Home staging: pick a budget & stick to it

Selling your home is expensive, which is a crazy idea when you consider that you’re actually selling your most valuable asset.

But putting money into your property to increase its appeal to potential buyers can really pay off, literally.

The question is, how much do you spend on home staging and making your property sale day ready? 

How much is too much?

First things first, you need to do your research. It’s so vital that in the lead up to selling you home you research other properties that are on the market to gauge your direct competition. From there you can figure out how much you can, or should, allocate to preparing your home for sale. Then you can divide up your resources according to what needs to be completed.

Every cent counts

From a financial perspective it’s essential to ensure that every dollar being invested into your home is worth it. A rule of thumb is for every dollar you invest you should see at least $4 back in your pocket, giving you a 400% return on investment. It sounds massive, but believe me it’s achievable!

The best way to work this out is to compare the sale price of a staged home against that of an equivalent un-staged home. Then work backwards to obtain what the maximum investment should be for staging your home.

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Image courtesy of Ponsulak/FreeDigitalPhotos.net

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