All Forum Posts by: Carlton B.

In our area hardwood is in most homes so we refinish and replace where we can. Bathrooms get tile and finished basements get carpet. I think the cost is comparable and the look is timeless. 

Quote from @Carlton B.:

Quote from @Andy Sabisch:

It depends on the pool of buyers you are looking to market to.  For first time buyers at a lower list price, the benefit is often negated by the cost of the staging.  We have sold our flips without staging but again, the pool we market to are often first time buyers that want a quality home and staging is not a factor in what they are looking for.  We ensure that we have quality photos taken and in a few cases, have used the virtual staging option for the online photos that can help people visualize what they can have when they move in.

 I have been looking into some virtual tools like reimaginehome https://photos.app.goo.gl/iNuQLkpSUSsz26Pz7 I think with AI these tools are great for online but we still need that in person touch when people walk through the door.

 wrong link that's some family photos here is the to a AI generated Pic of one of my properties https://preview.reimaginehome.ai/aff029cb-dd6b-4434-b4b2-34b...

Quote from @Andy Sabisch:

It depends on the pool of buyers you are looking to market to.  For first time buyers at a lower list price, the benefit is often negated by the cost of the staging.  We have sold our flips without staging but again, the pool we market to are often first time buyers that want a quality home and staging is not a factor in what they are looking for.  We ensure that we have quality photos taken and in a few cases, have used the virtual staging option for the online photos that can help people visualize what they can have when they move in.

 I have been looking into some virtual tools like reimaginehome https://photos.app.goo.gl/iNuQLkpSUSsz26Pz7 I think with AI these tools are great for online but we still need that in person touch when people walk through the door.

Quote from @Marcus Auerbach:

Depends on the property, middle segement more than entry level. Staging is powerful and we use a professional service. Cost depends on how many items, usually between 2k and 5k. 

Staging can literally make a property look 10% more expensive, I am not sure we always get that much extra, but definitly very positive ROI.

Thanks for replying and I know you are local and that helps a lot. I think most of the properties we do are in that middle segment, but more importantly there is a lot of competition and they are all staging. I may reach out for recommendations for stager.

Quote from @Doug Smith:

Yes, I'm a lender, but we also do a ton of flips. We stage our own as we normally have multiple going at once and it gets really expensive. You don't need to do a ton, but it does have to look nice and uncluttered. The drawback is I can't get a car in my garage (lol)...

First let me say that property looks great,  and my garage is always out of control between my tools and left overs from flips our cars bearly fit.

Social media works best when you are consistent and authentic. People ignore the obvious sells pitch's but if it's something informative or entertaining you will get some clicks. I have used Hootsuite and HubSpot for campaigns in the past but they take time and effort to master. Social media is not a magic bullet it take time to master.

The answer to your question is you spend enough to be competitive and not blow your budget. Check out what flippers are doing in your area and try and be better then them. In my market depending on the condition we find them 5k to 10k. 

I'm sure most of the flippers on this forum stage there properties but... 

What is your cost?

Do you think it's worth the cost?

Would you consider staging yourself?

If you stage yourself why?

Honestly I agree with you it seems like to much, but there is some logic to it. Gray is neutral but there is still enough contrast when you add trim and furniture to give a good pop. I also believe having less choices makes it easier for people to pick. If you have the only house with blue walls that becomes a decision point. Notice how cars are mostly white and black less choices take the color out of the buying equation.

I'm not a contractor but I live near Chicago and I have contractors that commute from Chicago to work on my flips. Chicago is not like a lot of other places your labor should be higher because its Chicago everything in Chicago is higher. Maybe not double but yes higher, I would not go by the GC or even this board (no disrespect to the pros here) I would ask other drywallers in your area. Don't put yourself out of business making someone else rich.