Are you tempted by virtual staging? Here is a quick list of Pros and Cons:
Are you tempted by virtual staging? Here is a quick list of Pros and Cons:
Are you tempted by virtual staging? Here is a quick list of Pros and Cons:
Real Estate Staging with warm and inviting textiles, luxury kitchen and bathroom vignettes, candles and more will separate the mundane from the majestic. “Fear of Missing Out” buyers still shopping for just the right home. To amp up the emotional connection between buyer and home and really create the appetite for a Colorado Winter Home, consider staging with a few stylish winter decorations, a nod to some wild animals and vintage or rustic one-of-a-kind décor.
Front Range Stage does not use stock photos in emails, web sites or social media marketing…we uniquely design and stage each home with items curated over the last 15 years. We hope to hear from you soon and wish you and your families a wonderful holiday season!
The short term and long term rental market is booming in Colorado Springs!
If you are considering hosting guests, there are a ton of design decisions to make when furnishing multiple rooms for maximum profit. Front Range Stage has staged many of these and knows where to shop at a discount and how to set up your rental so the photos are amazing and you benefit from sleeping the most guests and having functional spaces that can withstand a high turnover rate. Call us today to see if we can transform your rental property or create a new one for you to take advantage of this income opportunity for as little as $15K.
Creating a getaway that others can use as a vacation destination takes a lot of work, but anyone who has transformed their home into an AirBnB or VRBO rental can tell you how beneficial it can be. Besides earning extra income, you’ll have the chance to create something of your own that could potentially allow you to pad your nest egg or even retire early. Front Range Stage has the expertise to help you keep what’s important in the forefront of your mind when transitioning a space to a valuable rental opportunity. It will take some capital to make the necessary changes and ensure it’s filled with all the things your renters need, and you’ll want to think about upkeep and security as well, especially if you don’t live near the home year-round.
You should also think about what renters in the area will be looking for. Making some small updates to spaces like the kitchen or bathroom can go a long way toward helping you find renters who are willing to pay high-dollar for their stay, as can adding things like more sleeping space. Once you know what changes need to be made, figuring out a budget and a timeline comes next. Read on for some great tips if you’re wanting to transform your second home into a vacation getaway. Give us a call if you want to take advantage of our checklist that has over 100 items every vacation rental needs.
Basements have tons of potential when it comes to rentals; you can turn the basement of your home into an AirBnb or VRBO, or spruce up the lower level of your vacation rental to include more sleeping areas or even a game room. If you have an unfinished basement, consider hiring contractors to turn it into something any guest would love. When budgeting, just keep in mind that the cost for a basement remodel in Colorado Springs runs between $12,238 and $27,417. If you’re going this route, it stands to provide a significant bump in what you can charge guests.
When it comes to renting a vacation home, most people are looking for something that will allow them to feel relaxed and comfortable during their stay. One of the easiest ways to achieve those things is to keep the home clean and neat. The difference between a rental that is dusty and unkempt and one that is spotless and organized is huge when it comes to the amount of happy visitors you’ll get, and a happy visitor is one who will leave good reviews online and recommend your house to others. If regular upkeep is difficult for you to maintain, think about hiring a professional cleaning service to come in between guests to keep your rental sparkling.
Turning your home into a successful vacation rental can be costly, but it doesn’t have to be. If the house already has good bones, there are some upgrades you can make that visitors will gladly pay a little more for, such as more bedding for families, a patio area for relaxing, flat-screen televisions in the bedrooms, a hot tub, and keyless entry for added security. Do a little research to find out what the most desirable upgrades are for the average rental home in your area; this will give you a good idea of what will go over well with your guests.
It can be difficult to think about all the little details when you’re converting a home into a rental, but think of it as starting from scratch. When you bought your home, you likely needed flatware, dishes, bath towels, and comfortable furniture, and renters will expect all those things too. To ensure you check every box, consider hiring a professional home stager who knows which renovations, upgrades, and decor are desirable in your local area and can get you the discounts you’ll need. It’s these details that will make a big impact on your guests because they will create a homier environment that will allow them to relax and have fun.
Creating a getaway out of your home can be a lot of work, and it requires some careful thought and, often, help from a professional or two. Take the time to plan ahead and make the most of the resources you already have; do some research to make sure you have all legalities covered so there won’t be any nasty surprises down the road. With some planning, you can turn your home into a beautiful getaway in no time.
Additional information provided by Front Range Stage. Guest Author: Erin Reynolds of diymama.net
It’s that “not so wonderful time of year” for many of you who owe taxes. Don’t forget to ask your CPA about all expenses related to marketing homes for sell. I’m happy to provide my W-2 for those who paid $600 and above for these services…..just shoot me an email!
