Virtual staging in the real estate market has its demand as it increases the overall value of assets. In digitally-driven real estate, first impression is the last. If a property’s first impression is able to make impact on the clients. Then it become easy to sell a property, the virtual home staging would dramatically increase the value of property. This is the main reason why virtual home staging is a decisive factor. So it is a digital tool that has significant and measurable impact on a property’s asset value. It can influence the asset value and influence and streamlining the sales process of an asset.
The impact of virtual staging on asset value can be broken down into following key areas:
Improving the first impression
Virtual staging does assist in constructing a home that creates a positive first impression. It can make a big difference in attracting offers and new buyers toward a property. A construction site with a good look and first impression always has higher prices. The reason for that such a property has a unique style and design, which are the main reasons for the best first impression of the property.
Reducing the need for physical staging
There is no need for physical staging of the property when you apply virtual design staging of a home. The physical staging does need a lot of time and space to perform it correctly; you need to rent out the furniture and other equipment to check the space. On the other hand, virtual home staging makes it possible for the clients wihtout any real-time situation. You can check the adjustability of the furniture and the place in the corridors by the virtual home design.
Increased Sale Price
The virtual staging process improve the overall price of the property. The National Association of Realtors (NAR) has statistics that the staged homes can sell around 10% costly compared to non staged home. So if a property valued at $500,000, even a 5% increase an additional $25,000, this is the big difference between the staged an unstaged property price. Virtual staging achieves this price increase by a fraction of amount invested compared to the traditional staging. This involves expensive furniture rentals and the moving fees of labor.
Selling Time on Market
The longer a property sits on the market the more it loses it demand in the reestate market. Mostly the, buyers may assume there is something wrong, so the property is taking long time to be sold. A powerful first impression due to virtual staging drives more interest and showings.
Enhanced Buyer Engagement and Market Reach
The virtual staging improve overall buyer engagement and market reach. A Seller can explore the market outside its reach by the staging a property on their website. This is the reason the property dealers do suggest the virtual staging to improve overall listing of a property.
Take Away
virtual home staging is a strategic to increase the asset value. It improve the overall listing price of the property and overall selling time of property. This assist in increasing the property overall value and its listing value.
