can help you buy another place if you need something different.

Ultimately, owning and living in a condo is a lifestyle choice. And if it’s one that appeals to you, they could provide the added options you need in today’s market.

Bottom Line

It might be a good idea to think about condos in your home search. If you're ready to see what's out there, get in touch with a local real estate agent today.

Read more at KeepingCurrentMatters.com

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5 Ways to Create a Statement With Your Garage Door

 
 

Home customization is virtually limitless these days, and your garage door is no exception.

The traditional white paneled rectangle has transformed into a blank canvas for creativity and self-expression. Not sure where to start? Don't worry, we've got you covered. With a little creativity and some simple tips, you can transform your garage door into a welcoming and eye-catching feature that will impress anyone passing by. Here are five ways you can create a statement with your garage door and elevate the curb appeal of your home.

Roll Up Your Sleeves and Paint
One of the easiest ways to make a statement with your garage door is by giving it a fresh coat of paint or stain. Choose bold colors that complement your home's exterior, or opt for a unique pattern or design. You can also add details with stencils or tape for a more personalized touch. Just make sure to use exterior-grade paint and stain to ensure durability.

When painting or staining your garage door, be smart about your approach. Start by thoroughly cleaning and sanding the surface to remove any dirt or imperfections. Prime the door with a quality exterior primer before applying the paint or stain. It's also a good idea to test out your chosen color or design on a small area of the door first to ensure you're happy with the result. And don't forget to properly seal and protect your door after painting or staining to maintain its vibrancy and protect it from the elements.

Get Creative With Windows and Glass
Adding windows or glass panels to your garage door not only adds visual interest but also allows natural light to enter your garage space. You can choose from different styles and shapes of windows to match your home's architecture and personal style. Additionally, frosted or tinted glass can also provide privacy while still adding a modern touch.

If you're not sure where to start or how to properly install windows or glass panels on your garage or entry doors, it's best to seek professional help. Many garage door companies offer installation services for added convenience and safety. They can also provide guidance on the best type of windows or glass for your specific door and needs.

Add Some New Hardware
Adding hardware accents, such as handles and hinges, can instantly transform the look of your garage door. These small details can add a rustic or industrial feel, depending on the style you choose. Additionally, you can also opt for decorative faux hardware to achieve the same effect without drilling into your garage door.

To ensure that your hardware doesn't fall off, make sure to choose high-quality and durable pieces. If you're adding hardware to a metal garage door, use self-tapping screws instead of regular ones for a more secure hold. Also, regularly check and tighten any loose screws or hinges to prevent them from falling off. And remember to follow the manufacturer's instructions and recommended weight limits when installing hardware on your garage door.

Get Decals Made
If you're feeling artistic, why not create your own custom decals for your garage door? You can use vinyl stickers or stencils to create a unique design or even showcase your family's name or favorite sports team. This is a great option for those who want to add a personal touch without making any permanent changes to their garage door.

There are many online printing companies that offer custom decal making services. You can also visit your local print shop or craft store for more options and personalized assistance. Just make sure to choose a high-quality and weather-resistant material for your decals, so they don't fade or peel over time.

Add a Light Touch
Last but not least, adding lighting fixtures above your garage door can create an eye-catching statement at night. You can choose from different styles such as wall sconces or hanging pendant lights to match your home's overall aesthetic. Not only will it add visual interest, but also provide added safety and security for your home.

In addition to being a design feature, lighting can also serve practical purposes for your garage door. Installing motion-sensor lights above your garage door can help deter potential intruders by illuminating the area if any movement is detected. You can also opt for smart lighting that can be controlled remotely through a mobile app, providing added peace of mind when you're away from home. Proper lighting can also improve visibility when entering or exiting your garage, reducing the risk of accidents and improving overall safety for you and your family.

Some Things to Avoid
While there are many ways to create a statement with your garage door, there are also some things you should avoid. For instance, it's best to stay away from overly trendy designs or colors that may become outdated quickly. It's also important to consider the overall aesthetic of your home and choose elements that complement it rather than clash with it.

Additionally, avoid any modifications or additions that may compromise the functionality of your garage door, such as blocking its movement or interfering with its sensors. And always make sure to follow safety precautions and manufacturer's instructions when making any changes or enhancements to your garage door.

With these five tips, you can easily create a statement with your garage door and enhance the overall look of your home. Don't be afraid to get creative and think outside the box. Your garage door is an extension of your home's exterior, so make sure it reflects your personal style and adds to the curb appeal of your property. Remember, the possibilities are endless when it comes to customizing your garage door.

Read more at Rismedia.com

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How Buying or Selling a Home Benefits Your Community

 
 

If you’re thinking of buying or selling a house, it’s important to know it doesn’t just impact you—it helps out the local economy and your community, too.

Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes (see visual below):

 
 

When a house is sold, it really boosts the local economy. That’s because of all the people needed to build, fix up, and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains how the housing industry adds jobs to a community:

“. . . housing is a significant job creator. In fact, for every single-family home built, enough economic activity is generated to sustain three full-time jobs for a year . . .”

It makes sense that housing creates a lot of jobs because so many different kinds of work are involved in the industry.

Think about all the people involved with selling a house—city officials, contractors, lawyers, real estate agents, specialists, etc. Everyone has a job to do to make your deal go through. So, each transaction is a big help to those who work and live in your community.

Put simply, when you buy or sell a home, you’re helping out your neighbors. So, when you decide to move, you’re not just meeting your own needs—you’re also doing something good for your community. Just knowing your move helps so many people around you can give you a sense of empowerment as you make your decision this year.

Bottom Line

Every time a home is sold, it really helps out the local economy. If you’re ready to move, get in touch with a local real estate agent. It won’t just change your life—it’ll also do a lot of good for the whole community.

Read more at KeepingCurrentMatters.com

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