Understanding your Houston Home Staging Estimate...

By
Home Stager with THE ORIGINAL HOUSTON HOME STAGING

What do home stager's charge?

What's the cost?

How do you build an estimate?

Is your estimate binding?

_________________________________________________

These are but a few of the questions that we hear.  Below you will see a copy of an actual estimate.  Home Staging prices are a mystery to the average consumer and this consumer "stage fright/price fright" can often stop a client from making contact with our companies.   A quick canvass of Home Staging providers in Houston doesn't provide a clue as to what staging services cost (although, we like to say that a professional staging service doesn't 'cost' anything! Home staging is an 'investment' not a 'cost').  

Houston Home Staging is often chosen as a service provider because we post our pricing.  (visit our website for further information and our Before & After videos www.houstonhomestaging.net )  We currently provide a 90 day installation that is not pro-ratable.    After 90 days, our furniture is leased on a month-to-month basis (proratable) using the prices that you see on the estimate.

Your estimate is broken down into two basic categories:

  • Product (furniture, artwork, acccessories, etc...)  These are fixed prices.
  • Services (delivery/pickup, staging, consultations, photography, refreshment station, etc...)  These prices vary depending on location, and complexity of the project.

The prices for furniture and accessories are determined by using standard furniture rental calculations (25 - 30% of replacement cost).  So a table that is purchased for $100 is rented for $25.

With Houston Home Staging, you only pay for one month of a 90 day furniture rental.

Is our Estimate binding?   Houston Home Staging works on a not-to-exceed budget.  So, we'll guarantee a not-to-exceed price (in this example we would probably cap the price at $2500).   During the creative process, ideas come and go and no two of our stagings are alike.   Each is custom designed and installed.   Often, while loading a truck for an installation, we find a little something or other, that inspires the use of additional inventory.  This method gives each staging project a customized, fresh look.  Rather than bother the client with an additional budget request, we just bring along the new item. 

So, is our estimate binding?  The price is guaranteed, and the major pieces on the estimate are never substituted without notifying the client.   Generally, our clients aren't part of the creative process, but (if asked) we can provide photographs of the major pieces that we'll be using.

Typically, a vacant house staging is completed within a week of the initial contact with the client. (Sometimes we're able to turn our projects within 24 hours of the initial contact).    At the end of the installation, the staging is photographed, and inventoried.  The client receives a final, detailed inventory.   Typically, our final inventory exceeds the original estimated amount.   But with our not-to-exceed price guarantee there are no surprises.   Well, actually there is a surprise:   everyone's surprised that we can provide such a great staging for such a little investment!

Tom Scanlon ASP   832.260.3151

Houston Home Staging... a moving experience!

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Topic:
Real Estate General Information
Location:
Texas Harris County Katy
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Home Staging
STAGING STORIES
Texas Real Estate
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Comments 9 New Comment

Rainer
202,044
Alicia Barrington
Houston Home Staging Presents Alicia Barrington
THE ORIGINAL HOUSTON HOME STAGING

Hi Cathy Lee:  There have been several comments that consultants and seminars suggest to never post pricing. Posted pricing is not a 'down-scale' technique.  Here's just a quick list of people that I have fought on this very issue (the list is real, as were the disagreements):

  1. Pierre Berge:  Co-Founder Yves Saint Laurent
  2. Didier Grumbach: (currently) President Federation de la Couture
  3. Georges Wichner:  VP at Paris Collections U.S., (Subsequently) CEO Valentino, President Roger Vivier, President Thierry Mugler 

In the high-fashion business, these very successful companies didn't understand or agree that letting the customers see the prices was effective.   In our market (Philadelphia), consumers mentally over-priced our merchandise and eliminated us as a possible source for their fashion choices.  By putting our prices in the window (there was no internet way back then) we increased traffic throughout the boutique, increased sales, reduced our markdown percentage, and turned the first profit that the boutique had ever seen.  Of course, the crash of 1987 killed that business (sigh).

Similarly, professional home stagers have created an intimidating aura.   Titles such as Diva, and the HGTV, TLC staging presentations give the mistaken impression that we're haughty, and expensive.   Well, maybe we are.   But expensive is in the eye of the beholder (and we're actually a pretty nice group of people - not haughty at all).   $2000 is a lot of money for Houstonians to invest in staging.   $2000 was cheap in the Pacific Northwest.

Another benefit to posted pricing is that it reduces the number of phone calls from new stagers who disguise themselves as potential customers.  It also increases the conversion rate of contact-to-contract.   I had been running a 4:1 ratio of customer contacts turning into actual staging contracts.  (Four individual conversations would turn into one contract).   Now, it's down to 3:1    Actually, this month one contact has resulted in five stagings from one developer!   The primary reason(s) I was contacted by this client: 

  1. posted pricing
  2. good staging

 

 

September 12, 2010 08:40 AM
Rainer
253,132
Kathy Burke
S.F. East Bay Home Staging
Sensational Home Staging~~Danville, CA

Tom....stopped back and totally glad!  Appreciate your "long winded" comment above!  I hadn't thought about it but I do think your right that by not posting a price....or a range of pricing....leaves some with the impression that it is thus....expensive.  It is a mental process of....I won't be able to afford this service!

