If you're looking to sell your home — and get top-dollar for it — staging the property can help you do it.
Put simply, staging means preparing the home for a potential buyer — or "setting the stage," if you will. It involves redecorating, rearranging furniture, cleaning and other aesthetic strategies to present the home in the best possible light. The goal is to make the home as appealing as possible to the most potential buyers.
Benefits of Home Staging
Home staging comes with many benefits. For one, it can make it easier for potential buyers to envision themselves in the home. It provides a clean palette of sorts — one without clutter, personal photographs and other items that might turn off a buyer or make it hard to imagine themselves living on the property. According to a study from the National Association of REALTORS© (NAR), 77 percent of buyers say it's easier to visualize a staged property as a future home.1
Staging also makes a home look more "move-in ready" — meaning that it doesn't seem to need a lot of work or repair before a new buyer could move in. Seventy-one percent of buyers are looking for a move-in ready home.2 Staging could help give that impression, which could be a nice advantage for you in successfully selling your home.
Finally, staging a home makes it easier to market. It looks better in listing photos (which can play a big role in today's home-shopping process), and it is also more eye-catching when shared on social media, printed on flyers and displayed in other visual marketing mediums. As a result, staged homes typically sell faster. According to NAR, 62 percent of agents say staging has an impact on a home's time on the market.3
Options for Home Staging
You have a few options when looking to stage your home. You can choose to do the process yourself (DIY); you can look to your real estate agent for help; or you can bring in a professional staging company to do the work on your behalf. In some cases, you could also do a combination of these options.
Though these pros do come at a fee, they typically do the work for you. They will evaluate your home's current condition, make recommendations on how to improve its overall appeal to potential buyers and marketability, and then put those suggestions into action by rearranging the furniture, bringing in new décor or helping you declutter.
Often, stagers have a large inventory of furniture, décor, artwork and other items they can pull from to help your home look its best. Just be aware that using a stager's inventory may come with an extra fee, so be sure to ask about that.
Travelers Insurance allows you to customize your coverage to fit your unique needs. We focus on understanding you, so you'll feel right at home working with us.
How Much Does It Cost to Stage a House?
According to the National Association of Realtors, the median cost of home staging is $675.4 These costs vary, though, and depend on several factors, including the size, location and price of the home, the exact type of staging services you're looking for, and whether you need additional furniture, décor or other items in your staging efforts. Some agents recommend spending between 1 to 3 percent of your home's listing price on staging.
If you're staging your home yourself, you'll want to consider the costs of things like:
Is Home Staging Worth it?
From a financial standpoint, staging can add measurable selling appeal to a home. According to NAR, nearly a third of real estate agents say staging increases the dollar value offered by buyers, in comparison to similar homes, by 1 to 5 percent. Another 21 percent of agents say it increased the dollar value of the home between 6 and 10 percent.5
To determine if staging a house is worth it, you'll want to consider a few things, including:
If you're ever unsure of whether staging is in your best interest, consider speaking to a local real estate agent. They can help assess your property as well as make recommendations based on the market and preferences of local buyers.
Selling your home is an important life moment. Why not also take it as an opportunity to review your homeowners coverage? Learn more about Travelers’ innovative suite of homeowners insurance products.
Find Out the Benefits of an Annual Check-In
Do you have the right amount of property coverage?
This question is an important one to ask each year. Life changes and the passage of time can affect the cost of rebuilding your home or replacing your vehicle.
Want to make sure you’d be covered in the case of an unexpected event? Take a quick look at these examples and reach out if you’d like to check in.
Say you’ve been driving since you were 16 and have never needed to file a claim. Then, one day you accidentally hit a pole in a parking lot in a moment of distraction.
Even a minor incident like this could end up causing thousands of dollars in damage. If you have collision coverage with a manageable deductible as well as rental car coverage, you’ll most likely end up facing far less financial strain than if you were underinsured.
Here’s another example: Imagine that an ongoing lumber shortage has increased homebuilding costs by thousands of dollars. If a natural disaster were to severely damage your home, you want to make sure your policy would cover the rebuilding costs no matter what.
