10 charts that show how the property market changed this year
Property prices have kept rising across the country this year, though the rate of growth has now slowed from the faster pace seen earlier in the year. Click here to read more.
Home staging is all about setting a home up with furniture and homeware so that you show the place off in its best light and offer potential buyers a look at what is possible in the space.
While home staging might still be a relatively new concept to some in Australia, it’s most definitely growing in popularity.
To put it simply, home staging is all about improving the aesthetics of the home in preparation to sell the property. This is usually done by bringing in homeware, art and furniture in the short-term and to set up the home for the selling process, from photos through to the open house and sale.
Home staging is usually done by an expert who will go through a consultation process with the seller, visit the home and get a feel for the space and make recommendations. They might even recommend painting or some small repair tasks.
Home staging is about making a property look as appealing as possible to potential buyers so that it sells quickly and for the best price.
While price will depend on where you are and what you need and for how long, you can expect to spend about $5,000 on home staging.
Depending on your budget, however, you don’t need to spend much. For instance, you could restyle the house with furniture you have. Or to keep costs down, you could also do home staging yourself and not go through the consultation period with an expert.
Home staging can simply be a matter of cleaning your carpets, painting your walls and hanging some rented artwork to spruce the space up.
Don’t discount it as an option only for high-end houses or as being too expensive. There are many levels of staging and many options that could work for you.
Furniture can be hired for just one room or for a whole house. Just need artwork or a bunch of accessories? That can be hired too.
Weigh the investment against your first potential price reduction if you don’t sell. Staging will always be more cost effective, and you can customise it to suit your needs (you might not need the full furnish).
In short, yes, home staging can definitely increase the sale value of your home.
Hipages.com.au says, “For every dollar you spend on property styling, you make $3 in return when you sell.
“On average, a styled home sells within 33 days of being put on the market. In contrast, it takes around 90 days to sell an unstyled property. In Australia, styled homes sell for three to six percent more than un-styled homes.”
This depends on the stager, some stagers hire their own items whereas others use furniture hire companies.
As anyone who has sold a property will tell you, selling a place takes work. So you’re going to want to get it right. With this in mind, some level of property styling is most definitely worth it.
Whether you do it yourself, or engage the services of an expert, you will most likely ensure a sale at the end of your efforts, showcase the property in its best light and therefore get the best price possible.
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Property prices have kept rising across the country this year, though the rate of growth has now slowed from the faster pace seen earlier in the year. Click here to read more.
Sadly, when you’re living under the same roof as someone else it’s not always that easy, and share houses are the source of endless tales of nightmare housemates who leave a trail of filth wherever they go, or worse, refuse to pay their rent. Click here to read more.