Studies and experts alike agree that staging is worth it, no matter what the market looks like.
While it’s true that in a seller’s market homes go quickly no matter what, however, if you want to get top dollar for your home, staging is worth the minor investment.
If you want your home to stand out and receive the most and highest offers possible, you want buyers to fall in love with the home.
How does staging capture buyers’ hearts for a successful, top-dollar sale? Read on…
Staging is all about presenting the house as a warm, move-in ready home that ideally home buyers can visualize themselves in.
Updating décor with popular, on-trend style, especially in living rooms, main bedrooms, kitchens, and dining rooms, will make a positive impression. If buyers can start to see what it would look like to live in that home, they are likely to be more committed and willing to place a high offer. If they can see themselves in the home, they are also less likely to change their minds at the last minute or ask for concessions.
82% of buyers’ agents said staging helped their clients visualize the property as their home, according to the National Association of REALTORS® 2021 Profile of Home Staging. Staging is worth it.
Staging can minimize the negatives and accentuate the positives of a property making the best impression possible.
These simple updates will help buyers see the home’s unique features and increase the perceived value.
t’s no surprise that a cold, empty property will not get the same attention as one filled with stylish, warm furnishings and accessories. Not only does it instantly create a more inviting room but buyers can get an idea of what kind of furniture would fit in the space.
You may only have one chance to catch the eye of those homebuyers scrolling through hundreds of home pictures. Nearly all—99%—of millennial home buyers start their search online, according to NAR’s data. Even in a hot market, staging a property to look amazing in photos will draw more buyers to see the home in person and even submit an offer.
Staging is an investment which helps maximize the rate of return on the sale of the property. Cost to stage a vacant home can vary, typically less than or around $5000 and usually less than the first price reduction! With an average investment of 1% of the sale price into staging, about 75% of sellers saw an ROI of 5% to 15% over asking price, according to data from the Real Estate Staging Association (RESA).
A recent survey from the International Association of Home Staging Professionals shows that staging helps sell homes three to 30x faster than the non-staged competition. Further, staging can help increase the sale price by up to 20% on average.
For those who decide not to stage, the same survey showed that the average price reduction on a home was 5 to 20 times more than what it would have cost to stage the home, not to mention the higher selling price they probably would have received as well.
So as you can see there is a strong argument that staging is worth the investment (which in perspective is a small one at that).
Many of Denver’s exclusive and luxurious neighborhoods are gated communities. For many who are looking for a luxury home, price alone is not enough. The neighborhood, its surroundings and privacy are usually key factors in considering whether or not a home has elite status.
Gated communities come in a few different varieties. Many are automated, requiring a key card or transmitter for residents to enter. Visitors typically have a separate entry gate fitted with a kiosk that has a directory and pad for code entry. Most of these are also fitted with cameras for added security.
Some luxury neighborhoods have gate attendants that monitor the entrance and often take the name and driver’s license number of visitors for documentation before manually controlling the gate.
A few luxury communities in Denver and the surrounding areas are not physically surrounded by walls and a gate but are protected and guarded by 24 hour security personnel that are often stationed at entrances and throughout the neighborhood. Cherry Hills Farms and Cherry Hill Village are two prominent luxury neighborhoods with this type of security.
Cherry Hills Village
Castle Pines North
People who have been waiting to sell their house, mostly due to the uncertainty that COVID-19 caused in the economy and our personal lives, are getting ready to put their homes up for sale.
Predictions for home sales in 2022 vary but all agree that they are going to increase as people become more comfortable.
Which means that SOON there will be more homes on the market and thus more competition if you want to sell your home.
Currently, if you own a home, you will likely have several offers from homebuyers struggling to find a home. Multiple offers, bidding wars and going over list price is still a thing.
In the U.S., practically every industry is struggling with supply chain distributions. The housing market is as well.
Right now we are experiencing a lull (hopefully a long lull) of COVID-19 cases and more people are feeling comfortable looking at homes and moving. Other factors that are causing more people to search for homes include:
It is a common trend that more houses come on the market in the late Spring and early Summer as schools wind down and families have more time to prepare for a move. More houses on the market is great news for buyers but as a seller, that means more competition.
So when is the best time to put your house on the market? Now. Why?
So, if you don’t have to wait until Summer or late Spring, now is the best time to sell your home.
Hate the thought of long drawn out showing periods, updating or fixing up your home to get ready for sale?
According to the latest Existing Home Sales Report from The National Association of Realtors (NAR),
If you are thinking of selling your home, you really shouldn’t wait. You as a seller are always on the better end of the deal when demand is high and supply is low. And that’s exactly what the market is like in most metropolitan areas of Colorado right now.
But again things do not stay the same for long.
Remember not only will more existing homes come on the market but more new construction homes will be completed as more time goes by, adding to your competition.
If you have a home to sell, give us a call, send a text or email.
We’d be happy to go over your options with you, see how much your home could sell for right now and get your house listed as soon as possible!
