You’ve probably heard a lot about accessory dwelling units (ADUs) in the news lately. Maybe you’re even considering adding one to your property. ADUs can be a great way to increase your property value, and in this blog post, we’re going to show you how.

1. What is an accessory dwelling unit?

An accessory dwelling unit (ADU) is a smaller secondary structure on a property that is separate from the primary residence. ADUs can take many forms, such as a cottage, cabin, garage, studio or in-law suite. ADUs can be used for a variety of purposes, such as housing an elderly relative, providing short-term rental income or serving as a home office. One of the best things about ADUs is that they can be used to increase the value of your property. In many cases, an ADU can be added without increasing the size of your footprint or even significantly altering the appearance of your home. In some cases, an ADU may even be permitted to be built in addition to the primary residence. If you’re considering adding an ADU to increase your property value.

2. How can an accessory dwelling unit increase your property value?

An accessory dwelling unit, or “ADU”, is a great way to increase the square footage of your living space and, as a result, the value of your home. ADUs can be used for a variety of purposes, from an office to a guest room to a full-blown apartment. But the immediate benefit is that it raises the value of your home because it simply adds more square footage of living space to your property. In addition to increasing the value of your home, an ADU can also help you generate some extra income by renting it out. If you’re looking for a way to add value to your home, an ADU is a great option.

3. What are the benefits of having an ADU?

Accessory Dwelling Units, or ADUs, are a great way to add value to your property. In fact, research shows that ADU garage conversions generate more than $1.5 Million in revenue and value appreciation over a period of 30 years! That’s a huge return on investment. Not only are they a great way to increase your property value, but they can also provide you with an extra source of income by renting them out. Mutitaskr is the perfect solution for anyone looking to add an ADU to their property. With our expert team and easy-to-use platform, we’ll take care of everything for you—from designing and permitting your unit to managing the entire project from start to finish. So if you’re looking for a hassle-free way to increase your property value, and more space Mutitaskr is the solution for you!

4. How do you go about getting an ADU?

If you’re looking to increase your property value, an easy way to do it is by building an Accessory Dwelling Unit (ADU)—also known as a granny flat, mother-in-law suite, or backyard cottage. ADUs are growing in popularity as a way to provide more affordable housing, and they can also be rented out for additional income. Mutitaskr offers a one-stop shop for all your ADU needs, from designing and building your unit to obtaining the necessary permits. We’ll take care of the entire process, so you can relax and enjoy your new space.

5. Do we deal with zoning restrictions?

Many homeowners are hesitant to add an Accessory Dwelling Unit (ADU) to their property because of zoning restrictions put in place by their city or county. However, Mutitaskr has the solution! With their one stop shop for all your home needs, you no longer have to worry about dealing with zoning restrictions or getting approvals from the state. We take care of everything for you. In addition, our contractor guarantee ensures that you will be happy with the finished product. So why wait? Start increasing your property value today!

An accessory dwelling unit can be a great way to increase your property value and enjoy some of the benefits of having an extra living space. We specialize in helping people develop the best construction plans and can offer some tips on how to increase your property value with an ADU. Contact us today to get started on your project!

The post How HardHat Investments and Multitaske Increase Property Value? appeared first on Hard Hat Investments.

If you’re like most people, you want your home to be the perfect reflection of your personal style. Unfortunately, that’s not always easy to achieve. It can be especially challenging if you’re trying to remodel your home on a budget. That’s where a good project development plan comes in. By carefully planning each step of the remodeling process, you can minimize costly mistakes and maximize your results. In this post, we’ll discuss the importance of a good project development plan and how HardHat Investments, The Buildsters, and Multitaskr can provide you with the most efficient project development plan. 

1. What is a project development plan?

A project development plan is a document that lays out the details of a project. It includes a timeline, a description of the work to be done, and the roles and responsibilities of the people involved in the project. A good project development plan is carefully crafted and thoughtfully executed. It involves the integration of the every single plan created at different stages or processes, and the integration into the final project document. This ensures that everyone is on the same page and that there are no surprises when it comes time to start work on the remodel. Having a well-executed project development plan is crucial to help your property come to life.

