Introduction
In today's competitive real estate market, sellers are constantly looking for innovative ways to increase and maximise their potential returns while minimising the occurring expenses. One such strategy gaining popularity is Virtual staging, which offers cost-saving cutting edge techniques in the realm of real estate compared to traditional staging methods. This article will help you get the idea about the virtual staging and will help you to explore the financial advantages of virtual staging, and provides tips for finding affordable solutions without sacrificing quality.
A Brief Description about Virtual Staging
Virtual staging is a digital technique used in real estate marketing to enhance the appeal of a property. It involves using computer graphics technology to insert furniture, decoration, and other home elements into photographs of an empty or outdated room. It is a cost effective and an efficient way to showcase the property to the potential buyers. This process helps potential buyers visualise the space's potential, making the property more attractive and helping it sell faster.
The space shown above was enhanced using Virtual staging, the difference between the before and the after image can be seen very clearly. Who will choose a property which is looking monotonous? Eye-catching, attractive, inviting is what the buyer tends to seek, Virtual staging helps the seller to obtain all such objectives at a reasonable amount of charge!
Where to Use Virtual Staging?
Virtual Staging is used by various professionals like interior designers, real estate agents, editors, photographers and many more. Furnished or not, it can be used in both the aspects and can give significant results accordingly. It is a game changing technology which is introduced in the field of real estate market.
Virtual staging can be used in various types of properties like single family house, multi family house, offices, lounge, restaurants, hotels and what not! It makes it easier for the buyers to see the potential of the property without actually visiting it.
How Much Does Virtual Staging Actually Cost?
Virtual staging cost depends on the property size, extra services, detailing level along the service which is rendered. Some Virtual staging service providers only provide basic services like Virtual furniture placement, on the other hand, some provide some advanced services like Virtual tours which costs a bit higher than the normal service.
It is advisable to compare the costs of various companies and go with whatever suits you the best. Even though the cost of Virtual staging is variable, it still is a much cheaper option as far as the Traditional staging is concerned. It can range from $20 to $2000 depending on the service rendered.
Basic Services
As the name suggests, basic services is basically the starting point of the Virtual staging like Virtual furniture placement, decorations, photography and many more. These type of Virtual staging cost range from $20-$100/room, it depends on the size of the room, along with the level of detailing the user is willing to add in his space.
Advanced Services
Advanced services include some upper level services like Virtual tours, rendering and many more, which allows the clients to go through the property using VR(Virtual Reality) headsets. These services of virtual staging cost from $500 and can even go beyond $2000 per room. Along with these additional services the basic services are already included in this. This service is comparatively a bit costly but its yield and return on investment justifies the point of it being a bit costly.
What are the Benefits of Virtual Staging?
Virtual staging offers a lot of benefits to its user, some of them are mentioned below:
Cost-Efficiency
Who doesn’t want to save money? Surely everyone wants to! Virtual staging does help the user to achieve this objective, as it is very affordable and efficient when compared to Traditional staging. It helps the client to save a lot of money, it is roughly around 97% more cost efficient than the Traditional staging. So, if your budget is a bit tight, you don’t have to worry anymore, Virtual saving is there to rescue you! Affordable and cheap virtual staging is all you need! Virtual staging cost is lower and quicker than the traditional staging.
Quick
Traditional staging will take somewhere around a week or more to complete the staging. Virtual staging on the other hand is way quicker than it as it only takes roughly around 1-2 days or even less sometimes. It saves a lot of time for the buyer, and lets them enjoy their desired style too!
Flexibility
Virtual staging is flexible as changes can be made very quickly. Different options are present for the buyer so that they can envision their property however they want and select what suits him the best, if in case he doesn't like the style, it can be changed accordingly. This also helps the providers to increase their sales.
Convenient
Virtual staging is indeed a convenient option as it eliminates the hassles of hiring the movers to move the furniture and decorations. This hassle free service where the user doesn't have to worry about all the hustle is a great way to increase its reach and which in turn can help in attracting a lot of potential customers.
