By Karen Gram
SELLING| When this chaotic, “eclectically”
furnished one-bedroom Kitsilano condo was occupied by
a tenant, no one cared how it was decorated. Then it went
on the market. Suddenly, décor mattered. A lot.
If you want to sell in this market, sell fast and sell
high, you’ve got to look good. Call in the stagers.
“The chaotic styling went throughout,” recalls
Sandy Arthur, a former set designer turned home stager
who transformed the condo into a calm modern enclave that
everyone wanted to buy as is. “The furnishings were
all too large for the small space, it had only one chair
in the living room and it needed to be better defined
as a living room.”
Luckily the tenant was moving out and taking her furnishings
with her, leaving Arthur with a slightly dirty but otherwise
clean slate from which to work. But she would have done
much the same thing if the furnishings had been the owner’s.
She’d clear out, re-arrange, fix.
Home staging is the trend in real estate. It takes a home
or vacant space and temporarily furnishes it so that prospective
buyers can visualize what it could be. It takes the boiling
cinnamon or cookies in the oven trick to new heights.
And according to anecdotal evidence and one ad hoc study,
it seems to work like a charm, selling homes faster and
for much higher prices that they would have sold before.
Sometimes stagers just rearrange the furniture and
clear out the clutter and the personal effects, such
as family photos, collections and ethnic art.
But the other times a lot of work needs to be done,
says John Carter, of DEKORA, a West Vancouver-based
home-staging company. Maybe there’s dog odour
and hair, maybe there are really dramatic colours on
the walls, maybe the carpet is a disaster. Maybe the
design is all ‘80s peach tones and chrome. Maybe
it’s eclectic.
The problem with the way we decorate our homes, is that
we are so very personal about it. Prospective buyers
get distracted; they start to feel like they are intruding
into someone else’s space. What sellers want is
for the buyers to feel like they are walking into something
that is already theirs. They also want to minimize the
negatives and accentuate the positives.
The Kitsilano condo was fairly dark and small. Arthur
knew she needed to come up with a design that brightened
it up and demonstrated the best uses for the rooms,
without distracting the buyer.
First up was to freshen the paint and clean the carpets.
The walls already had a neutral tone, so she just gave
them another coat.
Then she carefully furnished the suite with pieces that
fit its scale. She knew that people like to see a living
room that can accommodate guests and good conversation.
So she provided seating for four people rather than
the one oversized seat facing a TV that the tenant had
there.
She yanked the TV and the large entertainment unit,
and used the space for chairs and a small chest. Arthur
almost always removes the art from the walls and replaces
it with choices that would appeal to most sensibilities.
In this case she used monochromatics. It matched the
black-and-white theme of
the furnishings.
And because people are said to make up their minds within
minutes of seeing a place, she always adds all the small
touches; the apples on the table, a new welcome mat
at the door, a few flower planters hung outside and
in a case of a house, power washing the walkway.
Home staging is different from having your home professionally
decorated in that it is temporary and doesn’t
have to appeal to the owners tastes. It is designed
to offend no one, while showing off best used ones.
DEKORA generally rents most of its furnishings to keeps
the costs down, but in this case, Arthur visited the
West Vancouver home of owner Anne Marie DeLuise and
selected a few pieces from there as well. As former
film set decorators, the DEKORA home stagers know how
to keep to a budget and where to find savings. It helps
keep costs down, says Carter.
Not that staging is cheap. It cost DeLuise $2000 and
because she was one of the first, she only paid for
the materials. Arthur threw in her fee as a way to get
started in the business.
Carter says the cost depends entirely on how much needs
to be done. It can range from $150 to rearrange a few
pieces of furniture and declutter to $10,000 to do major
repairs. It also depends on the size of the home.
“A lot of people don’t want to put out that
kind of money,” says DeLuise. “But I really
believe that small investment will pay for itself.”
In this case, after it was staged, the DeLuises decided
to increase the asking price by $10,000. The market
was hot and the place looked great. They ended up selling
it for $3,000 less than the asking price which was $7000
more than they had anticipated getting before they staged
it.
“It was well worth it,” she says.
A real estate agent in Los Altos, Calif., conducted
her own study to determine if staging really does improve
prices and selling times. She analyzed 2,772 properties
sold between March 1 and Sept. 30 1999, in eight Californian
cities. Of those, 129 properties, including condominiums,
townhouses and single family residences, had been staged.
They ranged in list price from $229,000 to $4.8 million.
For the group of 2,772 properties, the average number
of days on the market was 30.9, and the average difference
in sales price over list price was
1.6 percent.
For the sample of staged homes, the average number of
days on the market was 13.9 – less than half of
the time for houses in the general sample. The average
difference in the selling price over list price was
6.3 percent, nearly four times as much as for the other
group of homes. The agent reported that the staged sample
was not skewed by one or two outstanding properties.
All the homes in the ample were fairly similar in terms
of day son the market and net sales difference.
“Staging is great because it allows people to
visualize,” says Vancouver realtor Andrea Kavanagh.
It is tough for home owners to do it themselves because
it is hard to be objective about your own stuff. And
because home owners are busy enough getting their kids
to soccer and baseball, doing the shopping a living
their lives.
“now they don’t have to worry about it.
There are people who will do it for you.”
Indeed. The Deluise’s condo sold in less than
one week and everyone who saw it at the open house wanted
to buy it “as is”.
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