2. What’s included in a project development plan?

A project development plan is a document that outlines all the steps necessary to complete a project. This includes everything from acquiring permits to hiring contractors to purchasing materials. A project development plan should be tailored to the individual project and the specific needs of the client. At HardHat Investments, we have a team of experts in every field necessary to execute a project flawlessly. Our partners at The Buildster provide our clients with access to a project management tool, fund control, and permitting so they can always stay on top of their project. We also create a complete 3D model of your home and 2D schematic floor plan so you can see every step of the renovation process.

3. How can a project development plan help my remodel?

When you’re remodeling your home, it’s important to have a project development plan in place. This document will help to keep everyone – including the contractor – on the same page so that there are no surprises when it comes time for construction. It also guarantees that you will get the project done at a pre-determined price. In order to create a successful development plan, The Buildsters utilizes state of the art technology such as Drone Deploy Scan. This scan gives us a full aerial view of your property, including elevations, so that we can accurately price the project and avoid any costly surprises. We also carefully select our contractors so that you can be assured the job will be done within budget.

4. How do I create a project development plan?

A project development plan is an important tool for anyone looking to remodel their home. It can help minimize stress and ensure that your project goes according to plan. Our team at HardHat Investments, LLC has a lot of experience in the industry, and we’re excited to share our knowledge with you. We’ve partnered with The Buildsters and there partners, who are experts in creating 3D models of your completed project. With their help, we can create a virtual reality experience of your remodeled home that is so accurate, you’ll be able to count the nails! This way, you’ll know exactly what to expect when your project is completed. Not only will this save you time and money, but it will also eliminate the possibility of any surprises.

5. What should I consider when going with The Buildsters to remodel my filp?

When you partner with HardHat Investments, LLC and The Buildsters, you’re entrusting your home renovation project to two companies that share the same vision: successful completion of your remodel and satisfied customers. We want to make sure that every step of the process is executed flawlessly, from beginning to end. That’s why we manage every project using our own project management tool—so you always know what’s happening and where things stand. Plus, we have a full-time construction staff on-hand to ensure that your project is completed on time and on budget. And if for some reason the contractor doesn’t meet your expectations, we’ll replace them at no cost to you. We’re dedicated to making your home renovation dreams a reality—so contact us today to get started!

Conclusion:

A well-executed project development plan is an invaluable tool for anyone undertaking a remodeling project, whether they’re flipping a property or remodeling their home. By taking the time to develop a plan and sticking to it, you can ensure that your remodel goes smoothly and that you get the most value from your investment.

The post Why is a Project Development Plan Important ? appeared first on Hard Hat Investments.

Introduction:

When most people hear the word “investment,” they think of stocks, bonds, and other conventional vehicles. However, in some cases, the best investment are made in people. Learn more about the company who took a chance on themselves and started a business from scratch, and have been working hard every day to make it thrive. This is the story of a HardHat Investments, LLC who have made a lifelong commitment to our business and our investors.

1. Who is HardHat Investments, LLC?

HardHat Investments, LLC is a company that specializes in getting our sellers the maximum offer on their properties while also locating distressed properties for our investors. We have a team of experienced professionals who are dedicated to finding the best deals for our clients. We have developed partnerships with some of the best companies in the industry, and we are committed to providing our investors with the highest quality service possible.

2. What do they do?

When it comes to real estate, we don’t mess around. We have a well-developed strategy for acquiring properties, and we’ve partnered with the best in the business to get the remodeling process done efficiently, but that’s not all. Our partners, The Buildsters, will also use their project development plan to manage your project from beginning to end and grant you access to our project management tool, fund control, and permitting so you can watch your property come back to life. We also provide a contractor guarantee so if the contractor doesn’t meet expectations, we’ll bring in a new one at no extra cost. We’re here to help you get the most out of your property investment.

3. How did they get started?

HardHat Investments, LLC started as a simple property locating company, and we have helped investors find extremely lucrative real estate opportunities and linked them up with the right partners to help make the  process as smooth as possible. But we didn’t stop there. We loved the construction process our partner company, The Buildsters, had developed and wanted our investors to experience the process that provides the smoothest flip possible. So we partnered up and haven’t looked back since! 