Home staging is the real-estate version of what clothing stores do with clothes they want to sell. They put them on a life-sized mannequin and apply makeup to make the dummy look as real as possible.
It is a far better way to draw attraction to the piece than stacking it on a shelf, along with other clothes.
When real estate agents talk about staging your home, they’re referring to a method of decorating your home that is designed to showcase its best assets, impress buyers, and sell it quickly for the highest possible price.
Home-staging is done after a house has been cleaned, de-cluttered, and painted. The goal is to make it look lived-in, as well as, appear brighter and more spacious.
What are the tangible benefits of staging a home?
When marketing your home, you should not just offer a house. People don’t buy houses, they buy a chance to fulfill their dreams and improve their lives.
Although people think they make decisions rationally, decisions often start emotionally. Staging a home creates a more emotional viewing experience.
Being inside a property is different from seeing it on the internet; there will be things a person who sees it on a screen cannot feel.
Staging helps to close this distance. Also, it creates “curb appeal”; that impression people get the first time they step out of a car and look at your property.
Realtors agree that staging a home helps it sell faster. A property that is for sale does not stop costing its owner money. Mortgage payments are still being made and inconvenient showings take a toll on sellers time while the home is on the market.
Staging makes it possible to sell a home in days rather than weeks.
On average, staged homes sell for a higher price than unstaged homes. Buyers offer more money for a house that is staged because they instinctively place more value on the property. Even in a hot seller market, the “perceived” value of a home that is staged is going to be higher…which helps both sellers and buyers realize and accept a higher price paid.
The difference in sales price between staged and un-staged homes can be as high as 10%.
By staging your home, you will be marketing to your strengths and not your weaknesses. Leaving the house bare allows prospective buyers to spot reasons why NOT to buy or to pay far lower than you ask.
By staging the house, you direct their attention to the best features of the property.
Staging makes a home look bright and spacious. Minimal furniture gives the impression of roominess, which is good for selling your property.
It is far different from the cramped feeling people get if a room is cluttered with over-sized seats or devoid of furniture and décor.
Reducing the amount a buyer needs to spend to make a home move-in ready increases the likelihood that they will buy the property.
This is one of the reasons for staging your home; to help buyers see that a house does not need expensive repairs and replacements.
When staring at bare spaces, buyers can find it hard to visualize themselves living inside a house. Staging gives them an idea of how to place furniture and art to actually live there in style. When buyers start to look for a good place for their favorite house-plant, they are almost sold.
Staging is the way to show all that is good about a property you want to sell, which is the goal of your marketing efforts. A well-staged property will elicit quick and often above list price offers from buyers who have a “Fear of Missing Out”. Those buyers won’t let someone else snag their perfect home; more perfect due to the stylish ways it was staged.
We are frequently asked what the difference is between staging and design. If you visited the Colorado Springs Parade of Homes 2020, you would have noticed the difference. For example, some of the $Million Plus homes had designers who worked directly with the home owners for months on all the finishes, colors, décor, etc. throughout the building process to make up the overall design and feel of the home. The furnishings were individually purchased for that home owner so there is continuity and elegance throughout the home.
Professional staging by Front Range Stage utilized available furniture and décor rented just for the duration of the Parade of Homes and without input from the home owners or builder. The stager had the discretion to stage in a way that appeals to most buyers using the freshest inventory but without the budget to buy décor specifically for the home being staged. Regardless, Front Range Stage took home our 4th Peoples’ Choice Award for assisting Custom Design Builders “Thurston” home located at 2065 Mahaffie Ct. This stylish home was staged at a fraction of the cost of designing a home for the Parade.
It is fairly uncommon to find a property being sold vacant. As a rule, vacant properties are harder to sell than occupied or staged properties. It has nothing to do with the price or quality of the property. It’s how prospective buyers view a vacant home and today’s expectation that Real Estate agents properly prepare and market homes for sale. Here are a few reasons why vacant homes are harder to sell.
It is hard for buyers to correctly guess the proportions of a room when bare. This is because pieces of furniture in a room give us a frame of reference for measuring the room. Buyers will assume that a vacant room is smaller than one with furniture. This is true even when the vacant room is larger.
Décor and furniture deflect buyer’s attention away from any flaws a room might have. In an empty room, there is nothing for a buyer to focus on in terms of functionality. Their scrutiny is more thorough and they are likely to fixate on minor issues.
When surveying an empty house, it’s hard to imagine what the room would look like furnished. There is nothing about the room to spark imagination/evoke emotions. As a result, buyers experience the property as a house and not a home. Since emotions are a big part of how people make buying decisions, this results in buyer indecision and wasted time.
