Selling Your Vanilla Box

We all know that the real estate market is in a major slump. Nothing seems to make that grim point more real then when one takes a short drive through any neighborhood. For it is there we see, dotting the front yards of so many homes, a multitude of For Sale signs. But while looking at a sign in a front yard makes a tangible point of reference for what is happening with the sales of single family homes, what is taking place with regard to the condo market is sometimes harder to see. Because often there is no sign, it is easy to overlook the fact that there are many many condominiums for sale too.

In some ways selling a condo is harder then selling a single family home. First, it is not uncommon, especially in larger developments, for one condo in a building to be selling against another condo configured with the exact same floor plan, features and finishes. And, except for slight differences in the exterior façades, it is also not unusual to find one building full of condos to be pretty much the same as another building full of condos in the same neighborhood.

Sellers need to understand that with so many condos to choose from, they all start looking the same to the buyer.  In the buyer’s eye, without much distinguishing one from another, they become just another Vanilla Box.

While there are many configurations of the Vanilla Box, the typical Vanilla Box of today has the door in the rear, sliding patio doors to a balcony in the front, and a kitchen in the middle with stainless steel appliances, granite counter tops and an island that separates the kitchen space from the open dining/living room area. All are pretty much the same…floor to floor, building to building, neighborhood to neighborhood.

With so many condos being relatively the same, the chance for a sale is quite competitive. Plus, if you are a home seller that is currently living in a Vanilla Box, in a neighborhood that offers similarly priced NEWLY constructed Vanilla Boxes… keep in mind that a shiny new Box is much more appealing to a buyer, than a scuffed, scratched, and worn used Box.

Good news is that the hope for a sale of your Vanilla Box is not a lost cause… for either the independent owner trying to sell their unit, or for the builder trying to sell one or more units. Both, for different reasons, can benefit from hiring an EXPIRIENCED home stager.

Stagers will help individual seller trying to sell their unit in a number of ways. First, they will point out the problem areas that make a used home look used, and then offer low cost ideas and solutions that make the condo feel new. Next, while it is a fact that a furnished property is easier to sell then vacant; sellers need to understand that due to size constraints of the home (typically condos are more compact) furnishings in the condo needs to be set in a way that  they actually help the condo show and flow for touring… and a stager can help here too. Good staging is a balance between adding the right amount of visual appeal, without having the interior décor distract the seller’s eye from the property they are considering buying.

For the builder, a Stager can also be of great service. Who hasn’t been a bit surprised to experience a builder’s empty vanilla white unit after touring their lush and lovely model? For this reason large builders have for years had model properties for buyers to first tour. Today, the opportunity and benefit of having a model unit need not be a selling advantage reserved only for the larger builder. Smaller builders can hire a Stager who can provide low cost, yet beautifully designed staged-model solutions. PLUS, if the builder is selling multiple units in one building, should the staged unit sell, the staged model can be moved from one unit and re-set in the next. The added flexibility of a “rolling” model offers yet more flavor and appeal to the Vanilla Box.

So yes, without a doubt this is a tough market, especially for condo owners. But properties are selling. Fortunately, builders and owners of Vanilla Boxes can change the flavor of their offering from FOR SALE to SOLD… with the help of a Home Stager.

Flavor It Forward...

Me

The A-B-C’s and 1-2-3’s of Home Staging

I often now receive inquires about home staging, from home sellers all over the country, that typically start by asking a question such as, “Can you give me a little information on how staging works and what staging a home costs?” Since so many start their inquiry with the same question, I thought it would be helpful to answer with what I call the “A-B-C’s of Home Staging.”

A is for ABOUT home staging in general. Actually, if you are going to stage your property you need to know that it is ABOUT a 2 step process. The first step is the “prepping of the property. Prepping the house basically attends to the conditional issues that need to be repaired, cleaned and/or updated. The second step is ABOUT the “pretty visual” that people think of when they think of home staging. This step has to do with the physical setting/arranging of the furnishings and/or accessories within a house. The combined goal of the 2 steps is to create a house that shows it best and ultimately will draw the interest of the widest buying demographic possible.

B is for BASIC types of staging services. While there are 6 Basic types of staging services, it is important to note that all stagers offer all six. The services a stager offers the better it is for you. Since you actually won’t know what you will need until the stager visits for the first time, a stager that provides more service types is better equipped to guide you based on your needs and not cut short the impact of staging because of their own limitations.

The 6 BASIC staging service types are:

1. Consult Staging: This type of staging solely taps into a Stager’s knowledge. First focusing on the condition of a home, a Stager visits a property to meticulously instruct on all that must be done to best prep and then set the property for market.



2. Re-Arrange Staging: This type of services relies on both the Stager’s knowledge and their physical labor. Once a home’s conditional needs are met, a Stager arranges the property by physically setting it using only the seller's existing furniture and decorative accessories.



3. Enhance Staging: Again, once conditional issues are addressed, the Stager will then set the interior space. But not only are the existing furniture and accessories used, but the Stager will bring and blend in decorative accessories and/or furniture from their inventory. These “props” are loaned or rented to the seller while the home is for sale.



4. Reseller Vacant Staging: When a "preowned" house is vacant, there is not much else to look at, conditional issues and concerns are amplified and ultimately fixated on by buyers. So while it is important that conditional needs be addressed, a Stager is hired to then maximize the home’s visual appeal by fully setting it with the appropriate furnishings and accessorizes.



