4 Real Estate Tour Technologies to Adopt In Your Business This 2020!

4 Real Estate Tour Technologies to Adopt In Your Business This 2020!

Ready to take your real estate tour to the next level this year 2020? Gain a competitive edge against your competitors as you apply these new emerging trends to your marketing strategy next year. Let’s take a look at these state-of-the-art technologies and how it’ll help innovate your real estate business.

Big Data

Whether you are selling your real estate properties or currently using them for rental business, big data helps in determining your customer’s buying intent. According to experts, the huge quantitative data collected from your purchase history as well as other real estate platforms provide a predictive analysis report.

A sample of this report includes Airbnb analytics where it lets you determine your customer's purchasing behavior, trends, patterns. Big companies like Amazon, Facebook, Netflix, and Uber also applies the same technology. Fortunately, our real estate CRM also uses big data technology to fetch information and generate reports. You can use this report to evaluate your real estate tour marketing plan periodically.

Virtual Real Estate Tour

If you haven’t already, we recommend you start incorporating 360 virtual tours in your real estate business. This technology helps prospective buyers and renters to inspect properties anytime and anywhere they want. A virtual real estate tour gives you and your clients the convenience you both need.

real estate tour
Most customers love the virtual tour because it lets them inspect their potential properties anywhere they want.

You don’t have to waste time syncing your schedules for an on-site visit. Your clients can just visit your website link and have a thorough virtual tour of your properties. Studies show longer time spent on your virtual tours also increases your chances of sealing the deal.

Cloud Technology

Virtual tours, big data, real estate CRM tools. What do you think is the common denominator among the three? Most technologies nowadays rely on cloud technology to store their data and information. Cloud-based technologies nowadays let you streamline your business and store and access data wherever you go. Gone are the days where you need to keep a physical copy and transmit it manually to your clients and team members.

Likewise, it helps your clients streamline their application process since you already save their information online. The lesser paperwork you have, the more customers are likely to make transactions with you. Studies show most customers got turned off in buying real estate properties because they don’t want to deal with the hassle of paperwork.

Real Estate Bots

As you streamline your real estate business, make sure to upgrade your customer service too. Don’t just leave your customers hanging after making a transaction with them; especially if they need your help or assistance. One way of making sure you attend to your customer's needs 24/7 is by installing real estate tour robots.

You can install chatbots and a 24/7 ticketing system for your business. The bots can handle general inquiries that don’t need you or your team member’s personal attention. For custom inquiries, you can forward it to your customer rep or personally handle it to solve the problem. Increase your chances of customer retention and loyalty by always addressing their concerns without wasting your time.

Internet of Things

Nowadays, customers don’t only want a normal real estate property. They also want to make sure their property is safe from possible theft. That’s why they’re looking for smart home properties where they can monitor their house 24/7 whenever they’re away. Not only that, but they also want the internet of things technologies like energy efficiency and predictive maintenance.

Conclusion

There’s no doubt most people nowadays utilize technology to make their real estate home purchase convenient and comfortable. Want to start incorporating these technologies in your real estate business to step up the game? We offer a 360 virtual tour for your real estate listings.

Read more
Study Shows that Young Homebuyers Rely on Technology for Virtual Tours

Study Shows that Young Homebuyers Rely on Technology for Virtual Tours

Younger buyers are using technology to buy new homes. This has changed the impact of technology. Michael Booe of Helen Adams Realty said that younger buyers often want to speed up the process. They do this by accessing 360 virtual tours using their mobile phones. He added his observation that people are now making property purchases using Facetime with real estate agents.

For tech-savvy clients, the real estate sector is still so analog. It has still remained as a relationship-driven industry, Booe continued. Amazon aims to facilitate these relationships through a platform it has created with the program known as Turnkey. This is made possible in partnership with a brokerage company called Realogy.

Kohleen Nornes of Coldwell Banker said that the buyer benefits from this by enjoying the services of a personally selected real estate agent.

Once they close the deal on a new home, buyers can enjoy up to $5,000 worth of smart home gear and services from Amazon. Example of these are unpacking and installation that are free of charge. This particular deal boosts Amazon’s goal to become the online destination for all kinds of purchases.

A comfortable spot for everyone.
Photographer: ROOM | Source: Unsplash

According to a 2017 survey by Redfin, about 47 percent of millennial buyers made offers for homes without seeing them in person. The National Research Association, on the other hand, revealed that the buyers aged 36 years old and younger represented the largest percentage of the total homebuyers, which is about 34 percent of all purchases.