Selling an empty property forces the owner to build their marketing strategy on the location and price of the house. By staging the house, the seller introduces emotional elements that can be used to promote it. The value of each space, once staged, is highlighted so the buyer is forced to evaluate all the spaces that appeal to them instead of just the overall price of the home.
At any given time, there are hundreds of properties on the market that are similar in size, design, and price. When confronted with a choice between two comparable houses, buyers will go with the one that has the greater emotional appeal. A vacant house puts itself at a disadvantage in this regard. Even if it has better features, there is no way to make them shine.
The latest staging statistics of 4,505 vacant homes showed an 18% increase over list price once professionally staged. Rather than tell buyers about a property, staging allows you to show potential buyers the best aspects of a property. The evidence of the home’s potential is right before the buyer’s eyes giving them hope for the future.
Successful Realtors partner with professional stagers to prepare and market homes that:
Staging helps you show buyers that the property matches what they envisioned for their dream home. Without staging, the house is nothing more than a structure of wood, cement, and plaster. Staging provides the house it’s identity and personality.
Regardless of how tiny or awkward the rooms in a house are, staging shows value in each space. The spaciousness of a room is more about how furniture, décor, and paint are utilized, rather than actual dimensions.
The first place most buyers will encounter a house is on the internet. Staged homes are not only visually appealing; they are specifically designed for the internet. These pictures are highly sharable, which means that a lot more people are going to see the listing and prioritize the listing to visit…which results in faster offers tied to your marketing!
The final sales price of a property is determined by the value buyers place on it and not what the owner asks for it. Staging a home increases its perceived value because buyers are already emotionally attached to the property and therefore willing to pay more for it.
The “Fear of Missing Out” phenomenon is real. Staged properties bring immediate and substantial offers from buyers not wanting to miss out on their dream home! FOMO buyers tend to not negotiate down on price…it’s gratification for them to experience a stylish home that warrants the price. It’s a win-win for the seller to also profit off a great sale and for the Realtor who gains a larger commission and a quick sale!
The better your homes are presented and marketed as a whole, the better your personal brand will be. You’ll get more referrals from sellers who appreciate you taking pride in their largest asset as well as preferential viewings from other agents who look forward to your listings consistently marketed as beautiful, move-in-ready homes.
As the impact of COVID-19 on our community continues, our hearts go out to those affected. We are navigating through uncertain waters as we continue to help Realtors working with families in immediate need of homes and our clients in financial need of selling their homes quickly through staging. I felt it important to share changes we are making to meet the needs of our home sellers and our Realtor Partners while protecting them and our awesome team of stagers during this pandemic.
Effective immediately, we will not be staging occupied homes or providing anything from our inventory of furniture and décor for a home that is occupied. Once homes have been vacant for three days, we are happy to stage them with our “clean” inventory provided there is no Stop Movement restriction. We have been social distancing so ask that no one else be in the home (to include other trades) during those three days. We have always limited what we provide in occupied homes and continue to have our teams clean and disinfect inventory. Additionally, we have quarantined recently returned inventory for a minimum of three days to ensure all inventory is clean at all times. We disinfect door knobs, light switches and surfaces commonly touched in the home upon leaving. We are monitoring the health and well-being of our team making sure anyone who feels remotely sick…stays home!
We have been asked if homes are still selling and the answer is YES. The Federal Reserve just dropped their interest rate to near zero to keep the money moving for people buying homes. There are a hundred or so new listings this week and there were hundreds of closings last week in El Paso county. People are buying homes even if they have to virtually view them. Stylish finishes/furnishings AND clearly depicted/ functional rooms are essential as we struggle to emotionally connect buyers to their dream home on-line during these difficult times. Uploading photos of beautifully staged homes is more important than ever!
For your added protection, Front Range Stage is now offering virtual consultations for occupied homes that need a little polish to be viewed as move-in-ready on-line. Through a combination of photos clients take and real-time feedback using Facetime, Skype, Duo, or Zoom, all things are possible! Whether it’s moving furniture, recommending upgrades and/or repairs, or discussing the fine line between too little or too much depersonalization, we can provide detailed recommendations in priority order to gain the benefit of a home that appeals to the greatest number of buyers even though the front door is closed!
Your safety is our highest priority and we truly appreciate the trust that you place in our team and our company. We are committed to doing our part to slow the spread of COVID-19. We will continue to closely monitor new developments in the event we need to make any further changes and will communicate those to you.
Thank you for being a valued part of our strong and resilient community. We will get through this together. Please be safe and let us know how we can help!