4. What makes them unique?

What separates HardHat Investments from any other property locating company is our willingness to help our investors even after the property is sold. With our highly developed strategy that our partners, The Buildsters , have created for post-sale remodeling, you and your contractor will be on the exact same page, avoiding any surprises during construction. Plus, with our 3D design and scope of work, you’ll have a complete understanding of the entire project before ground is even broken. Our go-get-’em attitude and confident approach has helped us grow our business from scratch, and we’re dedicated to always providing the best possible service to our clients.

5. What’s their goal?

Our goal is to provide unparalleled service and to help our clients efficiently make money while doing what we love. HardHat Investments, LLC was founded with one goal in mind: to make the home selling/buying and remodeling process as easy as possible for our clients. We want to make sure they feel confident in their decisions and walk away knowing they got the most value out of their investment. Our team is dedicated to providing top-notch service, and is filled with go-getters who are always looking for ways to improve the company and provide better services. 

Conclusion:

At HardHat Investments, LLC, we’re dedicated to growing connections and helping people achieve their real estate dreams. Our team is made up of persistent workers who have helped us grow our business from scratch. We’re unique in that we provide top-notch service and support to our clients, and our goal is to help them achieve the most out of their property investments. Give us a call today to learn more about our services!

The post Who is HardHat Investments ? appeared first on Hard Hat Investments.

Looking for a new way to make some money? How about getting in on the real estate action? The HardHat Real Estate Finders Fee Program pays you for recommending quality investment properties to HardHat Investments, LLC. Anyone can make up to $5,000 just by referring a property to us that we are able to close on.

1. What is the HardHat Real Estate Finders Fee Program?

The HardHat Real Estate Finders Fee Program is a way for Realtors and everyday people to make extra money on the side. Our program is growing in popularity as more and more people become interested in making money through real estate investments. We are committed to helping our members grow their wealth, and we offer a generous finders fee program to do so. For every quality investment property that you refer to us that we are able to close on, you can make up to $5,000. This is a great opportunity to make extra money and help us grow our business. We appreciate your interest in joining our team!

2. How does it work?

Here’s how it works in 4 Steps:

1. Once you learn about an off market property that is heavily intersted in being sold, contact HardHat Investments, LLC. ( Go to “Make Money With HardHat Investments” enter your personal information then enter the property address as well as the interested sellers information)
2. We will then give the seller our Max Offer, and if accepted we will handle getting the property under contract.
3. If it is a desirable deal, either HardHat Investments will close the deal ourselves, or one of our private investors will within 30 days.
4. Once the deal is fully funded and closed, we will notify you and send you a direct deposit of your finders fee. You can earn up to $5,000 by referring investment properties to HardHat Investments, LLC!

3. Who is eligible to participate? 

 This program is open to anyone – you do not need to be a realtor to participate. If you know of an off-market property that would be a great investment for us, simply contact us and let us know.

4. Does the property have to be off market?

No, the property does not have to be off market, but including an agent may have an impact on the finders fee. 

5. How do I sign up? 

Just go to our website, enter your personal information on the “Make Money With HardHat Investments” page, and then enter the property address and interested sellers information. We’ll take it from there—it’s that easy!

Conclusion:

The HardHat Real Estate Finders Fee Program is a great opportunity for realtors and everyday people alike ! If you are looking to sell your home, or would like to make some extra money by recommending investment properties, this program is for you ! To sign up or learn more, visit our website today !

The post What is the HardHat Real Estate Finders Fee Program? appeared first on Hard Hat Investments.

Introduction:

There are many services that are offered by HardHat and its partner companies. One of these services is 3D scanning. 3D scanning can be used for a number of purposes, such as real estate, construction, and more. If you are looking for a 3D scanner shoot, you may be wondering how much they cost. In this article, we will discuss the cost of HardHat’s services.

