80% of Developers Noticing Quicker Sales with a Fully-Furnished Property
David Phillips comments on creating a lifestyle through property staging.The Home Staging Association (HSA) reports that on average non-staged properties stay on the market for 108 days, compared to staged properties which receive an offer after 45 days. With such a noticeable difference in time, it’s no surprise that award-winning furniture services provider David Phillips is seeing an uptake in requests for home staging.
“It’s all about creating a lifestyle, making use of the available space and presenting this ‘ideal life’ to prospective tenants. Properties are selling twice as fast when professionally staged and for 8 -10% more which has had a knock-on effect on the demand for our design services.”
Tali Leggett, Head of Rental Design at David Phillips
David Phillips offers a range of furniture packages to developers, estate agents and private landlords to help transform empty interior spaces into homes. These stylish packs are designed to be flexible and can be customised to suit the individual needs of each space. Furthermore, at the end of the rental agreement tenants can purchase the pieces if they require.
From concept all the way to delivery and installation, the specialist team works with clients to design a space that meets the brief alongside selecting pieces that will showcase an interior in a way that highlights its true potential; making use of multi-use spaces and creating a welcoming environment that maximises the space plan.
The report by the HSA also highlights that 80% of developers are seeing staged properties become occupied much quicker than non-staged properties; which highlights the value of this premium service. The report also discusses how certain rooms take precedence, with the reception room, master bedroom and outside space taking the top spot for increasing sales and occupancy rates. However, it’s not just developers investing in staging services, both estate agents and private landlords are also utilising this service to ensure their properties are looking their best.
Tips on staging your own property Tali Leggett shares her most important tips to consider
- Carefully consider the furniture layout to ensure there are clear walkways throughout the property and no narrow spaces or awkward obstacles to overcome which may raise a red flag to potential buyers. Choose furniture of an appropriate scale for the room to ensure spaces feel homely but not over-crowded.
- Choose an appropriate style of furniture and accessories based on the design of property and its location. A loft conversion in Shoreditch will require a completely different selection of furniture and art verses a traditional town house or cottage. While we all grow attached to particular pieces which may hold sentimental value, it can be worth bringing in a friend with ‘fresh eyes’ to point out anything which doesn’t tie in with the rest of your scheme and can be stored elsewhere while you market the property.
- Bring your space to life with the accessories, art and mirrors. Playing around with different textures, finishes and shapes will add visual interest and the choice of colours will really lift a scheme. Artwork can be used to draw the eye up and makes an excellent focal point in any room. In addition, placing a mirror in a small room will make it appear larger and hanging one in front of a window will reflect more light in a darker room.
- Every property is different but as a general rule we advise a minimum 2 month staging period and that furniture is left in until the exchange of contracts.
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