21 Sep Why Virtual Staging is the Next Big Tool in Real Estate
When agents discovered the power of staging, the property market was changed forever. Instead of selling a property as-is, agents could now entice buyers into imagining themselves owning the property in all kinds of exciting and new ways. Traditional staging, despite it’s effectiveness, can be time consuming, expensive and require a number of experts. Virtual staging is the latest tool in real estate, allowing buyers to view a digital version of a beautifully staged house.
Build the Buyers Vision
It’s no secret that buyers are more likely to make that all important purchase when they can imagine themselves in the property. This is where staging, both physical and virtual, can make a noticeable difference to conversion rates. They also decrease the time spent on the market. In fact, 2011 study by the Real Estate Staging Association found that once staged, homes spend 73% less time on the market. This is an excellent testament to the power of staging to entice buyers into making the purchase.
Increase the Perceived Value
Virtual staging increases property value by allowing potential buyers to visualize the space as more than simply a blank canvas. This services to dramatically increasing their perceived value of the property. The buyer’s ability to picture the possibilities of a property improves buyer perception. If a property is otherwise empty, partially furnished, incomplete or under renovation, it’s hard to imagine living there. Virtual staging is particularly powerful tool for adding value to properties where traditional staging isn’t possible. Due to difficult entrance ways or partially finished construction, it can be hard to introduce real furniture into the space. The existing furniture doesn’t meet the style and needs to be virtually removed at times.
Lower Your Sales Expense
Under many different circumstances, staging makes the perfect fit for a property. However, many end up questioning whether the extensive efforts and extra costs of staging are worthwhile. Virtual staging decreases the listing costs without sacrificing the benefits of traditional staging. Due to virtual staging requiring considerably less legwork and equipment, it comes with a suitably pleasing price tag as well. Thanks to the shift in the cost-benefit equation, people are beginning to notice this benefit to using virtual staging.
Reduce the Time Investment
It’s not just the cost that’s luring agents and vendors into virtual staging. The time and effort (or lack thereof) is a massive draw card as well. Virtual staging is considerably less time consuming than traditional stagings. There is no labouring time involved selecting, adding, removing or arranging furniture and decorations.
Virtual staging wins many people over thanks to the ease of use. Traditional staging techniques involve the expert eye of a specialist to get the interior design just right. Additional hands to help in the set-up process will also be costly. Choosing the right equipment takes more time and effort. Are the colors not quite right? They can be changed with just the click of a button. The learning curve for virtual staging is simple and with minimal time investment anybody can find themselves comfortable using it.
You can see your empty property adorned with stylish sofas, impressive feature walls and other interior design changes. And it’s only a few clicks away! An impressive way to show buyers the potential an otherwise ‘blank canvas’ property hods. Whether for cost, time or other considerations, virtual staging is a powerful tool to increase your property value.
Contact us if you have a property that you’d like to get virtually staged. We can also give you more information on pricing and styles.
Otherwise, please feel free to contact our team with any questions about our Virtual Staging services.