Millennials and the older generation start their home purchases by doing online searches. They are willing to go to the next step and this is what fintechs are taking advantage of. These companies have already started rolling out virtual tours, live streaming of open houses, and speedy mortgage applications online.

Virtual reality tours have become popular among younger buyers. Coldwell Banker Real Estate polled around 3,000 US adults regarding their level of interest in the use of virtual tours. The study revealed that 77 percent of the survey respondents want to view a VR before visiting the site while 84 percent want to view video footage of the property first.

About 68 percent of the respondents want VR to see how their current furniture will look in the property. Sixty-two percent of them said that they want to deal with real estate agents who made VR technology available for them to use.

Virtual tours are a necessity in today’s real estate 360 marketing techniques. Learn more about its uses and benefits by checking Virtual Tour Easy.

Read more
4 AI Trends Real Estate Brokers Must Use

4 AI Trends Real Estate Brokers Must Use

Artificial Intelligence (AI) or the simulation of human intelligence using machines has slowly become part of everyone’s daily lives. That’s why we talk to Alexa, we drive smart cars, receive recommendations for movies and music on our smart devices, and play video games against computers. There is however a lag when it comes to real estate property selling and buying.

Real estate is considered as the largest asset class in the world. It has contributed a whopping amount of $3.5T to the US GDP. It’s good that now there are signs of AI application in buying and renting homes and offices.

The following are the top AI trends that real estate brokers must know by heart:

Alexa

According to a new study, about 48 percent of buyer inquiries don’t get responded to. An agent’s average time of response is 917 minutes. Another study, on the other hand, showed that buyers considered responsiveness as important. This is why brokers usually take turns in answering queries, but there are instances when no one is available to take inquiries. That’s where Alexa is needed, to respond to queries 24/7.

An Austin-based startup called Ojo Labs raised the amount of $71M to set up a chatbot for real estate that can answer queries on information regarding listings through text messaging. Some people are having second thoughts about chatbots due to their inability to answer open-ended questions. Ojo Labs also acquired WolfNet to improve its algorithm. Their competitors are Kelle and Structurally.

Zero Paperworks

Benjamin Franklin said that time is money. This is especially true in real estate. It takes time for a realtor to enter information about the property such as lighting, the number of rooms, location, room types, etc. This can be resolved through the use of Restb.ai. This is an AI that can automatically input information about a property based on its photos.

This tool has 30+ home scenes, 30+ high-value home features, and 16 architectural styles to classify images. This saves time and enhances the convenience of storing and accessing property information.

Leverton a start-up that is based in Berlin invested $17 million is now able to extract information from contracts, leases, and corporate documents. The broker simply uploads the documents, and AI extracts information such as rent charges, allowing brokers to find information faster and more conveniently.

Crystal Ball Prediction

It would be easier if real estate agents can easily predict who is going to list or buy a property soon. Rex is an LA-based startup with $70M in funding. It uses AI to predict buyers who are more likely to buy specific homes. It sends out targeted as to those who it considers as possible buyers. Based on the clicks, the same customer segments will be sent ads in the future.

A North-Carolina-based startup First with $7M in funds started using AI to analyze contracts and how these contracts are likely to sell in the following year. During the pilot period, First predicted more than 1,800 homes that are listed.

Reevaluate is another startup that can predict the individuals who are likely to move in the next 3 to 6 months. The company claims an accuracy rate of 36.4% as it analyzes over 200 data points based on information from spending habits and data news.

Virtual Reality Tour

A virtual reality tour can help any buyer envision the property listings of any real estate broker. A buyer can now see the internal and external views of properties using 360-degree views. This technology provides the buyer with the experience of walking through the listing, using only any mobile device or computer. This aids in their decision to buy or rent a property.  

AI is not meant to replace the real estate brokers. They are here to make them more efficient. AI ensures property buyers the ultimate experience. If you want to know more about the impact of a virtual reality tour for your business, you may visit our website –Virtual Tour Easy.

