Blog by Carol Lome, Broker

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Home Staging

A poll of potential buyers released by Royal LePage found that sellers ought to do more than just look after required renovations before showing their home.  The results show decor improvements help make a strong impact on buyers and can ultimately affect a home's market value.  36% of potential buyers said that they would be willing to pay a premium for a home with udated decor.  "First impressions are key in real estate as buyers often make up thier minds about a home within the first few minutes of entering the front door," says Dianne Usher, senior manager, Royal LePage.  "A combination of the right renovations with modern and tasteful decor is the best way to do that".  She continues to say, "A contemporary and minimalist space with neutral coloured walls and a limited number of personal items appeals to most buyers and enusres the best results when selling a home".  The need to stage empty spaces becomes especially important in oddly shaped rooms or smaller properties because it can be very hard for buyers to visualize furniture arrangements or gauge how well furniture will fit.  "Staging really helps buyers envision themselves in the space."  53% of buyers believed strong odours such as pet and cigarette smells had a stronger impact on their impression of a home over overall tidiness and cleanliness, strong wall colurs, outdated facade and landscaping.  Regarding renovations, the poll showed that 63% of buyers preferred a highter priced home that does not require any renovations over a lower priced fixer-upper.  79% of buyers said they would be willing to pay more for ahome with a renovated kitchen.

Call Carol Lome for a list of Home Stagers!