GREAT discussion topic.....THANKS!!!

September 12, 2010 10:47 AM
Rainmaker
101,371
Tessa Skeens
Marketing + Staging For Denver Realtors, Builders
Hampton ReDesign, Home Staging and Redesign

Tom thank you so much for posting your cost breakdown on staging a vacant. I too have heard to not post prices and of course that is the first thing most people ask when they call for more information.

Here are my thoughts re posting pricing...

Many service providers do not post pricing. From designers to doctors to lawyers. For example when I was recently referred to a new dentist I took on faith that the referral came from a good source, however once I got into the dentists chair I made sure I knew what my costs were going to be upfront for the procedures. In other words, you choose a service provider based on personal requirements, their reputation, etc. and then you discuss costs or negotiate price.

In my view whenever a service provider leads with price it's to appeal to those who are looking for cost over service. Now obviously both great service and low cost can co-exist but that's the perception, no?

I agree that there is a lot of confusion out there about what staging is and how much it costs. But I think we are better off leading with educating how our service works, how it benefits, what it entails as opposed to how much it costs.

Great post!!

 

September 13, 2010 11:09 AM
Rainer
202,044
Alicia Barrington
Houston Home Staging Presents Alicia Barrington
THE ORIGINAL HOUSTON HOME STAGING

Tessa:   Many, many thanks for providing a valid point!  In some markets, staging has taken hold.  In Texas,  Dallas and Austin Stagers have had a completely different experience from Stagers in the Houston market.  If I were competing against Jason Maxwell in Dallas (which I kind of have), I'd compete with great staging and great price.   In Houston,  Autumn Dunne has lead the way, and her incredible stagings (they really are spectacular) used to arrive with an incredible price.  The probability of Houston Home Staging capturing any part of the miniscule market that Houston Stager's enjoyed was indeed slight.  The small success that we currently enjoy is directly related to our posted pricing policy.

However <G>........... if there is a lot of confusion about what staging is and how much it costs,  why not address the issue directly and tell the market what the cost is, show them (with photographs) what (professional) staging is, and educate the consumers about the value.   Which (I now notice) is exactly what you're writing about in your last paragraph. 

Education about staging should be about value.  Instead, we're (respectfully) still debating on the role of Realtors in the staging process.  After countless hours of staging demonstrations on HGTV and TLC, consumers are still hesitant to utlize staging professional staging services? We're still educating about staging???   If we're still doing this, and Staging companies are still struggling to get off the ground, then maybe something has been missed.  The missing element has been educating consumers about reasonable and customary charges and prices for staging services.

I'm not suggesting that we lead off with or as the "99 Cent Staging Company".    In selling anything, customers don't buy a price, they buy value.   But, at all levels of the spectrum, value can't be determined until the price is known.

Consumers of staging services are indeed looking for fashionable and attractive stagings.  Posted pricing isn't the 'lead' story.

While I'd agree that education is a valuable tool, I can tell you that I have talked myself blue in the face at Realtor seminars, and Home & Garden Shows.  I've done BNI, belonged to RESA and IAHSP.  I'm featured in the Houston Chronicle, and Absolutely Katy magazine.  I've done four episodes of Property Ladder, and appeared on Fox News (local).   I did a clip for a little talk show here in Houston, and been interviewed on the radio. I've handed out coffee cups, baseball caps, pens, and expensive portfolios.   I've done things for free,  I've discounted my prices on particular projects just to 'educate'. 

Did all of that education work?  Welllllllll, if you drop a pebble in a pond where will that ripple end?  However,  my clients are generally investors with multiple properties that need to be staged.  So, we've acknowledged their need, and posted our pricing, and the result has been clients who now trust us, and whose budgets have increased because we've provided a value adding service.

On a lighter note:  I need to visit the Dentist (really I do)<G>   But, I've delayed that service because I don't know what the pricing is (and, also, I'm fearful of dentistry).  However, I'm thinkin' that price negotiation is probably best done prior to being strapped into a chair, with some crazed dental hygienist who's  got a needle full of (whatever) in one hand, and a mask filled with laughing gas in the other  (I guess I was influeced by Steve Martin's protrayal of a sadistic dentist in Little Shop of Horrors).   

Again, many, many thanks for your observations!

September 13, 2010 12:32 PM
Rainer
202,044
Alicia Barrington
Houston Home Staging Presents Alicia Barrington
THE ORIGINAL HOUSTON HOME STAGING

Many thanks Tesssa!  Well said!

September 14, 2010 01:26 PM
Rainer
202,044

Alicia Barrington

Houston Home Staging Presents Alicia Barrington
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