Read more
Rental Agencies Use VR When Viewing Apartment Units

Rental Agencies Use VR When Viewing Apartment Units

The real estate industry makes use of multiple technologies to streamline the procedures involved in renting a property. Real estate agencies allow prospective customers to view their properties or apartment units without anyone from the agency. This move is supported by the Land, Infrastructure, Transport, and Tourism Ministry. The Ministry also allows crucial details and other issues that are relevant to rental contracts to be discussed using a video conference instead of face-to-face communication. This was the method used for completing 37,000 contracts by the end of March. The ministry also started to allow sending contracts and other paperwork through email in PDF form.

An official of the Ministry said that they are doing everything to avoid fraud which includes the use of private-sector digital signature services. The Ministry is also aiming to revise the Building Lots and Buildings Transaction Business Law for contracts to be concluded by using only digital files.

An event that is related to rental housing took place at the Tokyo Big Sight in Koto Ward, Tokyo during the end of July. At the tech company Nurve’s booth, the real estate people were connected to the box-shaped VR devices for inspecting the interior of a property located remotely.

Almost 4,000 real estate agencies have introduced the use of the VR preview services. Mitsubishi Estate Co. has also launched a VR service for its group rental properties so that customers don’t have to visit the real estate office personally.

Customers reserve online for viewing a property through a virtual reality tour. They can use the smartphone to get into the property. It comes in a self-service means that requires nobody from the real estate company. Potential renters will be able to check out the properties even on a weekend or holidays when the agency is closed.

Tablets are put inside the property for visitors to have access to information about the property and other related matters. Cameras are also installed to record the property’s interior to prevent problems. There are further initiatives implemented in the real estate industry that are intended to enhance customer service and promote reforms on the style of work through enhancing efficiency.

You can create your own virtual reality tour now. Visit Virtual Tour Easy for more details.

Read more
Top Ten Reasons to Produce Virtual Tours as a Residential Agent

Top Ten Reasons to Produce Virtual Tours as a Residential Agent

A virtual tour is not merely a digital trend to use for any type of business. Most property buyers consider real estate tour a must-have before they decide to inquire about any property. Most buyers also select properties based on online research. There are 10 reasons for real estate agents to use a tour builder in their practice, and these are the following:

1. Secondary Viewing

It’s best to use a virtual tour for every listing. This will serve as a strong sales material that can be sent along with the brochure. It’s not easy for the property buyer to keep on returning to the property to check it. So to save time and energy, buyers can just visit the virtual tour over and over again until they can finally decide to purchase it.

2. Online Rental

The world is more fast-paced than before. A large group of people relocates from one place to another to work or to study. For instance, in London, about 200,000 students move from China to London every year. Most of the time, these students have not been to the UK ever, yet they have to book their rental properties in advance. This is why they are dependent on online means. Virtual tours can facilitate the online process whether it is for renters, investors, sellers, or buyers.

3. Lead Generation

Lead generation is faster with the help of a virtual tour. It is also possible to use artificial intelligence by setting up chatbots for the communication to start right after the buyers’ attention is caught. It’s possible to generate a lead card by the time the virtual tour ends, and it will be sent to the agent directly.

4. Better Service for Customers

It’s always a must to respect customers. The agent has the responsibility to show the buyers what the property has to offer. Being pushy is a sign of disrespect. A virtual tour will enable you to step back and let the virtual tour do the talking. Most buyers are particular about being in control of the decision as regards the property and on the quality of experience they have when checking the property. A virtual tour will be able to provide them all the control and personal space to decide for themselves.

5. Reduce Useless Viewing

Agents have been reporting about 30 to 70 percent decrease in wasted viewings due to the virtual tour. It may not be easy to get quantitative data on the impact of a virtual tour, but it is obvious that applicants will be able to view properties online, visit only those that they are interested in, and be able to close deals faster.

6. Efficient Reporting to Owners for Rental Properties

Virtual tours can be used as part of the inventory report at the end of tenancies. They can provide extra insights which can provide evidence in case of any dispute. Photographic evidence has always been considered supporting collaterals in inventories and dilapidation schedules.

7. Be Able to Win More Listings

Any real estate agency aims to acquire new properties to market. An agent makes it a point to be different from competitors. Any kind of service that will make an agent stand out from the competitors will be able to secure any important listing.

Source: propertybase

8. Be Able to Show the Property to Everyone Important

Buying a property does not entail only one decision-maker. Usually, the buyer needs to ask for the decision of the husband, wife, children, or parents. It will be difficult to bring everyone during the in-person viewing. A virtual tour will allow everyone to view the property without multiple viewing sessions which will save the agent’s time and increase the likelihood of a sale.

