Renderings: They Aren't Just for New Construction Anymore...

Yet another article in The Real Deal this month talks about a subject central to our business at Splat. Writing in the August issue, Lauren Elkies notes that the use of renderings to promote existing properties is increasing. There are several circumstances which have led brokers to commission renderings for existing spaces. Sometimes, the property in question is "raw space;" space which is open to custom configuration by the purchaser. In other situations, the unit suffers from poor layout decisions and the rendering is used to demonstrate how slight alterations to the floorplan will result in a more liveable space. Often though, the rendering is simply commissioned because the raw space is, well, just plain not very attractive. Elkies quotes Sharon Held, a Sr. VP at Corcoran, who notes, "I don't know why it hasn't caught on,..." "When it's empty, your eye goes to the worst wart..."

You can catch the entire article here...