The picture below is an example of how beautifully it can enhance any space, making it more appealing and attractive!
Finding Affordable Virtual Staging Solutions
For sellers looking to leverage virtual staging without breaking the bank, several cost-effective solutions are available. One approach is to shop around and compare quotes from different virtual staging providers. Many companies offer competitive pricing and may be willing to negotiate package deals or discounts for bulk orders. Let us take a look at some of the virtual staging service providers:
oflisting helps you beautify your properties and sell it faster. It is an affordable, high quality provider of Virtual Staging made specifically for real estate. It is the most affordable amongst all of the companies mentioned. If you are looking for any affordable virtual staging option, oflisting is a must to consider. It provider their user a budget friendly staging solution catering their needs. Their fast service, along with unlimited revisions is definitely a plus point over others. oflisting is also going to provide other services like website design and development, and professional photography in the upcoming future. Below are some stats of it:
Price | Discount | Turnaround | Customer service |
$14/photo | Availability | 12-48 hours | 24/7 |
BoxBrownie has become one of the popular virtual staging software due to its low pricing and good quality result, it offers various services like, photo editing, virtual staging, renovations which are all done virtually using software. Their process is fast, handy and starts at an affordable rate. Below are some stats of this company:
Price | Discount | Turnaround | Customer service |
$24/photo | Not available | 24-48 hours | 24/7 |
VHTstudios helps the user to transform their empty and dull space into a warm and welcoming home with their trendy furniture and home decoration staged virtually. They have multiple pages for their website made for agents, brokers of real estate. Below are some stats of this company.
Price | Discount | Turnaround | Customer service |
$35/photo | No | Not listed | Not listed |
Padstyler assists you in visualising your property by making it more appealing and attractive. Padstyler also offers rendering, which can be particularly helpful for commercial real estate agents. Below are some of its stats:
Price | Discount | Turnaround | Customer service |
$29/photo | Yes, in bulk | Not listed | 24/7 |
Maximising ROI with Virtual Staging
Any property whether it is Virtually or Traditionally staged, will be sold for a higher price compared to any normal, vacant property, due to the creation of an appealing and inviting atmosphere in the property. To ensure the investment in virtual staging pays off, sellers should develop certain effective strategies to maximise ROI. This includes:
Carefully selecting staged rooms to showcase the property's key features and target buyers' preferences. Staged rooms have the potential to attract new buyers towards it, the seller should seek this opportunity and try to present the space as appealing as possible.
Highlighting the property's potential through virtual staging, sellers can attract more interest and potentially command higher offer prices. It is an effective tool to increase the potential of any property. Therefore, helping in opening new doors of opportunity for the user of the Virtual staging.
Sellers should consider the longevity of virtual staging beyond the initial listing period. The better the results will be, the more it will attract the client towards the property.
Virtual staging allows for easy updates and modifications, enabling sellers to refresh their listings without incurring additional expenses. Virtual staging being flexible, can be changed accordingly without adding up any hassles and unnecessary expenses, which ensures maximum ROI in the minimal cost.
By leveraging virtual staging as a long-term marketing tool, sellers can continue to reap the benefits well after the initial investment. Virtual staging is a never ending technology in real estate as of today. Sellers can sow the seed of Virtual staging and can enjoy its fruit for a long period of time!
Conclusion
In conclusion, Virtual staging offers a budget friendly and cost-effective alternative to traditional staging methods in the real estate market. By leveraging virtual staging services or exploring DIY options, sellers can showcase their properties in the best possible light while minimising expenses. Virtual staging being affordable also helps the seller to achieve a significant ROI over it. With the potential for faster sales and increased offer prices, virtual staging is a valuable tool for sellers at all budget levels seeking to maximise their returns. The future of virtual staging is demanding as it is solving a lot of complexities and that too at an affordable price. It can help us transform any empty room into an inviting and appealing space which also helps the company by attracting several potential buyers.
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