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Virtual Tours vs. Traditional Property Showings: Why Going Digital Saves Time, Resources, and Enhances Pre-Construction Marketing

Posted by RealNex on Nov 12, 2024 8:00:00 AM

In the commercial real estate market, giving potential buyers or tenants a clear view of a property has traditionally meant in-person showings. However, this approach can be limiting—especially when a property is still under construction, being renovated, or simply isn’t camera-ready. Virtual tours offer a forward-thinking solution, providing immersive previews that overcome these limitations while saving time and resources.

In this blog, we’ll explore the advantages of virtual tours over traditional showings and how they allow commercial real estate professionals to market spaces even before they’re complete. 

The Limitations of Traditional Showings 

While in-person tours provide a firsthand experience, they come with significant challenges:

  1. Time-Intensive Scheduling and Preparation

    Arranging showings requires careful scheduling between brokers, property managers, and clients, which can slow down the viewing process. For properties not yet ready for visitors due to renovations, construction, or staging needs, preparation time becomes an even greater challenge.

  2. Restricted Access for Out-of-Town or Busy Clients

    Coordinating schedules becomes even more complex when dealing with out-of-town investors or busy professionals who may not have the flexibility to travel. This can result in missed opportunities and a limited pool of potential buyers.

  3. High Cost of Staging and Site Preparation

    Each in-person showing for an unfinished or non-camera-ready space may require significant setup, including staging, lighting adjustments, or even temporary construction work. This is especially costly if the property needs frequent preparation due to multiple showings.

  4. Inability to Showcase Future Developments

    If a property is still being built or under renovation, there’s often little more than blueprints or construction zones to show. This makes it difficult for potential tenants or buyers to envision the finished space, which can slow down pre-leasing or pre-sale activity.

Why Virtual Tours Are the Ideal Solution

Virtual tours bring a powerful solution to these issues by providing an immersive experience with greater flexibility, especially for properties not yet complete. Here’s how virtual tours help you market properties—whether they’re camera-ready or still under development.

  1. Enhanced Pre-Construction Marketing

    Virtual tours allow prospective clients to walk through a property before it’s even built. By integrating high-quality 3D renderings, architectural designs, and virtual staging, you can showcase the future potential of the space. This digital representation gives buyers and tenants a fully immersive preview of the completed property, which can drive interest and commitments even before the construction finishes.

  2. 24/7 Accessibility from Anywhere

    Virtual tours allow clients to view a property anytime, anywhere, removing the need for rigid scheduling. This is especially valuable for reaching remote or international clients who otherwise might not have the time to travel to see the property in person. By offering a virtual tour, you provide a convenient option that expands your market reach.

  3. Immersive Walkthroughs of Non-Camera-Ready Spaces

    Even if a property is unfinished or undergoing renovation, virtual tours with virtual staging can depict the finished look. By overlaying digitally staged furnishings and finishes on spaces that aren’t camera-ready, virtual tours help clients envision the potential of the property without the visual distractions of a construction zone.

  4. Reduce Costs with Reusable Digital Content

    Unlike traditional showings that require ongoing site prep, virtual tours are reusable. Once created, a virtual tour can be shared with multiple clients without additional staging or cleanup costs. This cuts down on operational expenses while providing a polished and consistent presentation every time.

  5. Interactive Engagement with Potential Clients

    Modern virtual tours often include interactive features—such as embedded floor plans, 360-degree views, and clickable hotspots that reveal additional information about the property. This interactive experience keeps clients engaged and provides more context for their decision-making, reducing the need for multiple site visits.

Showcase Property Developments with Confidence

Virtual tours are invaluable for pre-leasing, pre-selling, or simply marketing properties still in progress. By using high-quality renderings and virtual models, you’re able to:

  • Show the Finished Look

    For properties under construction, virtual tours can showcase the completed space, giving buyers or tenants a tangible vision of the end product. This is particularly advantageous for properties in development, as it builds excitement and interest early in the project timeline.

  • Generate Commitments Before Completion

    By offering a visually engaging, lifelike preview, virtual tours allow you to secure leasing commitments or pre-sales. This is especially valuable for projects with future availability, giving clients confidence in what they’re investing in—even if the building isn’t yet ready to visit in person.

  • Highlight Future Amenities and Customization Options

    Virtual tours can also spotlight planned amenities, nearby attractions, and even potential customization options for prospective tenants. This level of detail creates a compelling narrative around the property’s future appeal, giving clients a complete vision without needing to visit a construction site.

Future-Proof Your Marketing Strategy

Virtual tours in commercial real estate aren’t just a modern convenience; they’re a strategic asset that broadens your audience, saves resources, and accelerates leasing or sales. By using virtual tours to showcase properties that are in-progress or not camera-ready, you create a polished and professional experience for potential buyers and tenants, making them more likely to commit.

As the commercial real estate industry continues to embrace digital tools, virtual tours are proving to be one of the most valuable resources for brokers and developers. So, whether you’re marketing a newly completed building, an under-construction project, or a renovated space, virtual tours can give your property the reach and impact it needs to stand out.

 
Contact us today to discover how we can elevate your next commercial real estate project from concept to completion. Let’s build the future together!

Topics: CRE, CRE Tech, CRM, Real Estate Technology, prospecting, Productivity, CRE Marketing, visualization, 3D VR

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