The ways in which we do business are going through an evolution. Have you ever sat down and thought why this is?
Is it just that new real estate technologies have been created to speed up trade and business? Yes, quite simply and easily, the answer is yes. But why? The aims of businesses around the world are to bridge consumers to themselves, so there’s never a communication hiccup and or loss of information. Spreading across the world is a wave of consumer demand for more and more information readily available before they make a purchase.
When you’re better informed you make better decisions. That’s why technology is designed to be complex yet easily usable for professionals in all manner of industry.
At no other time in human history have we all been wealthier and have a better standard of living than right at this moment. More and more people are now looking to get on the property market. They want to start families and be surrounded by the best amenities, so their children are never starved of anything.
The property market has been, is, and always will be a prosperous industry that rakes in huge amounts of profit every single year. How has technology been implemented to help speed a purchase along?
Buying a home is incredibly laborious. It’s one of the biggest if not the biggest expense in our lives that we will go through.
Ranging from the hundreds of thousands of dollars to the millions, our home purchases are the single most stressful purchase. What if a home is too far away, but you’re still interested? What if you can’t make the journey on the one day that you’re free to go see if it’s a good as the pictures suggest? Real estate companies are now incorporating technology that was originally intended for the video game industry. VR which stands for virtual reality is making its way into the offices of real estate companies around the world.
What first happens is companies go to each home in their inventory and video record every room. It can be done in the traditional way by holding the video camera up at eye height, and opening each room door, and doing a brief tour counter or clockwise.
They can look up and down to get the seating, windows and walls and other things such as fireplaces in the shot. And back out the room they go. Or the use of a 360-degree camera is employed. Simply fix it atop a tripod and allow it to circulate the room, recording everything.
Oculus Rift is a virtual reality technology company that makes a combination headset, that you simply wear over your eyes and eyes. And through their video player, real estate agents load their videos, and the wearer experiences the record tour as if they themselves were in the home.
This allows people to experience each room, the garden, extensions, the basement, loft and garage without ever leaving the office or their own home.
As green as the money saved
There can be no doubt that green technology will soon begin to devour our homes. In the next decade and beyond we will see a large shift in how modern apartments and homes are built. Up until now, green technology has always been an afterthought.
Hence the technologies that have been used aren’t that attractive to many homeowners because of the price of installation and relative effectiveness. However, designers and developers of property such as MEP Engineering take pride in incorporating such technologies into the internal workings of their projects.
Solar water-heating systems are great for multiplex apartments as the area for the solar panels can be large and therefore more effective. It can save money for both the landlord and the tenant by simply using the sun to heat the water for people’s showers, baths, and sinks.
Rooftop wind generators is another technology that harnesses natural forces to generate electricity. In much the same fashion and fact usually, side by side with solar panels, these wind generators are efficient for high rise apartments.
So how do these engineering and technology accomplishments speed up the process of purchasing for clients? Well ask yourself, would you rather live in an apartment with fewer electricity costs or more? The property that can boast the greenest technology will simply be more popular with customers than apartments only powered by fossil fuels.
The virtual mortgage
Going through the endless lists of mortgage options is not very fun at the best of times. Wading through the mud, it’s a slow, time-consuming task to try and find the mortgage that suits you personally. Many times this is what stops the purchase dead in its tracks because essentially you’re paying for the home with money you don’t have yet.
So you want to be able to take one step at a time, rather than one step forward and two steps back. Speeding up this process using modern technology shoots you off toward a list of potential hopefuls in mere seconds.
Habito is a service that allows you to shop for mortgages to exact specifications online. It’s powered by an algorithm that does the searching for you, with keywords, numbers, locations, options, packages and various companies as well as banks.
It’s also FCA authorized. It covers the entire market available at the time of the search, and as a business, it takes feedback from users seriously to help improve the service. And here’s the catch; there is no catch as it’s completely free to use.
3D vision planning
What if you could see your floorplans come to life in 3D? The issue with 2D floor plans is that everything on the paper is crowded and therefore a battle for space occurs.
Even though you might have an expert who has been modelling homes for many decades, their plans are difficult to understand for someone who has no knowledge of the business. No matter how much they explain, imagining it in your mind takes a fluid and formless to vision.
A company by the name of GeoSLAM has developed a technology that computerizes your floor plans and brings them to life in 3D. You can see all your measurements, sizes, spaces and flow of any room you want. By mapping the information you and the designers decide, the model itself will show you what your vision actually looks like.
So before you give the green light to your construction team, it’s in your best interest to see what works and what would cause issues. The handheld award-winning laser scanning technology addresses modern concerns such insulation and heat escape. Therefore you can visualize how modern practices would affect an old home which you’re renovating.
Real estate is an industry that must cater toward all kinds of demands from customers. One of them now being logistical flexibility. Not everyone can miss a day of work to come view a home after a long journey. So being able to step into the property they’re interested in, without having to go physically, can save them time and give them more of an opportunity to think it over.
Getting approved for a mortgage sitting at home at the dining table or laying on the sofa is another step forward to breaking needless processes.
Connecting customers to properties, they could potentially buy by the use of innovative technologies means the market is much more fluid and exciting. It also gives investors something to think about as properties that are being sold by companies that use such practices may not just sell quicker, but for a higher price too.