ROYAL
LEPAGE POLL FINDS HOUSE STAGING
A PRE-SALE MUST FOR CANADIANS
CONTRARY TO BELIEFS, COSTS ARE LOW AND NEED IS HIGH
-Poll
also finds 75% of Canadians classify their home décor as
current and 45% call themselves pack rats-
TORONTO,
March 10, 2005 – With the busy spring housing market right
around the corner, Canadians are contemplating home improvements
to help entice potential buyers. According to a poll released today
by Royal LePage Real Estate Services, the attitudes of Canadians
towards appropriate house sale preparation costs and the currency
of their home’s décor differs from industry experts.
The 2005 Royal LePage House Staging Poll (conducted by Maritz Research)
illustrates that 54 per cent of Canadians think that $2,000 or more
is the appropriate amount to spend in preparing a house for sale,
with a surprising 25 per cent willing to pay over $5,000. The poll
also shows that 75 per cent of Canadians would classify the style
of their house as “current” or “somewhat current.”
These findings are counter to house staging specialists, who maintain
that although the majority of homes in Canada are in need of updating
prior to sale, a significant difference can be made with as little
as $1,500.
Although
Canadians are unfamiliar with the term, which means preparing a
house for sale using cost-effective and non-invasive methods, most
consider house staging techniques as part of their selling and buying
criteria. House staging can also be referred to as house fluffing.
“Due
to the popularity of home makeover television programs, consumers
are more familiar than ever with interior design trends, and average
Canadians now expect more when shopping for a new house,”
said Dianne Usher, senior manager, Royal LePage Real Estate Services.
“House staging, a tool used by successful real estate agents
for decades, is the best way to make a dramatic impact without having
to spend a lot of money.”
And,
while most Canadians think their home décor is current, experts
like Timothy Badgley, interior designer and owner of Acanthus Interiors
in Port Hope, Ontario disagree. “The majority of homes that
we visit for consultations are out-dated and in need of a pre-sale
makeover,” he said. “The good news is that unlike major
renovations, house staging is a simple and inexpensive way to bring
your house up-to-date.”
Badgley
added: “Buyers want to walk into a house and immediately envision
themselves living there. Simple staging techniques like cleaning,
organizing and de-personalizing can help to make your house buyer
friendly.”
45%
of Canadians classify themselves as a pack rat and in rural areas,
the number rose by almost a third
Creating
the illusion of space and neutralizing your house are two important
aspects of house staging. According to Badgley, eliminating clutter
is an easy way to accomplish both. This is an area where improvement
is needed for most Canadians. Almost half of Canadians classify
themselves as either a “complete pack rat” or “somewhat
of a pack rat.” In urban centres, the number of respondents
who classified themselves as a pack rat was a significant 41 per
cent. In rural communities, that number rose to 53 per cent.
Even
those who did not classify themselves as a pack rat were in need
of house de-cluttering. Over 90 per cent of Canadians showcase small
appliances, such as microwaves, toasters, radios and blenders on
their kitchen counters. According to Badgley, this is a deterrent
for potential purchasers. “Homebuyers are interested in ample
kitchen counter space, not your small appliances, even if they are
high-end,” he said. “By clearing counters of removable
items, potential homebuyers can envision the space exactly how they
like.”
86%
of Canadians rank storage space as important to potential buyers
According
to the poll, the top three interior features when selling a home
were freshly painted walls (30%), flooring (29%) and organized storage
space (20%). However, when asked how important storage space was
to a potential buyer, 86 per cent ranked it as a seven out of 10
or higher, with 43 per cent grading it as a 10 out of 10, or the
“most important.” Another interesting finding was that
while 32 per cent of males ranked storage space as the “most
important,” the number jumped to 54 per cent for females.
Nearly
three-quarters of Canadians are open to house staging technique:
furniture removal
Another
effective staging technique is removing, rearranging and resizing
furniture. Badgley suggests creating space by removing oversized
pieces. The survey found that the majority of Canadians were receptive
to this idea as 74 per cent of Canadians stated that they would
remove furniture from their house if they thought it would increase
the value of their home. Not surprisingly, age played a factor in
receptiveness to removing furniture. While 80 per cent of 18 to
29 year olds would remove furniture, the number decreased to 68
per cent for Canadians aged 50 and older.
Curb
Appeal Counts
When
preparing your house for sale, the exterior of your house is equally
as important as the interior. Homebuyers decide whether or not to
look inside a house by the appearance of its exterior. When asked
what they thought was the most important exterior feature when selling
a house, the number one answer was a well-maintained yard (40%).
A clutter-free yard and driveway ranked second (28%), while a newly
painted exterior was third (18%). Two of Badgley’s exterior
house staging tips are purchasing removable storage bins for unsightly
trash cans and creating an "entertaining space” in the
backyard by setting out patio furniture, even in the winter.
Additional
poll findings
-
26 per cent of primary residence owners were considering selling
their home in the next five years.
-
When
asked “Excluding the kitchen, if there’s a particular
room in the house where the floors were in poor condition, which
of the following do you think would be the most helpful in selling
your home?” 83 per cent cited installing hardwood floors
while 14 per cent chose carpet.
The
Royal LePage House Staging Poll was conducted by Maritz Research
between February 24th and February 28th, 2005. The poll is based
on a randomly selected sample of 1,002 adult Canadians. With a sample
of this size, results can be considered accurate to within +/- 3.10%,
19 times out of 20, of what they would have been had the entire
adult Canadian population been polled. This data was statistically
weighted to ensure the sample’s regional and age/sex composition
reflects that of the actual Canadian population according to the
2001 Census data.
Royal
LePage is Canada’s leading provider of franchise services
to residential real estate brokerages, with a network of over 11,000
agents and sales representatives in 600 locations across Canada
operating under the Royal LePage, Johnston and Daniel, Trans-Action
and Realty World brand names. Royal LePage manages the Royal LePage
Franchise Services Fund, a TSX listed income trust, trading under
the symbol “RSF.UN”. |