5. Rehab Vacant Staging: When conditional issues throughout a older property are repaired and updated to today's trends, a Stager is hired to then maximize the home’s visual appeal by fully setting it with the appropriate furnishings and accessorizes.



6. Model Vacant Staging: While conditional in new construction is not an issue, “life-styling” is. Models typically rely more on projecting a “life-styled” visual appeal then a preowned vacant. A good Stager understands and designs within a specific life-style marketing concept when furnishing, accessorizing and setting a vacant spec / model property.

C is for COST to hire a home stager. What hiring costs actually are depends on how much Talent (knowledge), Time (physical labor) and Treasure (props) a stager provides. If a seller has a limited amount to spend, then the best value a stager can provide is the Consult. For as little as $100 (in some markets) a Stager can be hired to scrutinize a property and provide professional staging advice and guidance. From there it is realistic to expect to pay anywhere from $35 to $75 per hour for a stager’s services. As for props, the fees for renting these items will vary based on just what is being rented and the length of time the items are being rented for.

Sellers are not only realizing the cost of staging will pay off, but actually ARE benefiting from making the investment. Let’s face it; if “time is money” then reduced market time is a great return on investment. So regardless of staging solution proposed, a good stager will do all they can to maximize the return on a seller’s staging budget so that the house sells… 1-2-3.

So there you have it, today’s blog lesson on the A-B-C’s and 1-2-3’s of home staging.


Staging It Forward...
Me

BUILDERS... FINISH PAINTING THE PICTURE TO SELL YOUR MASTERPIECES

When the real estate market was hot, the practice of tearing down small outdated houses to build modern new homes was a popular practice taking place all over the USA. In some communities the resulting homes, that grew on the land where a small and ordinary once sat, were grand masterpiece properties. Builders learned that if they bought small tear-downs and built large luxury homes they could make more on the deal. But like anything else, once the good idea got out… it didn’t take long for other builders to follow. So to remain competitive, even when the market was good, builders added more luxury features, finishes and amenities to these new grand properties.

But remember what I said about a good idea? It didn’t take long for competing builders to add similar features and elements to the homes they built nearby. The result was a rash of new upscale properties that were more alike then different… at least to the eye of the buyer. When the market was good, this wasn’t much of a problem, for even the grandest of homes were selling. But now the market has taken its down turn, and builders need to find new ways get a buyer interested in these luxury properties they are still trying to sell.

(Click HERE if the embedded video show does not appear above.)

So what can builders do to differentiate their homes from the other competing properties in the area? Well, they can start by watching the video show above. Then they can do basically what has been done by larger developers for years. Developers learned long ago that selling a home was not only about the quality of construction and the physical “brick and mortar”. Selling is also about how easily and deeply the vision of living in the home connected with the buyer. The model home painted a picture of what life could be like living in the new home.

For developers, who build multiple versions of the same home, it’s easy to justify the investment it takes to create a lush-n-lovely well appointed model life. But what about the small independent builder? How can they paint a similar picture that emotionally connects with their potential buyers? Well, until recently the independent builders had no options, they just waited for buyers with “vision” who could see and feel their lives lived in the home.

However, today real estate staging changes all that. Staging brings the benefits of model merchandising to the smaller independent builder at an extremely affordable rate. Model home staging, when done well and done right, enhances the beauty and grandeur the builder built into the home and adds just enough "life"so that a buyer can feel and emotionally connect (fall in love) with it on a deeper level.

Just another reason why and how home staging works…

Me

Seeing RED... Will Capture the Buyer's Eye

Stagers know that the time spent touring a home by a buyer is relatively short. An experienced home stager relies on techniques and practices that HELP maximize what a buyer sees and experiences in a property in the relatively short time they take to tour it. The strategic use of color AND prop placement is key to getting the most out of staging.

When it comes to color, what home stagers typically talk about is what the best paint and carpet colors to use when preparing your home for its sale. Which is sound advice, but.... it really is OLD NEWS. In fact I actually wrote my post on the subject last October entitled: If Switzerland was a Color what Color it would be?

But what about accent colors? What accent colors can effectively be used to give you an advantage when it comes to staging and selling a home?

I have to admit that red is one of our favorite staging colors for props that we use here at Real Estaging. In fact, it seems as though we never have enough red props in our prop library. We have come to learn that the color red sells homes and therefore we end up placing a lot of red props in the homes that we stage.

Please understand that while red is not used (typically) as the dominant room color when selling a home; the color red, when used strategically in props and accessories, in a staged/model home as "punctuated moments" can capture and then move the buyer's eye across and around a room so that they see all that the property is and has.

The above video was created specifically to make a visually compelling marketing point. To instantly understand the power and effectiveness of the color of red for home staging, watch the very short show we call "RED" (with speakers ON). As you watch the show, featuring actual homes we have staged, notice where and how your eye moves in and around each picture. THIS is the same thing that happens when a buyer tours a staged home that is "punctuated" with red accents.

I will be curious to know if "RED" captures your attention or not.

All in all... as experienced home stagers we have learned that the color red adds just the right snap of life, energy, warmth and excitement to even the most mundane spaces and therefore is a great color to use for home selling and home staging.


Stage It forward...
Me

If you can not see the show above CLICK HERE to find a link that will allow you to share the short "RED" show.