3D virtual real estate tours have become increasingly popular due to technological advancements and the recent global pandemic. A 3D virtual tour of a home was recognized as the most helpful technology by 61% of residents, outpacing more alternate tour options for rentals like clear listing information and high-quality images.
Because they will have a greater sense of the property with a 3D virtual tour of your rental listings, renters are more likely to submit an application without seeing the property in-person. According to a recent PlanOmatic study, vacant days on the market until the first application were up to 36% lower with a Zillow 3D tour included.
3D virtual tours, in all their forms, facilitate the work of property managers, real estate investors, and SFR owners, so the advantages are endless. Continue reading below as this post discusses how much a 3D virtual tour costs and other valuable information.
How Much Do 3D Virtual Tours Cost?
A 3D virtual tour is an online demonstration of a property typically composed of still images or video recordings and a 3D virtual floor plan. These are intended to give prospective residents a better idea of how the property looks and is laid out. Both single-family homes and multifamily apartments are capable of having 3D virtual tours made.
The price of a 3D virtual tour for real estate varies according to the property’s size, complexity, and quantity. A 3D virtual tour typically costs between $100 and $300. Potential residents can start to envision themselves residing in the property by looking at it from your perspective.
3 Reasons to Invest in 3D virtual Tours
Your residents are online
Technology has altered consumer behavior, including interactions with prospective dwellings. More than half of renters search the internet for properties. However, the number will continue to rise from here. As millennials increase their purchasing power, they’ll be looking online for information like 3D virtual home tours to preview what their future home might look like.
An excellent way to allow users to learn more about your property is by sharing a 3D virtual tour on different social media platforms.
A solid online presence is now essential for bringing in new residents and keeping those relationships going after the initial sale. This is simply because the majority of residents now conduct business online.
It saves time
When you list a new property on the market, prospective residents can contact you hundreds of times. Meeting each of them takes a considerable amount of time. In addition, some people are merely curious and have no intention of living in said property.
Planning a visit to a home can occasionally be challenging. For example, the property you’re renting might be in different neighborhoods. Although 3D virtual reality may not completely replace in-person home viewings, it might be the first step in the process for residents. Also, with the rise of remote work, prospective renters can search for homes on the other side of the country, continent, or world.
More prospective residents will be able to view the property instantly from the comfort of their homes or offices, thanks to the addition of 3D virtual tours. These tours also reveal hidden rental property costs. In addition, potential residents can call and ask for further details if they are interested. As a result of this change, you will have more time to focus on other aspects of your business.
3D virtual tours give residents a realistic experience
A 3D virtual tour is comparable to hosting an open house. Prospective residents can visit the property anytime from their home or place of employment. You can use a 3D virtual tour to demonstrate the finished product to potential residents.. Leads who view property in 3D rather than 2D will feel more connected.
With the help of this technology, a sense of ownership can be instantly created. Clients in these tours could easily see themselves residing in the display home thanks to 3D virtual reality.
Benefits of Hiring a Professional Real Estate Photographer
No doubt, every homeowner or investor wants to increase the sale price of their listing in any real estate transaction. Contrary to popular belief, the best method to achieve this is to ensure that you invest the money required upfront to market your property effectively. Securing a qualified real estate photographer is an excellent place to begin.
The photographs in an online property ad are, by far, what most prospective clients look at first. A listing without good real estate photographs will typically not even be looked at by most online customers.
Also, real estate properties with professional photography are more likely to lease quicker than point-and-shoot photographs.
Their emotions influence about 80% of most purchasers’ decisions. So the secret to getting excellent results is to spark excitement and make potential residents’ dream of relocating, evoking some emotional response.
Potential residents will go on to the listing page if the still photographs they see online capture their attention. If not, the resident will go on to the following result in the search list. Unfortunately, the opportunity to catch that customer’s attention may never again be available.
Final thoughts
Potential residents may now inspect properties without visiting them physically, thanks to the growing popularity of 3D virtual house tours. These tours, typically conducted via video conferencing tools like Zoom or Skype, let prospective residents visit a house without going there. Due to time and money savings, many real estate investors now provide 3D virtual tours as an alternative for their clients.