First impressions last! This holds true even for Hawaii real estate. Home staging allows you to tap into the emotions and psychology of the potential buyer by presenting your home in its best shape to create a lasting impression. When home staging, you want the buyer to connect with your home the first time they see it and envision themselves in the current home setup. But why spend money to fluff your home if you’re moving out? Well, simple! Because you’ll sell your property more easily and get a good return on your investment. Statistics show that you can sell your home quicker and at a high-offer sale if you stage it. This is why hiring a pro to stage your house is such a good sale proposition. But just how much does it cost to stage a home for sale in Hawaii?
Typically, this depends on a few factors, majorly depending on how much work is needed, the size of your space and how long it needs to be staged. Here's the scoop on everything you need to know about the cost to stage a home for sale, so you can decide if paying a professional stager is worth the investment for you.
Home staging is the art of professionally preparing and arranging furniture and décor with the intent of showcasing a house for sale. When home staging, you want to sell a lifestyle to the potential buyers by helping them visualize themselves living in your house. Home stagers achieve this by imagining what kind of space the prospective buyer would be looking for, and then packaging the property to meet these aspirations and preferences. In competitive markets such as Hawaii, home staging ensures that your property sells off the listing faster and for a higher price than unstaged properties. A house that feels inviting and warmer fosters a unique connection with the buyer, and if well done, it would quickly get your property off the market.
According to statistics, the average national cost to stage a home for sale is $1,068. This cost usually goes to cover for furniture and rental for other suave décors. Depending on the size of the space to be staged, the amount of work to be done and the number of days the property will be staged, this cost can go upwards. Some stagers will ask for a minimum of 3 months staging contract. If say, the monthly cost of staging your house is $2,000, the total amount would be $6000 or even more. Your professional stager may also recommend painting, floor refinishing, professional cleaning, lights upgrading, new furniture, and cabinetry. All these aspects can drive the cost to stage a home for sale upwards.
Initially, a professional home stager may ask for a consultation fee. This may be between $150 and $600 for an initial 2-hour consultation. Once you’ve decided the space to be staged and the duration of the contract, the pro stager may ask for a monthly fee ranging between $500 to $2000 per room to tastefully prepare and present your property to prospective buyers. But home staging doesn’t have to be expensive. Some home staging companies may recommend you to use your furniture. If you’re moving out, however, you may need to hire furniture from the staging company or from other third-party furniture rental companies. Whichever option you go for will significantly affect the overall monthly cost to stage a home for sale.
If you’ve already moved out and are looking to sell your home, the cost of staging your empty home may be significantly high. The average cost may be anywhere around $2,000 per month for a vacant 2,000 sq. foot house. This price includes the initial consultation fees, service fees, furnishing, decorations and removal of the items after the sale. If the staging company has the 3-month staging contract requirement, this staging cost can easily reach $6,000 after some of the strategic spaces such as the living room, kitchen, and master suite have been staged.
If you’re wondering how much it will cost to stage your occupied home, the cost is significantly lower than when the house would be empty and is usually a one-time fee of around $800. This usually goes to cover the initial consultation fees, and the cost to declutter and rearrange the existing furniture.
The cost of staging a condo will depend on the number of rooms to be staged, the touch-ups required and whether the condo is already occupied or if it's empty.
A professional home staging service may recommend some additional renovations and additions to your home to get it in tip-top conditions. These costs may include:
Here are a few options that you can use to bring your staging costs down:
Absolutely! Staging your house for sale has a great ROI. You staged home will sell for up to 20% higher than the market value in 33-50% less time than an unstaged property. This eventually translates to an extra 8 to 10 percent return on investment. In fact, staging your house has higher returns on investment than other extensive, and time-consuming renovations and remodels. And the best thing is, all this cost is ultimately transferred to the buyer as part of the closing costs.
The temptation to DIY your house staging can be alluring. But staging your house requires time and extensive knowledge of the real estate market to get your property off the market faster than the competition and still fetch top-dollar after the sale. This is why it is important to hire a staging company with the knowledge, skills, and resources to transform your house into every prospective buyer’s dream. Ultimately, a professional staging service will free up your time, reduce the hassles, and ensure that your house sells quickly and at a higher price. At 24hourstaging, we have staging services curated to fit your needs and budget. Contact us today to get an estimated cost to stage a home for sale in Hawaii.