Upcoming or Recent Changes
Remember, life events like getting married, moving, gaining or losing income, and when a teen starts driving can all affect your coverage needs and options. Knowing you have the right policy can help bring peace of mind as well as better financial security.
As 2021 gets going, reach out to make sure you’re adequately covered this year.
The juggle of work and home life has taken a different form for those of us who are practicing social distancing recommended by the Centers for Disease Control (CDC) during the coronavirus (COVID-19) pandemic. For working parents of school-age children, this means finding ways to keep children safely occupied while performing their job responsibilities, as they work from home (WFH).
Here are six key tips:
1. Expect Changes in Your Work Schedule
By now, you may have noticed that your typical workday schedule is no longer typical. Younger children will require more hands-on help in getting their day started, while teenagers can be more independent and may even be helpful in managing household tasks while you work. The blending of family and working from home is an opportunity to teach responsibility, even in small doses, so you can tend to the work assignments on your plate.
2. Help Your Kids Establish a New Routine
To differentiate work and playtime, help kids set their own routine. If they’re working on school assignments, having them sit down at the same time each day can help provide structure during this uncertain time. Let them know that you’ll be available for help and set aside specific times for fun activities you can do together.
3. Double-Check Home Safety Measures
If your younger children will be out of your sight at home while you’re working, make sure you’ve taken steps to childproof your home to prevent accidents. After cleaning your home, be sure to store cleaning supplies out of reach of young children. If you have a home security system, set up a notification to alert you when a door or window is opened.
You’ll also want to take care of yourself by making sure your home office is comfortable and organized in a way that helps limit potential problems, such as overuse injuries.
4. Reset Your Expectations
Working from home with kids may impact your ability to focus, particularly in uncertain scenarios like the COVID-19 pandemic. Give yourself permission to adapt your work style, realizing that it may take you twice as long to compile a report or finish a project. Working from home means family needs are perhaps just a room away. Strive for balance by arranging your days to fit in all the important tasks you must attend to for both your family and your job.
If you can take a break on a beautiful day, get out in the yard with your kids. You’ll appreciate the moments of escape spent with your family.
5. Stock Up on Fun and Games
While you’re searching online for paper goods or hand sanitizer, add a few art kits or video games to your shopping cart. Now may even be the time to purchase that new gaming system you planned to buy as a special gift. Set parameters around screen time, but realize there may be instances where a little extra play is okay if your kids are having fun and you’re on the verge of completing a task for work.
You may also want to stock up on craft supplies that can come in handy when you need a quick, easy distraction for your kids in order to give you the time you need to meet an impending work deadline.
6. Trust Your Parental Instincts
You know your kids better than anyone. If they’re struggling to adapt to this new situation, they may require more of your attention right now. This means you may need to find ways to shift around work responsibilities. If you have a partner who is also working from home, maybe you can agree to trade off child care duties to ensure that your family’s needs are being met.
Right now, your main priority could be just making it through the day and keeping your family healthy. But, it’s also important to work and provide for your family’s financial needs. Communicate with your co-workers and managers as you adjust your work-life balance.
Consider Whether Your Insurance Needs Have Changed
If you’re moving to a home-based business or using office equipment at home, you’ll need to understand how this fits into your homeowners policy. If you have any questions or concerns, don’t hesitate to contact your insurance agent.
With the ongoing COVID-19 pandemic, it is crucial to review and update policies for cleaning and disinfecting your facility, equipment and vehicles. It is recommended that you increase the frequency of cleaning and disinfecting high-touch surfaces, which may include door pushes, handles, touchpads, elevator buttons, faucets, sinks and electronic devices, as well as common areas, such as entryways, lobbies, hallways and restrooms. The Centers for Disease Control and Prevention (CDC) offers steps for properly cleaning and disinfecting facilities.
If infected persons have been in your facility, the CDC provides additional considerations:
How to Clean and Disinfect
Hard (Non-porous) Surfaces
Non-porous surfaces should be cleaned using a detergent or soap and water prior to disinfection.