1. HardHat Services

At HardHat, we work with many partner companies to offer a wide variety of services. Some of the services we offer are home diagnostic scans, Matterport scans, Drone Deploy scans, scope of work, contractor selection, contractor guarantee, 3D/VR designs, finish alterations, list of materials, and project management. We want to make sure with the help of The Buildsters PDP that you have everything you need to complete your project from start to finish.

2. Types of Scans

There are several types of 3D scans that HardHat offers. The most common are home diagnostic scans, Matterport scans, and Drone Deploy scans. Home diagnostic scans are a visual inspection of your home that includes a 3D scan and a report of any problems or concerns. Matterport scans are a more in-depth scan that captures the entire interior and exterior of a home. This scan can be used for real estate marketing, or to create a 3D/VR model of the home. Drone Deploy scans are used to capture large areas like construction sites or land parcels. They can also be used to create 3D models of large structures.

3. Cost of HardHat Scans, Photography, and Drone Shot Monthly Subscriptions

We have 3 types of subscriptions for our services, Silver, Gold, Platinum…

Silver: Our Silver membership consists of 5 (1,500 Sq/ft) interior Matterport scans a month for $3,000 as well as 15% off any additional services you may like to add on.

SAVINGS: $2,000

Gold: Our Gold membership consists of 10 (1,500 Sq/ft) interior Matterport scans, 10 2-dimensional renderings, and a total of 10  property interior photo shoots a month for $6,000 as well as 25% off any additional services you may like to add on.

SAVINGS: $7,500

Platinum: Our Platinum membership consists of 10 (1,500 Sq/ft) interior Matterport scans, 10 2-dimensional renderings, and a total of 10  property interior photo shoots, and 10 incoming drone shots a month for $7,500.</h2h5

SAVINGS: $9,250

4.How much do the individual services cost

1500 Sq/ft interior Matterport scan costs: $1,000

2D Rendering: 75$ when bought with matter port scan

Interior Photography Shoot: $300

Incoming Drone Shots: $300

At HardHat, we believe that everyone should have access to high-quality 3D scans. That’s why we offer a variety of services at an affordable price. The cost of a 3D scan depends on the size and complexity of the project. For example, a 1500 Sq/ft interior Matterport scan typically costs $1,000. If you need a 2D rendering of your scanned project, that will cost an additional $75 (which must be bought in conjunction with the interior Matterport scan). Additional services, like interior photography shoots, and drone shoots are also available at $300 a shoot. Every additional 100 Sq/ft added to the Matterport scan costs $35. We want to make sure that everyone has access to the best 3D scanning technology possible at the most affordable costs !

  Conclusion:

Thanks for reading! We hope this article was helpful and informative. HardHat Investments offers a wide variety of services and we want to make sure you are aware of the cost and what is included in each scan. If you have any additional questions, feel free to contact us directly and we will be happy to help.

The post How Much Does a HardHat Real Estate 3D Scan Cost ? appeared first on Hard Hat Investments.

Introduction:

A kitchen backsplash is a great way to add personality and style to your cooking space. Not to mention, it can also be a great way to protect your walls from spills and splatters. If you’re thinking about installing a backsplash in your kitchen, you’re probably wondering how much it will cost. In this article, we’ll give you an idea of how much you can expect to pay for a backsplash installation.

1. Why install a backsplash?

A backsplash is a great way to add some personality to your kitchen and also protect your walls from food and grease stains. But perhaps the best reason to install a backsplash is that it’s a great way to increase your property value. A well-executed backsplash can be the crowning glory of your kitchen remodel and set your home apart from the competition. So, if you’re thinking about installing a backsplash, be sure to budget for it!

The cost of installing a backsplash depends on the material you choose and the size of the area you want to cover. Generally, the cost ranges from $75 to $200 per square foot, but not through HardHat Investments, LLC…

2. How much does a backsplash installation cost?

 A backsplash installation can vary in price depending on the material you choose. For example, we charge $22 per Sq/ft for ceramic tile, $27 per Sq/ft for stone, and $32 Sq/ft for glass.  