9. Innovation

Real estate is not that fast in digital transformation, yet there are certain changes. The best real estate agencies are into each of their technological journeys. A virtual tour software is easy to implement and affordable tech solution. That’s why it’s always beneficial to innovate.

10. Content Marketing

Content has always been king in marketing. Virtual tours can present top-quality, high-level content. The overall value of providing attention-catching and tech-laden content has a great impact on several aspects of the business. A restaurant website that offers a virtual tour of its menu and location may likely have more clients than a site that only offers static images. That in itself is proof of content power.

If you like to know more about creating a virtual tour for your own company, check Virtual Tour Easy for more information.

Read more
Virtual Staging Do's and Don'ts for Real Estate Professionals

Virtual Staging Do’s and Don’ts for Real Estate Professionals

According to a report done by Redfin, 90 percent of home buyers look go online to view the properties they intend to buy. The report also added that 20 to 35 percent of the buyers make an offer for properties they have not even set foot in. This has made virtual staging a popular tool for sellers and agents to drive traffic to property listings that may otherwise be vacant.

There are best practices that can turn the process into a smoother one from a technical and ethical perspective. For instance, you need to be aware that adding more than furniture to the setup can cause problems. It is ethical for the photos to reflect the actual look of the property.

How to Take Original Photos

Make sure that you provide the stager with high-resolution photos to be used for the staging. This will make sure that the photos can be used in different formats for both online and offline applications.

Don’t use photos that are low resolution or those taken with a cellphone. This won’t be able to produce a high quality virtually staged product or a photo that can sell the property well.

It is necessary for you to hire the services of a professional photographer who knows how to set up the right lighting, take photos from the right height, and produce photos that show the accurate balance between floor and ceiling leading to the best results.

Ask the professional photographer to take the chest-level of the rooms to be staged and several other angles. This will give the stager good-quality base photos to work with. Each photo has to strike a balance between the ceiling and the floor which will make it easy for the stagers to add appropriate furnishings. In the end, the home has to be photographed as if it were already staged or decorated.

It is not wise to take photos on your own. You are better off hiring a professional. Poorly captured photos may make the furnishings cartoonish and unprofessional, having incorrect or inaccurate lighting, and not placed in the correct angle. There are many things to consider in virtual stagings such as building codes, traditional heights of furnishings and the rooms, standard measurements, and other design elements and factors. It is also necessary to possess a top-performing software to use in producing appealing photos of beautifully staged homes.

Understanding the Best Applications for Virtual Staging

Virtual staging may be used in rooms that have unique and unusual spaces that can be used as a fitness room, play area, game room, etc. Such rooms need more specific furnishings. Outdoor spaces are also great for virtual staging.

It’s not wise to throw away the vacant photos. These photos can be used to show the “before” and “after” staging photos. These photos can also be used to show two different spaces, one as a bedroom and another as a game room.

Virtual staging is a budget-friendly tool that only costs a fraction of the cost involved in traditional staging. Traditional staging costs $2,500 while the virtual version costs only $225. Virtual staging services are often paid by agents just like a virtual tour, drone videos, and 360-degree photography. A hybrid approach may also be used; it’s a combination of traditional and virtual staging processes.

Disclosure and Ethics in the Practice

It’s important to disclose to agents and buyers that the homes have been staged. The best place to do this is on the MLS listing. This is a good way for the information to be relayed to the aggregators you are interacting with. There are also those that brand the staged photos to avoid any kind of confusion.

It’s not smart to hire companies that do virtual staging by moving walls, adding paints, or changing the flooring and its color. These are already part of architectural rendering which is required for remodeling or designing a space. Virtual staging involves the placement of digital furnishings and decors into the photos of spaces in the property.

Virtual staging must also not be used to hide the flaws found in a property.

Use of Photos for Marketing

Make sure that the home is virtually staged before it is listed. The first two weeks when a listing is out online are important to creating a good impression. That means that from the very start the virtually staged photos must be appealing.

You may think outside of the box when it comes to using the photos of virtually staged rooms. They can be integrated into flyers and brochures for maximum impact. It is also possible to print and mount hard copies of the space to give the buyers an idea of how the room can be furnished.

Virtual staging, like a virtual tour, is a must for any property listing. If you want to get started on a virtual tour, sign up on our website!