When cleaning and disinfecting soft (porous) surfaces like carpets, drapes and other woven fabrics, first clean these surfaces with soap and water or other suitable cleaners. Avoid shaking drapes to make sure you do not make the virus airborne. Then, if possible, launder these items following the manufacturer’s directions. When laundering items, use the warmest water setting appropriate for the items and dry completely. Otherwise, use EPA-registered disinfectants for SARS-CoV-2 for porous surfaces.
Clean and disinfect electronics regularly, especially if they have been used by an infected person. Electronic devices may include cell phones, tablets, touchscreens, keyboards, remote controls and ATMs. Remember to focus on frequently touched surfaces. When cleaning and disinfecting electronics – both shared and personal – follow the manufacturer’s instructions on appropriate products to use. If there are no cleaning and disinfecting guidelines provided by the manufacturer, consider using disinfectant products such as wipes or sprays with at least 70 percent alcohol.
Develop and consistently follow cleaning and disinfection procedures for vehicles, with a focus on commonly touched surfaces. Conduct these procedures at the beginning and end of each driver’s shift. Maintain adequate ventilation of the vehicle while cleaning and disinfecting. Refer to the sections on PPE and hand hygiene below.
Wash or sanitize hands immediately after cleaning and disinfecting, removing gloves or other PPE, or coming into contact with an infected person. To thoroughly wash hands, use soap and water for 20 seconds. When washing hands is not possible, and as long as hands are not visibly dirty, use an alcohol-based hand sanitizer made of at least 60 percent alcohol. Other key times to clean hands are after coughing, sneezing, blowing your nose or using the restroom; prior to preparing food or eating; or after public visits or interactions.
Personal Protective Equipment (PPE)
It is important to develop and implement procedures and policies that address the use of PPE.
When was the last time you considered the air quality in your home? It’s easy to forget about something invisible, but like many around-the-house tasks, clearing the air is well worth your effort.
In the interest of health, safety and keeping your home in good shape, here are a few steps you can take to help your family breathe a little easier.
1. Test for radon gas and install carbon monoxide detectors.
You can’t see, taste or smell radon and carbon monoxide, but these indoor gases can be dangerous to your health and safety if left undetected.
2. Run an air purifier to clear allergens and pollutants.
Improve your indoor air quality by filtering out pollen, dust, pet hair and other irritants. If anyone in your household becomes sick with COVID-19, running an air purifier in their quarantine room may provide some protection from floating virus particles. HEPA air purifiers can also help remove smoke particulates during wildfires.
3. Use a dehumidifier.
Is your home prone to dampness? Keep your humidity level under 50% to prevent mold growth. Run a dehumidifier (and clean it regularly) as well as the exhaust fan in your bathroom(s) after every shower.
4. Follow these daily best practices.
In addition to testing and equipment purchases, these simple habits can help maintain your indoor air quality:
While spring is a common time for many homeowners to spend some extra attention on upkeep and maintenance, autumn is just as critical a season for preparing your home to withstand the potentially harsh winter weather and temperature conditions that may await you. By making maintenance part of your annual fall routine you can identify potential problems before they arise, and help prepare your home and property for what Mother Nature has to offer.
Following are some home maintenance tips from our Risk Control professionals to help you prepare for the coming winter:
Your dog just took down the neighbor’s fence while chasing a squirrel (and your neighbor isn’t happy). Will your homeowners insurance cover the damage? The short answer is, “it depends.”
Policy coverage and exclusions can vary, and when important factors like pets are involved, the fine print matters.
Want to know more? Here are a few common questions about pets and home insurance.
Does your policy cover damage caused by pets?
Many home insurance policies do not cover damage your pets cause to your own property — like a torn sofa or broken TV. However, liability insurance may cover damage your pet does to other people’s property.
What if your dog bites someone on your property?
Most home liability policies offer coverage for damage a person may suffer on your property, including dog bites (up to a certain limit and provided you’ve disclosed you have a dog). Note that after the first dog bite, you may face additional exclusions.
Are different breeds treated differently?
