Home staging data published by Royal LePage states that, “Staged homes sell in half the time as non-staged homes” and that “32% of agents believe staged homes increase the dollar value buyers are willing to offer by 1-5%”. Given the benefits, it makes sense to want to explore the options of staging a home. In Toronto, the price of staging a 2,000 square foot home “Costs somewhere between $2,400 to $3,600 per month” according to local agency, Justo Brokerage. So on the one hand, without staging you may lose some value on the sale of your home and it may take longer to sell. On the other hand, the staging costs could add up as there’s still a chance that your home could remain on the market for several months — so what is the ideal solution? For the best of both worlds, DIY home staging with self storage is a great option.
Which Home Staging Principles Are the Most Important?
A Duke University study ranked the most beneficial staging principles for both buyers and sellers. We’ve broken down each of them with DIY home staging using self storage in mind.
Remove personal items: The idea behind this is to allow the viewer to imagine this place as solely their own, as if they are seeing a newly built home. In order to achieve this, remove anything that makes the space looked lived in. For example, items such as family portraits, your coat hanging on the rack, toiletries such as toothpaste or shampoo on the bathroom counter, etc.
Use rooms for intended purposes: Make sure the layout of your home is evident and simple to envision each room’s purpose. Moving items out of your home can become scattered but in doing so, make sure there aren’t items left from the family room or boxes of kitchen items blending into the dining room. Simply put, If any item doesn’t add to a room’s distinct purpose it should be removed and placed in self storage.
Remove evidence of pets: Some people are either allergic to pets or simply just don’t like the idea of animals being their homes. To be safe, make sure any pet hair, litter boxes or stains are removed before staging your home in order to avoid the situation altogether. However, you may not place Whiskers the cat in self storage! If you have any questions, a full list of items that cannot be placed in self storage can be found here.
Turn on all the lights during showings: Bright lights allow potential buyers to see your home in the most vibrant and spacious way possible.
Show homes furnished, not empty: Highlight your homes properties by leaving your favourite home furniture there in a decluttered, well organized presentable way for the best viewing experience possible. Any item that isn’t streamlined or conflicts with staging principles 1 and 2 should be removed and/or stored.
Should You DIY Home Stage With Self Storage or Hire a Company?
The choice is entirely up to you and your own unique situation. Staging through a company on a 2,000 square foot home in Toronto will cost you approximately $3,600 per month. It’s also worth noting that many home staging companies require a minimum 3 month contract, so make sure to clarify and weigh those details before proceeding. Utilizing self storage and storing your items at Storage Centre will have a significantly lower cost. Especially considering our current no strings attached, 8 weeks free storage offers available.
For advice on what size of unit you may need, visit our Blog for a simple break-down of unit sizes here, or simply contact a Storage Centre expert @ (416) 679-1000 and they will be happy to assist you.