Read more
Real Estate Marketing for the Millennials: How to Sell a Home to the New Generation

Real Estate Marketing for the Millennials: How to Sell a Home to the New Generation

Millennials are now the largest portion of the population; they have surpassed the baby boomers. According to the National Association of Realtors, this generation has not been given the attention of realtors. This has to be changed for 37 percent of home buyers belong to the millennial generation.

According to the 2019 Home Buyers’ Report, 84 percent of millennials consider owning a home as part of the American Dream more than getting married and having children. This is why it is crucial for realtors to know what this population wants to tap into their market.

What Do They Look for in a Home?

Not all of the millennials prefer to buy a home. The important thing to consider is the type of home that they are interested in. Most of those who plan to buy homes prefer the suburban areas instead of urban areas; but for those who plan to rent, they prefer cities.

According to the National Association of Home Builders, about 3/4thof millennials who prefer to buy homes want a single-family home, 52 percent prefer two-story homes, and 78 percent prefer to have an open concept home. This is a tech-savvy generation and they want modern features such as sleek kitchen and laundry units, appliances, and entertainment areas.

What Appeals to the Millennials?

Technology is something crucial to millennials. They use it for everything they need and even in their search of a home. There are several factors to include such as the right real estate agent, Google Maps, crime rate, the neighborhood, and amenities that enable socialization.

The following are some of the tips to connect well with millennials:

Stay Active on Social Media

The following are some of the platforms that are important for agents to represent themselves: Twitter, Facebook, and Snapchat. Don’t just create a profile, you have to engage with the users. Use hashtags for key terms, your company or property, and the location. Don’t forget to post your new listings.

Set Up a Website or a Blog

Millennials conveniently log on to search online for anything they need and that includes a residential property. The National Association of Realtors stated that 94 percent of millennials use sites to look for homes to buy and 51 percent of those who actually buy the homes they found online. If you already have a site, you can add a blog section where you will be able to discuss trendy topics such as home-ownership, home buying, and home maintenance tips. You may also focus more on the technological aspect. Make sure that the site’s aesthetics is futuristic and also ensure its mobile responsiveness to make sure that the site can be accessed in all mobile devices. You may also add a chatbot on the site.

Photographer: Priscilla Du Preez | Source: Unsplash

Don’t Miss Out on the Technological Tools

The millennial generation is so keen on the use of technology. It’s better to offer them interactive 3D content. Through the creation of 3D content such as a virtual reality tour or 360-degree pictures, you can enable buyers to tour the property and focus on areas they are more interested in without having to be there physically. Augmented reality is also contributing to image recognition and GPS. Realtors can use mobile proximity marketing which enables them to be informed when a potential buyer is near your listed property.

Come Up With an Event Instead of the Traditional Open House

Going to a traditional open house is both boring and awkward especially for millennials. The best move is to hold an event with DJs, hor's d’ oeuvres, and even some outdoor activities while physically touring the property. This is a great way to mingle with everyone especially because millennials love social events. Doing this with a virtual reality tour to complete the picture will be a great motivator for millennials.

Learning to market to the millennial generation serves a great investment for the future. There are many options for you to market to millennials based on what they want, but you can start by learning how to communicate with them. Start by creating your first virtual tour today! Sign up on Virtual Tour Easy for free!

Read more
Virtual Staging Adds Real Impact to Multifamily Marketers

Virtual Staging Adds Real Impact to Multifamily Marketers

To provide a realistic sense of a home or an apartment unit’s potential, it is important to ensure virtual staging. Multifamily developers try to rely heavily on this tech-driven method to set them off from the residential properties. Virtual staging requires the integration of immersive elements and 3D components. There is a long list of techniques to choose from when it comes to real estate marketing, but most marketers choose augmented reality and virtual reality.

Augmented reality is expected to become a $133.78 billion business by the year 2021. Virtual reality and augmented reality enable renters and property buyers to visualize the property they want to buy. According to the National Association of Realtors, 77 percent of the buyers expressed that it was easier for them to buy a home by going through staging by virtual tours.

The following are some of the best benefits of virtual home staging:

Allowing for More Interactive Experiences

The usage of virtual tours and augmented reality in virtual staging is high. These enable property buyers to have a more realistic experience of the properties while the developers can bring virtual staging to a higher level. It enables future owners of the property to walk around and experience the property personally.

