Is the formal living room destined to become the next dinosaur of home design? It’s hard to say, but almost a third of potential home buyers say they would be willing to buy a home with no living room, according to a Better Homes and Gardens survey. What home trends do indicate is that new home buyers want more space for casual living, with more rooms capable of serving multiple functions. Homeowners want to use all the space in every room of their homes, and we’re demanding more flexible spaces and bonus rooms that can serve specialized purposes according to our family’s needs and life stages. What does that mean for the seller?
Most real estate experts still advise sellers, as they prepare their homes for sale, to convert main rooms back to their original purpose. That goes for the living room space as well. But in some markets, sellers may be better served to at least give the “formal” living room a more casual feel. Many mid-priced new home models stage the front room of the home (where the formal living room used to live) as a library or home office. Not so in the high-end market - upscale home buyers still look for a formal living room. So what’s a seller to do?
Before you list, talk to your real estate agent and discuss the positive aspects and features of your home. What types of buyers are most likely to see your home as a good fit for their needs and lifestyle? If the location, price range and features of your home make it more attractive to a particular market segment, keep that in mind as you stage your home to sell.
Keep in mind that staging a room doesn’t require a fully furnished space. A couple of choice pieces with the proper accessories will do the job to suggest the function intended. Often, any additional furnishings needed can be borrowed from friends or family members, or picked up inexpensively at a thrift store.
Staging your home for sale to address the needs of potential buyers is a smart marketing strategy - if the location, price range and features of your home already make it more attractive to buyers in a particular life stage. Using home staging as a marketing tool helps to create that emotional connection and demonstrates to buyers that your home is the perfect home to meet their family’s need and suit their lifestyle.
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The Author: Sandra Tuell Website: http://www.newhomes.com About: As weblog author for Homes Advisory, the blog for New Homes Realty, Inc., Sandra Tuell covers topics that run the real estate gamut, written expressly for the home buyer. On the blog, home buyers will find practical information and advice on preparing their existing homes for sale, enlisting the services of a buyer’s agent, searching for new homes, making an offer and closing the transaction. Sandra regularly presents real estate news from the perspective of how events will impact home buyers and the real estate industry in general. Trained as a journalist, Sandra stepped into the real estate industry as an accredited home staging specialist, interior arranger and color expert. Since March 2007, Sandra has researched, commented on and explored happenings in the real estate industry, including home building, home mortgages and financing, real estate investing, and the economy. With a passion for all that is pertinent to the design, comfort, livability and marketability of the home, Sandra also provides tips and insights for homeowners who wish to maximize the potential of their personal spaces and turn their new houses into homes. For the past four years, Sandra has operated her own interior arrangement and home staging company, Roomscapes, servicing clients in Pinellas County, Florida. Previously, Sandra worked in the corporate world as a marketing professional, applying her creative energy in a variety of roles including advertising, promotions, special events planning and web content creation. Her current position as a writer for New Homes Realty allows her to bring together her love of design and her educational training as a journalist. "It's really the best of both worlds," says Sandra.
This entry was posted by Sandra Tuell, on Friday, June 1st, 2007 at 9:55 am and is filed under Selling Your Home. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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[...] buyers will be sold on your home and the lifestyle it can offer. For more suggestions on creating transitional spaces in your home for sale, check back for the next [...]
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