Home staging is considered an upgrade especially if you plan on selling or renting out your property as an investment opportunity. While it is indeed necessary to increase home value, not everyone is doing it right. The homeowner mentality is different from that of an investor. Both have to be defined separately so that you can know the merits of incorporating the latter in your strategy.
Homeowners sometimes forget to employ a strategic approach when they are doing a property overhaul. They remain personal when it comes to design and structural changes, thus forgetting that they have to appeal to the market. What happens when mistakes pile up is that the renovation could end up being more costly than the worth of the property itself.
As for investors, they think rationally and gauge their strategy based on defining factors. For one, they study the community and its way of life so that no changes are too fancy to make the final price exceedingly expensive for potential buyers. This goes along with prioritizing a certain budget, working smoothly with a team of professional contractors and ending up maximizing the resources to achieve the best output with fewer expenses.
Priority projects vary per property. The initial assessment would reveal that there are three main projects that should be part of the scope of the renovations, mainly:
- Customary essentials – Also called the basics because it includes the items that buyers would already expect to be present and functional upon take over. This pertains to a solid foundation, walls that stay put, ceilings that have no cracks, a plumbing system that works smoothly and damage free flooring, among others.
- Decorative – This gives added appeal to the house by way of side projects that enhance the look of certain areas. For starters, the bathroom can be remodeled to appear cozy, welcoming and classy. Kitchens could have added countertops too, as long as it fits well with the overall strategy.
- First impressions – They do last, definitely. Upon first view of the property from the outside, the prospective buyers should already be impressed. Enhancing curb appeal can do a lot of wonders as a welcoming gesture to viewers who want to be surprised and pleased with what awaits them.
Personal preferences may get in the way at some point, but remember that the essence of home staging is to provide a good option for people who want to feel at home – in the same way that you have settled in when it was once yours to keep.