Whether you’re a real estate business or an individual seller, you’ll increase your profit with digital staging. Very simply, you’re essentially reducing your costs and increasing your price which gives you more profit. In fact, digital tools in general are changing how the real estate industry does business. To give you an idea, there are many tools out there, ranging from predictive analytics to online blockchain transactions. Nevertheless, virtual staging is one of the easiest to use and most impactful that all topnotch real estate agents love.
Digital Staging increases Buyer Profits
Let’s first review how digital staging drives real estate profits, as detailed below:
- Costs are low
- Selling price is high
- Fast turnaround time
- Access a larger buyer pool
Costs are low
Virtually staged photos range in cost depending on what type of virtual staging company you work with. Alternatively, you can also go the DIY approach because there are many different virtual staging apps on offer online these days. Either way, you’re looking at costs of about tens of dollars as compared to thousands of dollars for physical furniture staging. The added bonus of virtual staging is that you don’t have to move around lots of heavy furniture. You can also change your mind and redecorate several times thanks to the fast turnaround times of any virtual staging services company.
Selling price is high
Research shows that virtual staging services boosts property selling price. Essentially, home staging is all about creating the right impression that anyone would wish for from a modern and well-furnished property. Depending on your target buyer, you might decide to stage everything including your living room, dining room and kitchen as well as maybe also a bedroom and floor plans. What you then find is that all these details help people imagine living there and they become emotionally hooked. It’s therefore no surprise that you can raise the asking price.
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Fast turnaround time
The longer your property stays on a listing then the less money it’s making you. It’s actually costing you at least marketing efforts and perhaps also real estate agent fees. Imagine instead that you’ve received the selling price and that the money is happily making you interested in a bank account? The good news is that virtual staging tends to speed up the selling process because it allows you to reach out to a larger potential buyer pool.
How to Get the Best Profit from your Digital Staging
Let’s not forget that even virtual staging services need to be evaluated. Whilst the costs are very accessible, there is a range of quality in staged photos and you’ll want the best virtual staging service you can find. Therefore, to maximize your profits and make the most out of your virtual staging solutions, you’ll need to choose the right virtual staging company to work with. Listed below are some key criteria to help you make that decision:
- DIY versus professional virtual staging companies
- Choose a reputable staging company
DIY versus professional virtual staging companies
As previously mentioned, you can choose virtual staging apps and do everything yourself, along with the help of your estate agent. Nevertheless, don’t underestimate the design team behind reputable virtual staging companies. Many of them either have an interior design background or they have a digital technology specialization. They’ll therefore be able to advise you much better than any DIY app can. Also, they’ll help you get the right furniture and gadgets for your staged photos that will actually appeal to your target buyer. Overall, you’ll end up with a much stronger strategy to drive success.
Choose a reputable staging company
Clearly, you’ll need to do a bit of research to find the right virtual staging company. You’ll want to review their portfolio and history as well as their approach. After all, we all have our own ways of expressing and you’ll want to feel that you can work well together. It’s also worth asking them about their virtual staging software and what methodology they use. Even if you don’t necessarily understand the details, it will help you compare with other virtual staging companies you’re talking to.
Don’t forget though that your real estate agent can also recommend virtual staging companies. Many of them have long-term partnerships and deals to potentially offer you. Either way, make sure that the virtual staging company you choose is accredited and fully trained on their virtual staging software. After all, you want t
he best, professional digital staging photos that don’t look cheap and cheesy.
Parting Words on Increasing your Profit with Digital Staging
Home staging is the way to get the best out of your real estate project. This is especially true these days with people’s bigger online presence. Not only do virtually staged photos help them dream, but it also shows them what’s possible and what’s out there. It’s the best way to attract buyers and all for a very good price. It would be a shame to miss out.
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