Virtual Reality in Global Real Estate: It is a globally known fact that the real estate industry is not doing well at all. If you are someone who has ever bought or sold a property or if you are someone who is in the process of doing, then you know how the year 2019 has treated the industry. But a new technology has entered the block which is displaying a lot of promises for a bright future. I am talking about Virtual Reality (VR) Technology and no I don’t mean virtual games! Virtual Reality has mostly been limited to just video games but now it is emerging as a whole technology. Let’s have a look how Virtual Reality in Global Real Estate sector is changing the dynamics..
A survey has shown that 44% of the people search for properties on the internet first so it is very vital that the real estate industry adapts this new technology to grow their business, clientele and also reduce investment and increase profit. But who does Virtual Reality in Global Real Estate help in doing so?
Basically the Virtual Reality in Global Real Estate provides clients with 3D real life experience of looking at various properties without actually being there in person. When we set out in search for properties, it entails a huge process which is not only time consuming but also costly. First we contact realtors, who in turn line up properties for us and then comes visiting the locations. Now, not all clients have enough time to actually visit each home personally and this is also because not everyone is geographically located at a comfortable distance.
Therefore, by simply putting on a VR headset all these issues can be solved within a fraction of a second. You can be someone who lives hours away from the place you have chosen and can still get a detailed look of the property with the help of this technology. Realtors will list out various properties according to your preference and you can experience a wonderful virtual look of the entire house.
Virtual Reality in Global Real Estate will definitely put the real estate market on the map to a new era. It saves the precious time of both the real estate agents and the clients by helping them in viewing their preferred properties virtually in reality. All you need is a VR head set and you are good to go. It makes life easier for both the agents, renters and buyers. I know that the basic question of how expensive I is this technology will arise in your minds.
Let me tell you that at first, yes, VR does come across as expensive especially since it offers virtual tours, with high quality graphics and commercial features but the profit that the real estate companies will get is nothing compared to all this. By adapting this technology, you will end up saving money on advertisements in both print and online areas and also on property staging.
How Virtual Reality in Global Real Estate is helping
It is a truly immersive and highly recommended technology to have since it will definitely help the dropping real estate market. And at this time and age, adapting new technology always proves to be beneficial and Virtua Reality Technology is a tried and tested and highly successful technology.
It is not an easy task, selecting a property. It requires a lot of planning and access to information. Through Virtual Reality in Global Real Estate you have the luxury to visit each area of the house, access the length and breadth, tallness of the roof. It is an immersive, three-dimensional walkthrough of the entire property and within minutes, potential buyers and renters can decide which property is worth visiting in person. This saves a lot of money since no travelling is required and it is also less time consuming.
There are two types of 3-d virtual tours
1. Guided visits: these include promotional videos but they will be either fully virtual or in the form 360 degree videos which is also a type of virtual reality technology. This type of visit is ideal for existing properties since all you need is a panoramic camera to capture 360 degree video. There is no fancy, complicated technology used to make these videos.
2. Interactive Visits: this allows the clients to move around (they have to wear a VR headset) within the property by clicking on special hotspots in the field view.
Virtual Reality in Global Real Estate also helps in selling properties which are under construction. You must be wondering how an empty property can be sold with the help of VR? Virtual Reality Technology helps in staging a property with very little investment. Companies such as ROOMY provide VR staging services to real estate agencies. So through this, your empty property will be filled with furniture, looking cozy and appealing.
The question is, in order to sell properties that are under construction, several 3 dimensional models are made which describe how the property will be and this is too helps in selling. But what about the architecture? What about the interiors? I know that this too can be done, all that the company has to do is create large showrooms with full scape models of apartments.
But imagine the amount of money you will be spending in doing all this!!! Money on marketing as well especially on print. VR can effectively solve this problem. Thanks to VR, architecture visualization has become cost effective. It allows clients to have a look at exteriors and interiors of yet to built properties.
Therefore Virtual Reality in Global Real Estate is a definite game changer for the real estate industry and it should be adapted by companies if they really want to rise up.
