Having an investment property is all about profit. If you are looking to resell, one of the most effective ways to maximize your value is to have your investment property staged before putting it on the market.
However, not all staging is created equal, so how do you get the most bang for your staging buck?
Staging tips and tricks to help maximize your investment property’s resale value
1. Don’t forget about the outside
First impressions are important, especially when it comes to homes. While many people stage the inside of their investment properties, few people remember to think about the outside. Staging the outside of a property is a big project, and it can suck up both time and money. So if you are on a budget or have little time to stage your property, we suggest that you focus on the area from the driveway to the front door. This way, your outdoor staging will have the greatest impact on potential buyers, winning them over as they approach the house.
2. Clean and bright goes a long way
Staging does not need to be elaborate. In fact, often times expensive staging choices do not end up paying for themselves. Instead of going all out, work on creating a clean, cheery, and bright space. The easiest way to do this is to make sure that your investment property staging has a neutral palette and that the house is tidy and well-kept.
3. Watch the details
Details make a big difference when it comes to staging your income property. Add some homey touches. Put out a bowl of candy for potential buyers. Make sure the cupboards are closed and the paint is fresh. Just like you would put your best self forward at a job interview, make sure the best version of your investment property is on display.
4. Hit the key rooms
Staging in some rooms is more effective than others. While living rooms and bedrooms may feel like the obvious choices, research has shown that you are better off focusing on your kitchen and bathrooms. In fact, staging these two rooms alone can raise the value of your property by 7%. So before an open house, always do a once over of these two rooms to make sure they are on point.
5. Do not forget pictures
Staging is no longer only for open houses, you also need to consider how your property will look online. After you have finished staging your investment property, make sure you get a set of stunning photos taken. Putting these photos up online will help draw potential buyers in and remind those who have viewed your space what they love about it.
The most important thing to remember about staging your investment property…
All these tips and tricks are important, but keep in mind that staging is about appealing to your buyers. Thus, every decision you make should be geared directly to your potential buyers and help draw them in.
Not sure who your potential buyers are or how to appeal to them? This is where a home renovation professional comes in. A professional has the experience necessary to guide you in how to stage an investment property to maximize its value.
If you are looking for a home renovation expert to work with on renovating and staging your income property in the Lower Mainland, get in touch with us today.
