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2017 Profile of Home Staging National Association of REALTORS® Research Department

2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

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Page 1: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

2017 Profile of

Home Staging

National Association of REALTORS® Research Department

Page 2: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Executive Summary

2017 Profile of Home Staging

Buyers’ Agent Perspective:

Forty-nine percent of buyers’ agents cited that homes staging had an effect on most buyer’s view of the home.

Seventy-seven percent of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.

Staging the living room for buyers was found to be most important (55 percent), followed by staging the master bedroom (51 percent), and staging the kitchen (41 percent).

About one-third of buyer’s agents said that staging a home increased the dollar value offered between one and five percent compared to other similar homes on the market that are not staged.

Sellers’ Agent Perspective:

Thirty-eight percent of sellers’ agents said they stage all sellers’ homes prior to listing them for sale. Fourteen percent noted that they only stage homes that are difficult to sell.

The most common rooms that are staged include the living room (83 percent), kitchen (76 percent), master bedroom (69 percent), and the dining room (66 percent).

The costs of staging a home were typically paid by the seller before the home is listed (25 percent).

When staging a home, 29 percent of sellers’ agents reported an increase of one percent to five percent of the dollar value offered by buyers, in comparison to similar homes. Twenty-one percent of respondents stated that staging a home increased the dollar value of the home between six and 10 percent.

Thirty-nine percent of sellers’ agents stated that staging a home greatly decreases the amount of time the home is on the market.

The most common home improvement items agents recommended to sellers were decluttering the home (93 percent), entire home cleaning (89 percent), carpet cleaning (81 percent), and removing pets during showings (80 percent).

Page 3: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Home Staging Effect on

Buyer’s View of Home

0% 10% 20% 30% 40% 50%

Has no impact on buyers

Has an effect on some buyers, but not

always

Has an effect on most buyers

4%

48%

49%

Effect on Buyer’s View of Home

2017 Profile of Home Staging

• Forty-nine percent of buyers’ agents cited that homes staging had an

effect on most buyer’s view of the home.

• Only four percent of respondents said that home staging had not

effect on the buyer’s view of the home

Page 4: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Impacts of Buyer Viewing

a Staged Home

2017 Profile of Home Staging

0%

20%

40%

60%

80%

Easier to

visualize

property as

future home

More willing

to walk

through

home they

saw online

Will

positively

impact

home value

if home

decorated

to buyer's

taste

Overlook

other

property

faults

Will

negatively

impact

home value

if home

decorated

against

buyer's

taste

Are more

suspect of

home

features

77%

40% 38%

27%

9% 4%

Impact of Buyers Viewing a Staged Home

• Seventy-seven percent of buyers’ agents said staging a home made it

easier for a buyer to visualize the property as a future home.

• Buyers were more willing to walk through a home they saw online

(40 percent), and buyers’ agents identified that staging would

positively impact the home value if the home was decorated to a

buyer’s taste (38 percent).

Page 5: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Importance of Staged

Rooms

0% 20% 40% 60% 80% 100%

Guest bedroom

Children's bedroom

Bathroom

Dining room

Yard/outside space

Kitchen

Master bedroom

Living room

9%

12%

22%

29%

30%

41%

51%

55%

34%

37%

30%

42%

33%

27%

33%

31%

35%

33%

29%

21%

22%

20%

11%

10%

13%

11%

13%

4%

8%

8%

3%

3%

4%

4%

4%

2%

5%

3%

2%

1%

Importance of Rooms Staged for Buyers

Very important Somewhat important Neutral

Not very important Not at all important

2017 Profile of Home Staging

• Staging the living room for buyers was found to be most important

(55 percent), followed by staging the master bedroom (51 percent),

and staging the kitchen (41 percent).

• Buyers’ agents cited staging the guest bedroom as the least

important room, with just nine percent saying that it was very

important to stage.

Page 6: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Percentage Change in Dollar

Value When Home is Staged

2017 Profile of Home Staging

0%

5%

10%

15%

20%

25%

30%

35%

Staged

home had

a negative

impact

No impact

on dollar

value

Staged

home has

increase

of 1% to

5%

Staged

home has

increase

of 6% to

10%

Staged

home has

increase

of 11% to

15%

Staged

home has

increase

of 16% to

20%

Not sure

1%

25%

31%

13%

3% 2%

26%

Percent Change in Dollar Value Offer of Staged

Home

• About one-third of buyer’s agents said that staging a home increased

the dollar value offered between one and five percent compared to

other similar homes on the market that are not staged.

• Twenty-five percent of buyers’ agents indicated staging a home had

no impact on the dollar value that was offered.

Page 7: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Staging Homes Before

Listing for Sale

0% 20% 40%

Do not stage homes

Do not stage, but suggest seller declutter/fix

property faults

Stage only low price bracket homes

Stage only easy homes to sell

Stage only high price bracket homes

Stage only difficult homes to sell

Stage all homes

10%

37%

1%

1%

7%

14%

38%

Stage Sellers' Homes Before Listing

2017 Profile of Home Staging

• Thirty-eight percent of sellers’ agents said they stage all sellers’

homes prior to listing them for sale. Fourteen percent noted that

they only stage homes that are difficult to sell.

• Thirty-seven percent of sellers’ agents stated that they do not stage

homes before listing them for sale, but suggest that the seller

declutter or fix property faults.

Page 8: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Rooms Typically Staged

When Selling

2017 Profile of Home Staging

0%

20%

40%

60%

80%

100%

83%76%

69% 66%

53%

31%25% 21%

Rooms Staged When Selling

• The most common rooms that are staged include the living room

(83 percent), kitchen (76 percent), master bedroom (69 percent),

and the dining room (66 percent).

