Virtual Staging: The AI Trend Reshaping Real estate Listings
Matthew Ping, principal broker with Porcupine Real Estate in New Hampshire, recently came across a listing for a property online with a lawn so lush that it caught his eye, prompting him to click through to the full listing.
Once he read the property description,though,he learned the lawn had been “virtually enhanced” in the photo. Then, he realized the roof and façade of the house had also been “virtually enhanced” by the lister. If a buyer wanted to make such changes to the property, it might cost up to $100,000, according to Ping.
“So,why are you putting that on a listing?” he said. “I don’t think that makes sense. I think it would turn a lot of people away.”
Most homebuyers today first encounter properties online, making eye-catching listing photos more crucial than ever.Those who can afford it frequently enough bring in professional stagers to refurnish or decorate a home to make it universally appealing.
More than 80% of buyers’ agents told the national Association of Realtors this year that staging helps their buyers picture a property as their future home. Since the rise of online listings, real estate agents have used lighting and professional photography to create photos that highlight the best features of a property.
Now, AI is disrupting that process, with “virtual staging.”
How virtual staging works
New tools can digitally redesign interiors to match current trends to target specific audiences – turning a spare office into a nursery for a young family or furnishing an empty room to make it easier for would-be buyers to envision themselves in it.
“AI has really enabled sellers of any price point to leverage staging, whether it’s AI or physical, to really help market their property,” says Katy Borja, director of marketing at Dickson realty in Reno, Nevada. “The advantage of AI is speed, flexibility, and how quickly you can go to market.”
The process of staging a home with AI is fairly straightforward. Realtors or home sellers upload photos of an existing room to an AI-powered virtual staging platform.