By Judy Royal
All the world’s a stage, including your home. If you’re planning to sell a property in the Wilmington NC real estate market, you’ll want to make it as appealing as possible to the masses with an eye-catching first impression. Cleaning and fixing that doorknob that’s been broken for years aren’t the only things you can do to get ready. Home staging is the process of preparing your residence for the marketplace with the goal of making it attractive to the highest number of potential buyers through the use of the following components: artwork, painting, furniture, accessories, lighting, greenery, and carpet. Experts agree that a professionally staged home is likely to spend less time on the market and net a higher sales price.
“The first thing it does is it gives the buyer a vision and a lifestyle of how they can live in the home,” said Lyn Manning, interior decorator and staging specialist who works with many Intracoastal Realty clients. “It just sets up a whole visual appeal. When we go in model homes we typically like the model home, and part of that is because it’s all set up to visually appeal to and emotionally grab the buyer. It shows them that lifestyle that they can have in that home and helps them decide how they can set the furniture up.”
This is especially important in homes that have floor plans with irregularities, Manning said. Professional staging can smooth those out by adding visual items that might be similar to what the new owner would incorporate. “It kind of takes away that guessing game for a buyer who has seen that raw, open space,” she added.
Staging isn’t just for empty homes, though. Many potential sellers will need to continue living in their residences while they are on the market and open to buyer showings. While Manning can provide all the furniture and decor to stage an empty property, in a lived-in space she works with what’s already there. “The challenge is to show the homeowner that less is more and get them to understand that thinning out is really necessary,” she said. “I really need to use what they have, maybe adding a few inexpensive elements to dress up what they have, and that’s a key part of this. My job is not to critique or criticize how they have lived in the home or their choice of decor.”
The home staging concept was born in 1972 when Barb Schwarz left the interior design business and went into residential real estate in Bellevue, Washington. With a background in theater, she began to suggest to sellers that they set the scene for potential buyers. In 1985, Schwarz began touring the country to teach agents and decorators about home staging and how it can be an advantage when selling a house, and in 1999 she founded the International Association of Home Staging Professionals® (IAHSP®).
About 49 percent of Realtors® who work with buyers believe staging usually has an effect on the buyer’s view of the home, and another 47 percent believe staging sometimes has an impact on a buyer’s view of the home, according to the National Association of Realtors® 2015 Profile of Home Staging. The report, the first of its kind from NAR, also found that Realtors® on the buyer side believe staging makes an impact in several ways: 81 percent said staging helps buyers visualize the property as a future home, while 46 percent said it makes prospective buyers more willing to walk through a home they saw online.
Realtors® believe that buyers most often offer a 1-5 percent increase on the value of a staged home (37 percent from Realtors® representing sellers and 32 percent from Realtors® representing buyers). Additionally, 22 percent of Realtors® representing sellers and 16 percent of Realtors® representing buyers said the increase is closer to 6-10 percent.
For an empty home, Wilmington sellers can expect to pay an average of $1,595-$1,895 for home staging, depending on how many rooms need the service, and there is also a small fee for each month the staging specialist’s items remain on the property, Manning said. The cost for a detailed consultation that uses the homeowners’ existing belongings is $125-$155, she added.
So how do you get started when you have years or maybe even decades of accumulated goods in your dwelling space? Matthew Finlason, the host of HGTV’s television series “The Stagers,” offers these 10 rules for staging homes, according to an article on HGTV’s website:
- Grab them from the curb: Add potted plants and flowers, pressure wash patios and walkways, weed the garden, and mow the lawn.
- Make it sparkle: Mop, dust, vacuum, wash windows, and clean baseboards, inside cupboards, under sinks, and in closets. Also, be mindful of any odors.
- Pay attention to color and light: Neutralize strong colors for the broadest appeal, and open up blinds and draperies to ensure sufficient natural light.
- Depersonalize: Remove excessive personal items, such as photos, collections, personal awards, and electronics.
- Consider replacing furnishings: Think about removing or replacing worn or outdated furnishings, and get rid of extra pieces.
- Invest in new artwork: Breathe new life into your home with paintings and photography, which can be used to contemporize a room and add a splash of color.
- Make repairs: Repair squeaky doors, chipped or smudged paint, and broken fixtures and fittings that you’ve neglected.
- Apply a fresh coat of paint: Refresh a dull, dated room by brushing on some neutral color.
- Don’t forget the floors: Get rid of worn carpets, and consider refinishing shabby hardwood floors. An inexpensive new area rug may also be a quick fix.
- Spring for new light fixtures: Renew the look of the room by replacing old or dated light fixtures, door hardware, light switches, and outlets.
While these tips are a good start for any seller, they cannot replace the aesthetic details a professional can impart for a perfect look that can help you grab top dollar for your property.
Whether you’re in the market to buy or sell, Intracoastal Realty is here to meet your Wilmington NC real estate needs. We are a full-service real estate brokerage operating since 1976, and we currently have 12 offices with over 400 agents and staff to serve Southeastern North Carolina, including the areas of Wilmington, Wrightsville Beach, Carolina Beach, Kure Beach, Southport, Oak Island, Ocean Isle Beach, Leland, Hampstead, and Topsail Island.