3. Factors that affect backsplash installation cost

Several factors will affect the cost of your backsplash installation, including the material you choose, the size and shape of the backsplash, and the complexity of the installation, labor and materials. Stone and glass are both more expensive than ceramic tile, for example, and a intricate backsplash with lots of curves and angles will be more difficult to install and will cost more

4. Types of backsplashes

When it comes to backsplashes, there are a variety of materials to choose from. Ceramic tile is a popular option because it is durable and easy to clean. Stone is another popular choice, as it is both beautiful and durable. Glass is a stylish option that can add a touch of elegance to any kitchen. No matter what type of backsplash you choose, HardHat Investments, LLC will install it with precision and care.

5. How to choose the right backsplash for your kitchen

When it comes to backsplashes, there are a variety of materials to choose from, each with their own unique benefits and drawbacks. Some of the most popular materials include ceramic tile, stone, and glass. It’s important to have a PDP and to choose the right material for your kitchen. There are many options, but some of the most popular include subway tile, herringbone, and chevron. Once you’ve chosen a pattern, you’ll need to decide on the material and color. Subway tile is a classic choice that never goes out of style, while herringbone and chevron patterns add a touch of elegance to any kitchen.  If you’re looking for a unique and stylish backsplash, HardHat Investments LLC is here to help. With a wide selection of designs and materials, we’re sure to have the perfect backsplash for your kitchen. Our experts will install your backsplash with precision and care, ensuring that it is both beautiful and long-lasting.

The post How Much Does a Backsplash Installation Cost? appeared first on Hard Hat Investments.

In most cases, when you hear about a building being torn down, that’s usually the end of the story. However, what if there was another way to breathe new life into these structures? With a real estate scanning service like ours, it’s possible to not only capture a three-dimensional image of a property but also to see it in virtual reality. This can be extremely helpful for those looking to re-purpose a building, whether for residential or commercial purposes.

1. What is a 3D laser scan?

A 3D laser scan is a process that captures a three-dimensional representation of a real-world object. It does this by projecting millions of laser points onto the object and measuring the distance between these points. Using this data, a computer can generate a complete 3D model of the object. This model can be used for anything from engineering and architectural design to real estate development and property management. In addition to the 3D model, a 3D laser scan also produces a two-dimensional schematic floor plan of the scanned area. This plan shows the layout of the building and can be used to track the progress of a renovation project.

2. What are the benefits of a 3D laser scan?

A 3D laser scan offers a number of benefits for real estate projects. Perhaps the most obvious benefit is that it produces an accurate, point-cloud representation of the property. This can be used to create plans and drawings for the property, and it can also serve as a source of truth for determining whether there will be clashes or conflicts between the plumber, the electrician and the AC guy. In addition, a 3D laser scan can help you better visualize the property and make better decisions about remodeling. And if you’re not ready to buy a 3D scanner but you still want high quality scans and drawings for your real estate project, contacting a local, professional 3D scanning service  like HardHat Investments, LLC is a good way to go. Finally, a 3D laser scan can help you sell the property and potentially make you a lot more money.

3. How can a 3D laser scan be used to re-purpose a building?

A 3D laser scan can be used to re-purpose a building in a number of ways. Most importantly, it helps to keep everyone on the same page during the remodeling process. There can be a lot of surprises during a renovation project, but with a 3D scan, those surprises can be eliminated. You’ll have a complete understanding of what the end result will look like, and our partners Multitaskr and The Buildsters will be able to use our Matterport scan to create a 3D model of your completed project. With their help, you’ll be able to experience your remodeled home in virtual reality!

4. What are some examples of projects that have been successfully re-purposed with a 3D laser scan?

One great example of a project that was successfully completed with the help of a 3D laser scan is the renovation in San Antonio, Texas. The home, which was built in 2004, was acquired and scanned. Using the scan data, they were able to create an accurate and detailed as-built 3D model of the property. This allows them to plan out and execute the renovation project efficiently and without any clashes or conflicts. The final virtual product was a stunning restoration of a piece of history.

