Home Staging Catching On In Singapore As It Helps Clinch Property Sales
With home staging catching on in Singapore as it helps clinch property sales, landlords have started investing more in this practice.
Staging is a process that involves redecorating, rearranging furniture and other aesthetic strategies to help sell a house faster and for top dollar. Ultimately, it helps buyers visualize themselves living in the house.
How it works
Staging may seem counterintuitive at first but it can pay off big in the long run. On average, staged homes sell 88% faster and for 20% more than non-staged ones.
Georgina Wong, CEO of Asian Professional Organisers and a certified real estate agent, believes it is due to two reasons. Firstly, many local sellers work with several agents instead of signing an exclusive contract with one.
Secondly, home staging doesn’t cost as much as you might think and can actually help clinch property sales. By enhancing your property’s appeal, it can help buyers see themselves living in the space and grasp its investment potential.
To start, stage your home based on the type of buyer you are targeting. For example, a suburban family will be looking for a home that is comfortable and convenient, while a high-net worth individual will want to live in a space that is stylish yet balanced.
Home staging catches on in Singapore as it helps clinch property sales. In fact, according to Georgina, a three-room HDB flat in Toa Payoh that was on the market for three months was finally sold after it was staged for a hefty Cash Over Valuation (COV).
However, there are a few things you should know before hiring a home stager. One of them is that they will charge you a fee for their services.
This fee normally ranges from 0.3% to 0.5% of the asking price. This includes the cost of monthly furniture rental, as well as the professional staging service.
The benefits that you can expect from home staging include a faster sale, more interest, and higher prices. In addition, it also increases the perceived value of your property.
Choosing a stager
The process of choosing a stager can be confusing. It’s important to find a professional that fits your needs and budget.
Home staging professionals are trained to use furniture and decor to make a house appealing to buyers. Staging is a great way to help your home sell faster and for a higher price.
A home stager will help your house look its best by making it inviting, clean and spacious. They may also suggest changes to improve its overall appearance, such as adding a new coat of paint or rearranging furniture to make it more cosy.
Home staging is a growing trend in Singapore, as it helps clinch property sales. The key is to find a home stager who has experience in the local market and can provide outstanding results.
In a slow real estate market, homeowners often have to go above and beyond in order to sell their homes. They might spend time decluttering their homes, updating furnishings and painting or landscaping a home in order to make it more appealing to buyers.
If you’re looking for a way to increase the value of your home and decrease the amount of time it takes to sell it, consider staging. According to a survey, 23% of home stagers reported that their staged homes received increased offers on average.
Home staging in Singapore can be a cost-effective way to increase the value of your home and get it sold faster. You can hire a professional Singapore furniture staging company to handle the process for you or do it yourself by making small changes to your home’s appearance. It could even be as simple as adding a new coat of paint to a room. The result is a home that’s easier for potential buyers to imagine themselves in and a higher sales price.