• The least common room to stage was a guest bedroom, at 21

percent.

Page 9: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Paying for Home Staging

2017 Profile of Home Staging

0% 10% 20% 30%

Other arrangement

REALTORS® firm pays for home staging

service

Seller pays after home is sold

REALTOR® hires a professional home

staging service

REALTOR® offers home staging service to

sellers

REALTOR® personally offers to stage home

Seller pays before listing home

27%

1%

4%

8%

14%

21%

25%

Who Pays for Home Staging

• The costs of staging a home were typically paid by the seller before

the home is listed (25 percent). Sellers’ agents commonly personally

offered to stage the home (21 percent), and offered a home staging

service to sellers (14 percent).

Page 10: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Percentage Change in Dollar

Value Sellers Receive

2017 Profile of Home Staging0% 5% 10% 15% 20% 25% 30%

Not sure

Staged home had a negative impact

No impact on dollar value

Staged home has increase of 16% to 20%

Staged home has increase of 11% to 15%

Staged home has increase of 6% to 10%

Staged home has increase of 1% to 5%

27%

0%

14%

3%

5%

21%

29%

Percent Change in Dollar Value Offered of Staged

Home

• When staging a home, 29 percent of sellers’ agents reported an

increase of one percent to five percent of the dollar value offered by

buyers, in comparison to similar homes. Twenty-one percent of

respondents stated that staging a home increased the dollar value of

the home between six and 10 percent.

• None of the respondents reported that staging a home had a

negative impact on the home’s dollar value.

Page 11: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Impact of Time on Market

2017 Profile of Home Staging

Greatly

increase, 8%

Slightly

increase, 8%

Does not

impact time on

market, 8%

Slightly

decrease, 23%

Greatly

decrease, 39%

Don't know,

14%

Time the Home is on the Market

• Thirty-nine percent of sellers’ agents stated that staging a home

greatly decreases the amount of time the home is on the market.

Twenty-three percent reported slight decreases in the time on the

market, while eight percent stated that staging a home did not affect

the time on the market.

• Only eight percent of respondents reported that staging a home

greatly increased the time a home was on the market.

Page 12: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

Home Improvement

2017 Profile of Home Staging

0% 20% 40% 60% 80% 100%

Other

Grouting

Professional photos

Paint touch ups

Painting walls

Landscape outdoor area

Depersonalize home

Minor repairs

Remove pets during showings

Carpet cleaning

Entire home cleaning

Declutter home

12%

42%

60%

62%

68%

68%

72%

75%

80%

81%

89%

93%

Home Improvement Items Recommended

• The most common home improvement items agents recommended

to sellers were decluttering the home (93 percent), entire home

cleaning (89 percent), carpet cleaning (81 percent), and removing

pets during showings (80 percent).

Page 13: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

NAR Survey Respondents

Respondents most often worked with buyers as clients, at 56 percent. Forty-one percent of respondents worked with sellers as clients.

Of the real estate agents surveyed, the median age was 54 years—51 percent falling into the age bracket between 50 to 64 years, 17 percent aged 65 years or over, and 11 percent between 45 to 49 years.

Seventy-one percent of respondents were female, and 72 percent were married.

The primary functions of survey respondents was a sales agent at 65 percent, followed by a associate broker at 15 percent.

Respondents have typically been active as a real estate professional for a median of 11 years.

Nearly six in 10 (56 percent) survey respondents worked suburban/subdivision areas, followed by 34 percent in urban and central city areas, and 24 percent in small towns.

2017 Profile of Home Staging

Page 14: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

In March 2017, NAR invited a random sample of 53,760 active REALTORS® to fill out an online survey. A total of 1,894 useable responses were received for an overall response rate of 3.5 percent. At the 95 percent confidence level the margin of error is plus-or-minus 2.25 percent.

The primary measure of central tendency used throughout this report is the median –the middle point in the distribution of responses to a particular question or, equivalently, the point at which half of the responses are above and below a particular value.

Methodology

©2017 National Association of REALTORS®

All Rights Reserved.

May not be reprinted in whole or in part without permission of the National

Association of REALTORS®.

For reprint information, contact [email protected].

2017 Profile of Home Staging

Page 15: 2017 Profile of Home Staging -  · Stage only easy homes to sell Stage only high price bracket homes Stage only difficult homes to sell Stage all homes 10% 37% 1% 1% 7% 14% 38% Stage

The National Association of REALTORS®, “The Voice for Real Estate,”

is America’s largest trade association, representing 1.2 million members, including

NAR’s institutes, societies and councils, involved in all aspects of the real estate

industry. NAR membership includes brokers, salespeople, property managers,

appraisers, counselors and others engaged in both residential and commercial

real estate.

The term REALTOR® is a registered collective membership mark that identifies a

real estate professional who is a member of the National Association of REALTORS®

and subscribes to its strict Code of Ethics.

Working for America’s property owners, the National Association provides a facility for

professional development, research and exchange of information among its members

and to the public and government for the purpose of preserving the free enterprise

system and the right to own real property.

NATIONAL ASSOCIATION OF REALTORS®

RESEARCH DIVISION

The Mission of the National Association of REALTORS® Research Division is to collect

and disseminate timely, accurate and comprehensive real estate data and to conduct

economic analysis in order to inform and engage members, consumers, and policymakers

and the media in a professional and accessible manner.

To find out about other products from NAR’s Research Division, visit

www.REALTOR.org/research-and-statistics.

NATIONAL ASSOCIATION OF REALTORS®

Research Division

500 New Jersey Avenue, NW

Washington, DC 20001

202-383-1000

[email protected]

2017 Profile of Home Staging