5. How can I get started with re-purposing my own building with a 3D laser scan?

The first step is for our company, Hardhat Investments, to do a Matterport scan on your property. This will provide us with all the information we need about the building—its dimensions, its shape, what materials were used to build it, and so on. Once we have this data, we’ll work with The Buildsters to create a perfect project development plan. They’ll manage the entire renovation process for you, from beginning to end, and you’ll have access to our project management tool, fund control, and permitting so you can keep an eye on the progress of your property. We also guarantee our contractors’ work, so you don’t have to worry about any unexpected surprises.

Conclusion:

A 3D laser scan is an amazing tool for re-purposing a building. It can help you see the building in a whole new way, and it can be used to create plans and drawings that will help you bring your vision to life. We’ve had great success with re-purposing buildings using a 3D laser scan, and we know you will too. Contact us today to get started!

The post How to Re-purpose a Building with a 3D Laser Scan appeared first on Hard Hat Investments.

1. Realtors and custom home builders need 3D Matterport scans of their properties to increase interest from buyers.

The use of 3D Matterport scans is becoming increasingly popular in the world of real estate. In fact, a study conducted by National Association of Realtors found that properties with a 3D tour sold for up to nine percent higher than those without. The study also showed that homes with a 3D scan took up to 31% less time to sell. And that’s just the average – in some markets, the difference was even more drastic!

Simply put, if you’re a realtor or custom home builder, you need to be using 3D Matterport scans to market your properties. They’re an essential tool for showing off your work to buyers all across the United States (and beyond). Not only do they increase interest, but they also help close deals faster!

2. 3D Matterport scans give buyers a realistic view of the property, which is essential in the decision-making process.

3D Matterport scans provide an accurate, realistic view of the property. This is essential in the decision-making process, as buyers can get a better idea of what the property looks like and whether it meets their needs. In some cases, buyers may be interested in a property but hesitant to visit in person because of distance or other factors. In these cases, a 3D Matterport scan can provide the buyer with all the information they need to make a decision. Additionally, 3D Matterport scans can help sellers market their properties more effectively. By providing potential buyers with a realistic view of the property, sellers can increase the chances of a sale.

3. Realtors and custom home builders who use 3D Matterport scans see an increase in business.

If you’re not using 3D Matterport scans for your realReal estate is a competitive industry and it’s more important than ever to find new and innovative ways to market your properties. Our 3D Matterport scans offer a unique and immersive way to tour a property from anywhere in the world. And because the majority of home buyers are millennials and members of Gen Z, it’s essential to offer these services if you want to stay competitive. The National Association of Realtors (NAR) report that “among all generations of home buyers, 83 percent of Millennials and 94 percent of Gen Zs would switch to an agent offering these services, compared to 63 percent of Gen Xers.” This is an incredible statistic and it’s only going to continue to grow. Nearly 80 percent of all respondents would switch to a real estate agent offering immersive 3D tours of listed properties. So if you’re not using Matterport’s 3D scans yet, you’re definitely missing out!

4. 3D Matterport scans are an affordable way to increase interest in your property.

At HardHat Investments, we believe that everyone should have access to high-quality 3D scans. That’s why we offer a variety of services at an affordable price. The cost of a 3D scan depends on the size and complexity of the project. For example, a 1500 Sq/ft interior Matterport scan typically costs $300.

We work with many realtors and custom homebuilders and they’ve noticed a large spark in business from 3d scanning. 3D scans are an affordable way to increase interest in your property. They allow buyers all across the world to tour your home remotely, which can help you close a sale faster.

If you’re looking for a way to improve your real estate marketing, contact us today to learn more about our 3D scanning services.

5. 3D Matterport scans are the future of real estate marketing.

There’s no doubt that 3D Matterport scans are the future of real estate marketing. They provide an immersive, interactive experience that allows buyers to explore properties from anywhere in the world. This is a huge advantage for brokers and agents, who can now market their properties to a global audience. Not only that, but 3D scans are also great for attracting new clients and retaining existing ones. In fact, many realtors and custom homebuilders are already seeing a significant increase in business from 3D scans. If you’re not using them yet, it’s time to get on board!

