Renovating vs. Home Staging: Redesigning Homes for Faster Sale

Selling a home requires more than just planting a “For Sale” sign in front of the house. Before you put the house on the selling market, you need to make sure that the property is spruced up for faster sale and top price. Home staging and renovating are two options you can consider to improve the appearance of the property with ROI in mind. It can get a bit difficult to decide between home staging and home renovation.

If the home is dated, most home sellers or real estate agents might be tempted to renovate the entire house to breathe new life into the home that can have a huge impact on its resale value. If the house needs redecorating, home staging is a sensible choice. It allows you to decorate a home in a way that packs a universal appeal, helping buyers envision themselves living there.

We have put together a breakdown for you in this handy outline, helping you decide the best option to get your property sold faster and for top dollar.

Renovating a home for resale

Home renovation is restoring something old into something new. It is the process of improving a damaged, broken, or outdated structure. Renovations can be as small as updating the kitchen cabinetry or as large as gutting the house and rebuilding everything.

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When should you renovate your home before selling

• The house is older, and you want to update it with certain features to increase its resale value.
• You want to renovate certain rooms to yield more returns. For example, restoring the hardwood floors, kitchen, deck, or bathroom can add value and boost your selling price.
• You don’t have the time nor budget for expensive upgrades; small renovations like a fresh coat of paint, decluttering, trimming the lawn, or steam cleaning the carpets can do the trick.

Related Article: Selling Dated Homes And New Constructions Using Virtual Renovation

Staging a Home for Resale‍

Home staging has been proven to provide a solid ROI. Staged homes help buyers visualize better the aspects they want in a home. Staging involves changing the overall appearance and ambiance of the house to make it more buyable.

Simply stated, home staging is preparing a property for sale. It gives the buyers a ready-to-move-in look, transforming the home into a welcoming environment for the buyers. This helps it sell faster and for more than a home that isn’t staged.

Most staged homes include furniture, painting, art, plants, lights, and rugs to make the home more inviting to the potential buyer. ‍

When should you go for home staging

• To increase the worth of your property.
• To entice potential buyers to come to check out your home after seeing the gorgeous listing photos.
• To create an emotional connection with your potential buyers, helping imagine themselves living in the house. 

‍Whether home renovation or home staging, treat it as a business decision.

Before you even decide between the two, consider why you need to renovate or stage the home – to resell the house, of course. It’s a business decision so treat it like it. Your renovation or staging decision should be able to:

• Attract more buyers
• Increase the value of the property immediately
• Fast-track its sale for a higher price

In the end, the decision to renovate or stage a home depends on the seller’s budget. Home staging is a huge financial investment, requiring approximately 1% of the home value. It’s worth the investment because staged homes sell 73% faster than homes without staging. But if the seller doesn’t have that kind of money to spend on staging or renovation, technology offers cheaper alternatives. Virtual staging and virtual renovation can present the home in a marketable fashion, spur numerous acceptable offers, and speed up the sale without the hefty financial investment.

Related article: Virtual Staging Vs Real Staging

With virtually staging at $16 per image and virtual renovation at $24, Styldod works incredible magic to virtually transform your home into something spectacular, worthy to be sold faster and for a higher price.