Kokomo Home Stager Makes “Cents”

SavingsCalculator_Blog_ImageUse this simple formula to determine how much you will save by staging your home or listing before putting it on the market:

Mortgage + expenses (utilities, etc..) = Monthly expenses

Monthly expenses X 5 months (avg. time un-staged) = Cost to list house un-staged

Savings: Expenses x 4 months (average time on market reduced because of staging) – staging fee = Savings if you stage your house first!

** If you have a price reduction, you can also add that into the loss you are taking by listing a property un-staged. 

Here is where the numbers above have come from:

“The Real Estate Staging Association® (RESA®) study shows 63 homeowners had their property on the market on average of 143 days before they decided to stage. 143 days = 5 months!!!  Those same homes were staged and sold in 40 days on average after staging. This is 72% less time on the market.  As an example, using this formula you can determine approximately how much money you will continue to spend while your home is on the market un-staged.

If your mortgage is : $1,800.00
If your expenses are: $300.00
Total carrying cost per month: $2,100.00

Our study shows homeowners had their property on the market for an average of 4.7 months.  Since you can’t pay half a months mortgage we will round this up to 5 months $2,100.00 X 5 months = $10,500.00 in expenses.

We studied 481 homes that were staged before then went on the market and those homes sold on average in 23 days. Had these homeowners staged first, their time on market would have been cut by 120 days on average (4 months). $2,100.00 x 4 months= $8,400.00

Staging their homes first would have saved them $ 8,400.00!  That doesn’t include a price reduction if the listing was already reduced in price.

These numbers are all relative to individual mortgage and expenses.”

If you are selling a house in Central Indiana, call Staging Grace Designs to start saving money through staging!

Source: http://resa.clubexpress.com/docs.ashx?id=28764

Jill Aaron

Principal designer of Staging Grace Designs, a central Indiana interior design and home staging company based in Kokomo, IN. Jill received a Bachelors degree in Management from Purdue University in 2001, and studied residential design at the Art Institute of Indianapolis in 2008. This led to a career in design as a freelance Redesign Consultant, and her love for interior design and transformation naturally led her to home staging.

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