Boston Condos for Sale and Apartments for Rent
The benefits of staging a downtown condo out-weigh the costs
Staging refers to a method of downtown Boston condo preparation for sale on the real estate market. Staging is a good way of showcasing a property’s best assets, impressing the buyers, and selling it faster for the highest possible price.
No homeowner wants to settle for more extended marketing periods or lower selling prices when selling a Boston condo. Proper home staging allows you to show off the property’s best features. It also allows you to turn weird and empty spaces into usable spaces. You can eliminate the chances of the buyer seeing many problems associated with the house, hence lowering the price or declining to purchase the property.
To quickly sell your property, you can try negotiating a cash offer on a home with companies that can take it as-is. However, the following staging tips may be appropriate for you:
Keeping a clean home shows the potential buyers that the property has been in good hands. Cleaning has to be done in all the house components, from floors to ceilings. The main aim of keeping a clean house is to make everything look brand new.
If there are no new kitchen appliances, it’d be best to ensure that the current ones are kept spotless. The bathroom should also be kept clean, from the tubs to the sink drain and hidden spots behind the toilet.
Clutter can distract a buyer from the features of your property and can also make your property seem to have less space. Therefore, it would be wise to box up the items you rarely need into storage.
Home staging would be the appropriate time to get rid of the clothes and toys your kids have outgrown. The more unused space you have, the bigger your property seems to be.
Buyers should have the opportunity to envision themselves as property owners. Therefore, removing all the keepsakes, refrigerator art, and family photos is essential when showing your home to buyers. It’s also good to ensure that clothes are hidden away, and the bathroom counters are kept empty.
Also, toys and other highly personal materials should be kept away, allowing the buyer to visualize how the property can be after owning it.
It’s also crucial to ensure that all the rooms and spaces have defined purposes. It helps the buyers see how to make the most of the property’s square footage. You can transform a finished attic into an office, a finished basement into an entertainment room, and a junk room into a guest bedroom.
The buyer might not be interested in using the room for similar purposes but has to see that every inch of the property is a usable space. This includes window seats, alcoves, breakfast nooks, corners, and other significant areas.
It’s unlikely for a buyer to like your paint color or wallpaper. Therefore, it would be clever to tear down the wallpaper and apply neutral-colored paint to your walls. Applying paint over the wallpaper wouldn’t be a good idea since it would look shabby and might signal the buyer about the work to be done later on.
No one would want to live in a property with stained carpets, especially if the damage was done by someone else. Therefore, it would be brilliant to have hardwood flooring that’s easy to maintain, durable, and easily carpeted over by the buyer and still serve the next owner.
The focus points in adding hardwood floors should be your living room, kitchen, and dining room. The bathrooms should also be upgraded since they cover a small floor area, hence won’t cost much.
Lighting is a crucial home staging f factor that you need to consider selling your property quickly. When showing your home, it’s vital to take advantage of the natural light by opening all curtains and blinds—switching on all the lights and adding fixtures where necessary can make your home brighter and more welcoming. If your existing fixtures are working properly, it’s crucial to dust them and wipe off any grime to make them shine.
Cracks in the ceilings or walls are red flags to potential buyers since they might indicate foundation problems. Therefore, it’d be wise to fix any issues associated with your home’s foundation. However, if an inspector deems your foundation as having no problems, repairing the cracks would ensure your potential buyers aren’t scared off.
The first impression always matters. Therefore, curb appeal can impact how interested a buyer can be in viewing inside your property. Your lawn, trees, hedges, and other plants should be neatly pruned.
The sidewalk leading to the house should also be kept clean. You can purchase new doormats for your front and back doors. Adding furniture to your backyard can be another clever way of making the most of your exterior space.
Boston downtown condos and the bottom line
A quick home sale can be hectic and stressful. Selling a home as-is to a cash buyer can be easier to sell it quickly. However, staging the property can enhance its appeal, making it more costly. The tips above can take you through some staging ideas to increase your home’s worth for a quicker sale.
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62% of downtown Boston sellers’ brokers say that staging Midtown condo decreases the amount of time a home spends on the market, according to the National Association of Realtors® Profile of Home Staging, www.nar.realtor/reports/profile-of-home-staging.
In the article it states:
“Realtors® know how important it is for buyers to be able to picture themselves living in a home and, according to NAR’s most recent report, staging a home makes that process much easier for potential buyers,” said NAR President William E. Brown, a Realtor® from Alamo, California and founder of Investment Properties. “While all real estate is local, and many factors play into what a home is worth and how much buyers are will to pay for it, staging can be the extra step sellers take to help sell their home more quickly and for a higher dollar value.”
How does staging impact day’s-on-market for a Midtown condo?
According to the report, nearly 2/3rd’s of sellers’ agents said that staging a condominium decreases the amount of time the home spends on the market, with 39% saying that it greatly decreases the time and 23% saying it slightly decreases the time. Sixteen percent of sellers’ agents believe that staging either greatly or slightly increases a home’s time on the market, while 8% believe that it has no impact.
What do Boston real estate buyer’s agent say?
77% of buyers’ agents said that staging a home makes it easier for buyers to visualize the property as their future Beacon Hill home, and 40% are more willing to walk through a staged home they first saw online. However, 38% of buyers’ agents said that staging positively affects a home’s value if the home is decorated to the buyer’s taste, meaning that a home’s staging should be designed to appeal to the largest number of potential buyers.
49% of buyers’ agents said that staging has an effect on most buyers. Another 48% stated that staging has an effect on some buyers’ opinion of a home, but not always, and only 4% said that it has no impact on buyers.
Does it increase the value of your Boston condo?
The highest share of buyers’ agents, 31%, reported that staging a home increases its dollar value by 1 to 5%. In addition, 13% said that staging increases the dollar value 6 to 10%, while 25% stated it has no impact on dollar value. Only 1%of buyers’ agents felt that staging has a negative impact on a home’s dollar value.
Sellers’ agents report even more value is added from staging: 29% reported an increase of 1 to 5% in dollar value offered by buyers, 21% reporting an increase of 8 to 10%, and 5% reported an increase of 11 to 15%. No sellers’ agents reported a negative impact.
Bottom Line for Boston Real Estate Sellers’
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.