Okay, the scenery comment may be subjective, but you have to admit that even though Denver is not in the mountains, the view of the Rocky Mountain Range is pretty breathtaking. Especially when the snow capped mountains are basking in sunlight. However, it is a fact that Colorado gets more than 300 days of sunshine per year – it might be cold sometimes but it’s sunny! Something most of the Midwest and east coast can’t say. No miserable gray winters here, promise.
Did you know that, Katharine Lee Bates sat atop Pikes Peak (near Colorado Springs) and wrote “America the Beautiful,”? One of the most well-known patriotic songs of our time was inspired by the scenery of Colorado.
Denver, a.k.a. the Mile High City, with its blue skies and panoramic mountain views, is perhaps one of the most beautiful areas in the country. Don’t just take our word for it, countless authors and musicians have written and sang about its beauty across the ages.
Whether it be the scenery or the sunshine that draws people to the area, there’s no denying that Metro Denver is one of the fastest-growing cities in the nation, with almost 100,000 people moving there in the past seven years.
Now most will say that people in Denver and the surrounding areas are very active, and they are, but it’s also true that not everyone skis or hikes or bikes all the time. There are many natives and transplants alike that just enjoy being here even if it involves just sitting drinking and shooting the breeze with friends. Most people find Denver to be very laid back and non-judgemental… you do you.
If you like four seasons, nice reasonable summers, beautiful colors of autumn, snow in the winter, and beautiful cool springs, you can find all of that here in Colorado and the Denver Metro area.
Yes, it can get cold in the winter but the cold and snow are mixed with days of sunshine. Highs in the winter can get to 50s and 40s in the heart of winter so months of dreary, cold, gray days are unheard of here. Days of snow are followed by days of sunshine – all the time.
There’s a lot of history in Denver and if you’re into historic homes and architecture, Denver has plenty to offer.
Several neighborhoods in Denver are decorated with beautiful Victorian and Craftsman homes from the turn of the century along with 50s style ranches and more. Modern and contemporary homes fill the suburbs of Denver but secluded areas with horse property and mansions are hidden gems throughout the metro area.
Denver loves it’s sports teams! Did you know, Denver is the smallest city in the country with six major professional sports teams? That should tell you something about the way Coloradoans feel about our sports.
Colorado is basically a high desert at the foot of the Rocky Mountain Range. It is dry year-round not only because of its high elevation but because it lacks large bodies of water around it. Furthermore, when temperatures drop and the weather patterns change, the air gets even drier. It can be a game changer for some but many prefer the drier climate and most people easily get used to it.
Some benefits of a dry climate include:
Denver got its nickname The Mile High City because its official elevation is that of 5,280 feet (one mile high) above sea level. Those who live at lower elevations are often not aware of the effects of altitude on health and physical abilities. While the body can easily adapt to high altitude living, it can take awhile and require patience as your body gets used to living with a little less oxygen.
There are benefits to high altitude living though!
The Denver Metro area is one of the fastest-growing cities in the country. According to the U.S. Census bureau it grew approximately 20% between 2010 and 2020. Now, with a population of over 3 million, the metro is scrambling somewhat to develop the infrastructure, transit, and housing needed to keep pace with the demand. Housing prices may be high depending on where you’re coming from and traffic can be a bit frustrating depending on the time of day and where you’re trying to get to – not much different than other big cities.
Public transportation is not as robust as other big cities but it’s growing too and can be great to get to downtown from some of the suburbs, get to the airport from downtown and commute from main areas of the Denver metro area.
If you love craft breweries, Denver and the front range (what we call the cities on the east side of the Rocky Mountains. i.e. Ft. Collins down to Colorado Springs, etc…) is the place for you.
In fact, Colorado has been coined as the Napa Valley of Beer. As of 2021, the Denver area is home to the second most microbreweries next to San diego.
Tip for those coming from sea-level: Before you acclimate (can take a year or two) remember to drink extra water when you drink alcohol. Otherwise, you’ll likely feel buzzed a lot sooner than you would in cities closer to sea level. Alcohol can have more of an effect due to thin air.
According to the Editor of Rocky Mountain Food Report, Dionne Roberts, “Denver’s craft culinary and beverage scene continues to show rapid growth with the influx of diverse and gifted chefs, brewers and distillers. More people want to be a part of the mountain culture and that adds depth to the growing number of options and cultivates a higher sense of quality in the cuisine.”
Denver has several public school districts that have been nationally recognized for educational excellence including Cherry Creek School District, Boulder Valley School District and Littleton Public Schools.
Prestigious private schools are numerous as well. Some popular ones include Regis and Valor High Schools.
Respected higher learning institutions are also plentiful, including Denver University, The University of Colorado (main campus in Boulder but there are campus in Denver as well), Regis University, and Colorado School of Mines in Golden just 15 miles west of Denver, among others.
Denver has a lot to offer and is a popular place to move to for many reasons. There are a few things that can take some getting used to and we hope this article helps you prepare for those.
Our team has lived or at least spent significant amounts of time in pretty much every region of the United States and even abroad so we can speak to how Denver matches up with other places and give you a good idea of what to expect if you’re considering a move to Colorado.
We’d be happy to talk more about what you’re looking for and how we can help.