Both real estate agents and homeowners are now understanding the benefits of getting their properties professionally-staged. Studies have shown that staged properties sell 73% faster than non-staged homes on average; and for more money! Read on to learn about the different ways that virtual staging can help you make more money when you sell your home.
While traditional home staging is expensive due to the costs involved in physically staging the home, virtual staging is the new and upcoming concept that is becoming tremendously popular due to its cost-effectiveness. Virtual staging by Styldod can stage an occupied or vacant home virtually to make it more appealing to the buyers, eventually leading to a successful sale.
6 Ways Virtual Staging Can Help You Make More Money
1. Spend Less Than Physical Staging
Whether physical or virtual, home staging breathes a new life into a home. In addition, it gives your listing a competitive edge over other properties on the market. The beautifully furnished space helps potential buyers imagine themselves living within the walls. But, professional home staging isn’t cheap.
Virtual staging is as effective as traditional staging at a fraction of the cost. Statistics show that virtual staging can reduce the cost of staging by up to 97%.
2. Reduce Clutter
You might have asked your homeowners multiple times to declutter the space so that you can put up clean property photos on your listing. However, the photos you get are usually of rooms that are cosmetically covered to hide the mess. And the job done is so poorly that if you put them in your listing, the appeal of the home is sure to decrease.
Virtual staging can remove the clutter. Be it piles of shoes in the mudroom or a distracting art in the living room; virtual staging can effectively eliminate it.
3. Infuse Modernity into Traditional Designs
Mid-century modern aesthetics have proven to land the highest sales price. Some experts believed that applying this style of interiors to your listing can easily add 26% to your sale price.
The benefit the virtual staging has over traditional staging in this regard is that you can present different styles to potential buyers and easily tailor your presentation according to the taste and preference of the potential buyer.
4. Show Renovation Potential and Options
Virtual staging can show potential buyers how minor home improvements such as painting the walls, replacing the kitchen cabinets, or breaking down a wall can make a major impact on the entire look of the space. This also helps in validating the listing price.
5. Enhance Curb Appeal
Curb appeal can help sell a home faster. A study done by Michigan State University revealed that a home with landscaping and effort put into curb appeal could increase perceived home value by 5 to 11%.
If your online property listing shows an overgrown garden or a patchy lawn, potential buyers will show less interest in your property. It can get worse if there is saggy siding or peeling paint.
Virtual staging can manipulate the yard to give it a virtual facelift and entice the prospects.
6. Beautify Transitional Spaces
The American Institute of Architects has reported a substantial increase in requests for indoor-outdoor living. What does this mean? Transitional spaces are now sought-after because they increase the living space without increasing the investment.
Virtual staging can show your buyers your listing’s potential for transitional living. With virtual staging, TVs, outdoor kitchen appliances, fire pits, or furniture can be added to inspire more comfortable outdoor living.
Although virtual staging can help you make more money on your sale, you need to be very careful when choosing a virtual staging company. Do your due diligence and hire an experienced virtual staging company that can effectively do the job.
Author: Rahul Agarwal is the Co-Founder & Chief Business Officer at Styldod, where he programs computers to do interior design. Rahul was also a co-founder of Mebelkart (since acquired by Ask Me). He’s your everyday IIT Kanpur nerd who pushes the boundaries with his innovative entrepreneurial stints and is also a sound startup investor & advisor. Rahul attributes his success as a professional to the discipline he has learned from his district hockey days, being a swimmer and a gym enthusiast.