Buyers can also shop while virtually roaming around the property by clicking on the furnishings and properties that they can find while on tour. Virtual reality and augmented reality enable multifamily marketers to showcase their portfolios to diverse markets.

Can Help Cut Cost

Virtual staging helps increase profits from real estate properties. It also aids in cost-cutting. Physically staging a home can be expensive. With virtual staging, it only costs as much as the furniture being delivered. Virtual staging can also replace the model units which can be rented or sold to add more to the profits. The average amount of expenses reaches $20,000 to $24,000. This is based on the monthly expenses of renting a one-bedroom unit as a model.

Many Staging Options Available

Virtual staging is highly scalable which makes it easy for developers of multifamily properties to market various properties, each with unique characteristics and features. Each type of property will be ready for virtual interaction with property buyers. Virtual staging can feature an open-floor concept with minimal designs. Another unit may be more opulent with grand entrances and statement details.

If you are thinking of starting a virtual tour for staging a property soon, you can get a free virtual tour when you sign up to Virtual Tour Easy.

Read more
Newest Technology Trends Shaping Cities in the Future

Newest Technology Trends Shaping Cities in the Future

Thirty percent of the total amount of energy consumed by the world comes from the commercial and industrial structures. It requires smart systems for building construction to help control climate change. Innovations in technologies involving the built environment are slow to come by compared to other industries. Across a lot of regions, cities are trying to test different ways to improve air quality, reduce traffic congestion, and to be able to supply clean and sustainable energy to the residents. The following are the top trends that shape the future of the built environment as discussed by experts in the field:

Pop-Up 3D-Printed Houses

3D printing is the more affordable, faster, and a highly innovative means of building in the construction industry. It is not impossible to see 3D printed houses becoming mainstream in the next few years. Using 3D printing, construction time could be cut short by hours to weeks. Customized components are likely to become cheaper as well. The best advantage of 3D printing is that it allows for more temporary and flexible accommodation. The idea is for people to be able to build homes in 24 hours and stay there for a couple of years. In 2018, the technologies construction company Icon came up with the first 3D-printed home in the US. This year the company aims for a first 3D printed community.

Co-living and Co-working Spaces on the Rise

Co-working and co-living spaces have been revolutionizing the property market. This sharing economy has been constantly on the rise. Many service tenants and buyers are always looking for more flexible and affordable residency options. When it comes to the co-living market, real estate startups have been dominating it. These startups are known as Proptech companies. These companies develop space-efficient, tech-ready, and affordable for professionals and students who prefer co-living. The whole process from booking to generating a contract is done online. This means that anyone can simply book online and move into a flat share. Utilities and Wi-Fi are included in the setup.

One of these Proptech companies is Medici. Medici offers an apartment and hotel hybrid units which can include en-suite bedrooms with kitchens, laundry areas, living areas, gyms, and workspaces that are communal. Buildings erected by Medici have weekly networking events and an app that residents can use to book comprehensive services and use smart-living technologies. Another company WeWork offers super sleep workspaces in Manhattan including all amenities from IT services and coffee. This follows the community model which enables tenants to network with entrepreneurs and innovators.

Electromobility for Smart Cities

Berlin is a smart city and it has committed to let out 1 million electric vehicles on the road on 2022. You can find electric cars around Berlin with different charging stations around the city. You can easily find e-bikes and e-scooters around Berlin. E-buses are also currently tested. Electric vehicles offer drivers cleaner and more affordable transport particularly when cars are charged with renewable energy. Smart cities are also encouraged the electrify public transportation.

Big Data Use in Building Maintenance

In the next decade it is expected for buildings to run on a digital backbone that can control and measure all the facets of the structure. An intelligent building starts from the construction phase when a sensor is built in each brick which in turn will make the house a data-collection mechanism. This almost translates to automating building maintenance. You can easily notice when a new roof or certain parts of the house will be rebuilt. This technology can also be extended to cities that use data for revolutionizing their spaces. Sensor data can help control almost anything from monitoring parking spaces, full trash bins, and intelligent streetlights. Cities may also have automatic irrigation and transportation systems.

Photographer: Jonathan Chng | Source: Unsplash

Eco-friendly Smart Buildings

An eco-friendly smart building today is nothing like those in the past. You can find buildings that can purify the city air and housing developments that create more energy instead of simply consuming it. Smart buildings have some common elements such as intelligent energy systems for controlling temperature, security, and air quality, recyclable construction materials, and renewable energy sources. Andreas Koster, from Garamantis which is an interactive digital installation firm, said that various buildings in the future will ensure that various sensors are placed in each room. This enables the management to control the settings and maximize the use of energy.