Conclusion:

At HardHat Investments, we believe that 3D Matterport scans are the future of real estate marketing. We offer a variety of services at an affordable price, so everyone can have access to high-quality 3D scans. Our scans are perfect for realtors and custom home builders who want to show off their properties to buyers all across the world. Thanks to our scans, buyers can make informed decisions about their potential property purchases. Contact us today to learn more about our 3D Matterport scans and how they can benefit your real estate business.

All following statistics are from the blog: With 3D Tours, properties sell up to 31% faster and at a higher price. Written By: Linda McNair

February 25, 2020

The copyright of these following statistics don’t belong to HardHat Investments, LLC , some may be edited and shared for the purpose of awareness, and if the content OWNER (written content) of this
post has any issue, we request you to directly message to
this page, thus we sort out the outcome.
Regards, HardHat Investments,LLC

” “We saw our average days on market drop from 30 to 21 days and our average sales price to list price jump  from 93 to 97% within a six month window.” 

– Jay Acker, Real Estate by Design Group, Keller Williams Realty

First Study (Rigorous Statistical Analysis)

Key Results from Preliminary Analysis

On average, listings with 3D tours:

• Closed at 4-9% higher sale price, depending on the market
• Closed up to 31% faster (South market)
• The results are stable over time in the two markets with larger data available

Data

• Total: 143,575  listings, of which 3,935 had a 3D tour (over 90% were Matterport 3D tours)
• Timeframe: November 2016 to November 2019 (each market differed in timeframe)
• Source: Data obtained from MLS databases via extracts
• Location: Four Markets (South, Southwest, Northwest and Midwest)

Methodology

• Multiple regression analyses to test the impact on final sales price and days-on-market
• Additional Variables: Existence of a video tour, number of photographs, number of bedrooms, number of bathrooms, age of home, number of dining rooms, square ft, number of fireplaces, acres, number of living rooms, the existence of a pool, commission rate, days on the market, final sales price.

Researcher

• Kelley Anderson is a Ph.D. candidate studying Marketing at the Jerry S. Rawls College of Business Administration at Texas Tech University. Kelley has over 15 years experience in consumer insights across various companies, such as Golfsmith, Wal-Mart and Stage Stores. Her research focuses on how marketing using digitally mediated environments influences consumer behavior and the overall market. 
• K.T. Manis, Ph.D. is a researcher at the Jerry S. Rawls College of Business Administration at Texas Tech University. K.T. has 10 years experience in hospitality, marketing and event industries. His research broadly focuses on how the interplay between technology and strategy impacts a firm’s competitive advantage.

Second Study (Comparative Market Analysis)

Listings with a Matterport 3D tour:

• Sold 20% faster (less days on market)
• For 4.8% more (higher sale price)

Data

• Total: 700 listings (350 with Matterport and 350 without)
• Timeframe: March 2018 to July 2019 (16 months)
• Source: MLS data obtained via third-party online portals
• Location: Major metropolitan market in the Southern United States

Methodology

• A list of 350 residential real estate properties, marketed with a Matterport 3D model, was compiled. For each listing, the following property features were identified: local neighborhood, zip code, property type (condo/co-op, single-family home, etc.), bedrooms, bathrooms, square footage, lot size and year built. In addition, the following business data was also collected for each listing: listing price, sale price, listing date, offer date and sale date.

• A second list of 350 residential properties, marketed without a Matterport 3D model, was then compiled to be compared against the first group. Using a comparative market analysis (CMA) approach, i.e., expert opinion based on matching property criteria, neighborhood proximity and contemporaneous sales timeframe, similar properties marketed without Matterport were identified and paired with each of the 350 properties marketed with Matterport for comparison and analysis.
• Finally, two key metrics were calculated: days-on-market (sale date minus listing date) and sale-to-list price ratio (selling price divided by the asking/listing price). These were calculated for each listing and then averaged across the first group as well as the second group. These averages were then compared to reveal any differences between how long a property took to sell and as to whether it sold for more or less than the asking price, if marketed with a Matterport 3D model.

Researcher

• Sebastian Diessel is a real estate technology consultant with 20 years of experience across the Boston and San Francisco markets. Diessel was the founder and former co-owner of LoftsBoston.com, an industry-pioneering, real estate marketing platform focused on the live/work loft market in Boston.”

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