Staging is a relatively new tool in Metro Halifax and Nova Scotia. This makes it an exciting field to be in, as we contribute to its growth. According to StagedHomes.com, the creators of the federally recognized Staging® trademark, staging any home increases its value on average 6.3%. Interiors Working For You has an excellent track record from the perspective of both selling time and selling price.
There is a trend in the US and recently in Upper Canada where smart real estate companies are Staging each and every new listing. The beauty of Staging is that it is inexpensive. We find cost effective solutions, including the use of reasonably priced tradespeople if needed, the use of the homeowner's own possessions wherever possible, and if warranted household furnishings and accent pieces at a reasonable monthly rental rate.
The Housing Urban Development (HUB) in the States did a study which showed that Staged homes sold for 17% more than the list price on average. Another study by Joy Valentine looked at 2772 homes over six months in eight US cities, from March to September 1999, and found that the average selling time was 13.9 days for staged homes versus 30.89 days for others. On average these staged homes sold for 6.4% over list price.
In some cases the Staging process makes the difference between a house that sells and one that sits forever unwanted on the market. How do you meaure that?
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