Some insurance policies may offer limitations on coverage if you have what is considered a high-risk breed. When you share what kind of pet you have we can let you know what to expect.
Are backyard animals covered?
Home insurance policies don’t provide coverage for damage your pets, including backyard animals like goats or chickens, cause to your property. However, liability coverage may still apply (with some limitations).
Will your home insurance pay your pet’s medical bills?
Unfortunately, you’re likely on your own for your pet’s medical bills even if they are hurt during a covered incident (like breaking through your neighbor’s fence).
Have questions about your coverage? Reach out anytime.
If a covered loss results in covered property having to be rebuilt, repaired, or demolished in accordance with the enforcement of any building code, law, or ordinance, this coverage responds.
Coverage is limited to 10% of the coverage A amount (10% of the building alterations amount in form HO-00 04), and is an additional amount of insurance.
The forms state that the coverage may also be used for increased costs to remove debris in accordance with the enforcement of any code or law regulating such removal.
The forms exclude any costs or expense resulting from any law or ordinance that requires testing for, monitoring for, or clean-up of any pollutants. So, for example, if a covered fire destroys an older home whose furnace has asbestos-wrapped pipes, the coverage will not respond to clean up of that particular item. Also, any loss in value resulting from the enforcement of any code, law or ordinance is excluded.
For example, if a building code states that those charming wooden shakes on a roof must be replaced with asphalt shingles because of fire regulations, with the result that the scenic log house loses $5,000 in value, the coverage will not respond.
Particularly in regards to an older home, the amount of ordinance or law coverage may be insufficient. For example, a home built in 1920, with a replacement cost of $200,000, partially burns.
The systems were last updated in 1970. Now, however, the aluminum wiring must be replaced with Romex, and all remaining lead pipes with PVC, at a cost of $10,000.
Further, because the house is over 50% damaged, it must be demolished at a cost of $12,000. The 10% allotted by the policy is now used up.
While a careful review of local building codes is not feasible, the safest practice is to increase the coverage if there is any doubt.
Your front steps recently started to crumble a little bit — what would happen if your neighbor slipped and hurt their wrist while bringing you some mail?
When things go wrong, many people are happy to resolve problems privately or forgive the responsible party. But sometimes an injury or a property loss is so expensive that outside help is the only way to pay for the damage.
Here’s what to know about how to protect yourself from potentially costly accidents.
What does personal liability insurance cover?
If someone is accidentally injured in your home or on your property, personal liability insurance can help cover their medical bills and protect you if you’re sued.
If you or someone else covered by your policy accidentally damages someone else’s property, personal liability insurance can pay for the loss.
What doesn’t personal liability insurance cover?
Personal liability doesn’t cover your own damage to your own property and covered family members, though other insurance often does.
If your spouse falls off a ladder, your health insurance will provide coverage. If you accidentally start a fire and cause damage in your kitchen, your homeowners or renters insurance will kick in. If you injure someone while driving, you’ll file an auto insurance claim. And you’ll need a separate policy for business activities.
How do I get personal liability coverage?
If you have homeowners insurance or renters insurance, you already have personal liability coverage. The question is whether you have enough.
Insurance protects us against losses we can’t afford to pay for without help. Do you know how much personal liability insurance you have and whether it’s enough?
Reach out today and we’ll figure it out together.
6 Helpful Home Features to Look Forward To
If you could redesign your home today, what would it look like?
Experiencing a pandemic has changed how many of us think about our living spaces. What used to make sense may now seem impractical, and lots of homeowners are wishing for different features and layouts altogether.
How will home design change in the future? Here are a few comfort-focused innovations we might start to see.
Cleanliness and Safety
Looking to the future, you can likely expect to see more voice- and motion-activated technology and stronger barriers between the outside and inside world.
Have you felt overwhelmed by clutter lately? Future homes will likely adapt to a more streamlined and storage-friendly mindset.
Need some peace and quiet? Want to accommodate multiple roommates or your multigenerational family with ease? Designers and architects can help.
Do you have questions about your home insurance coverage? Need help with anything? Reach out today.