VR Site Visits

The traditional use of pencil and paper in building design is still dominant in real estate but it is slowly changing with the help of technologies such as virtual reality and artificial intelligence. The entire structure of the building can be visited like in its actual physical space through a virtual tour. Virtual Tour Easy enables companies to create a virtual tour in just five minutes. This will enable you to enter the structure, look around, turn your head and head on to the next room. It gives you the complete sensation of being in the building yourself. This is advantageous to property buyers who barely have time to travel.

As a real estate agent, you can use these trends to help build a more productive community. Start by using the virtual tour for your property listings. Contact us here for more information.

Read more
A Highly Advanced Tech That Changed the Real Estate and Construction Industry

A Highly Advanced Tech That Changed the Real Estate and Construction Industry

During the housing market crash in 2008, an entrepreneur plunged into the real estate industry without buying properties. Glenn Sanford started eXp Realty which is the first cloud-based real estate brokerage.

The eXp Realty built its mega-campus virtually with the help of VirBELA. The company showed the impact of a dematerialized workspace. It cut down the cost and also redefined the term “real estate.” After 10 years, eXp Realty already has 14,000 agents across 50 US states and in 3 provinces in Canada without the company setting up a physical office.

Virtual reality and Artificial Intelligence or AI have been working hand in hand to revolutionize the entire real estate and construction industry. That’s why you have flying cities and driverless cars. They are also removing the middleman in the process. A forecast for the global construction industry is for it to surpass 12.9 trillion dollars in 2022. Last year’s total value of the housing market in the US was $33.3 trillion.

Even today, location is still the primary consideration with regard to finding the right property. The limitations of land increased the cost of land, and urbanization has continuously caused problems. Today there are two mechanisms that are known to have been driving the creation of brand-new locations: floating cities and flying cars or autonomous electric vehicles.

Floating Cities

These are offshore habitation hubs. This has been seen as a solution to the rise of sea levels. If this becomes a success, this will entail abundance in real estate, recreation, commerce, education, and scenic living. A good example of this is the Oceanix City which was created by the Oceanix BIG-Bjarke Ingels Group. This would be a galaxy made up of hexagonal floating modules which are built as satellite cities of the coastal urban locations and run by renewable energies.

A 4.5-acre platform can sustain 300 people. The hexagonal modules are linked to the 75-acre tessellations that can sustain up to 75,000 residents. They are anchored to the ocean floor with the use of biorock. Electric boats and flying cars will bring you to work. Meals will be supplied by vertical and outdoor farming. Share economies will provide the goods.

On Sunday, I was exploring my girlfriend’s workplace business centre in Bangsar South City, Kuala Lumpur. Come to my surprise there was nobody in the area and I have my camera with me back in my car. The idea of the photo was initially making her looked like she is dancing in the sky, it was until she was starting to land on the ground I took another chance to take another picture. I find it looked like she is floating in the air, took some edit and this seems to be the best photo I took.
Photographer: Marque Tan | Source: Unsplash

Flying Cars or Autonomous Electric Vehicles

With today’s real estate properties, location is valuable when the property is near the workplace, the best schools, or the business district. This will all change when you have driverless cars that will bring you to the workplace. There will also be autonomous ride-sharing services that will do away with parking problems and will remove you from the steering wheel. You can also choose to go via aerial taxis. Uber has plans of setting up the UberAIR airborne taxi project. By 2023, it will roll out its first drones in Dallas and Los Angeles. Drones flying over the rooftops would be able to accommodate passengers at 1,000 to 2,000 feet at about 100 to 200 mph speed.

The Disappearance of the Middle-Man

Buyers would aim for a continuous and personalized preference-tracking that can only be provided by an AI. Over the next decade, AI will be the agent while VR acts as the medium. Around 98 percent of the home searches would be conducted right from one’s couch through the use of a virtual tour. When you have keyed in all your preferences, the AI will seek for the best fits to your search.

There would also be new construction materials to use in the next decade namely the nanomaterials, upcycle materials, and the self-healing infrastructure. If you want to know more about how VR, AI, and how virtual tours can help you improve your business, you may visit Virtual Tour Easy

Read more
>