The Real Estate Industry Gets a Total Transformation with Virtual Reality

Buying a house is one of the best rewards we can give to ourselves and our family. Imagine the number of years you have done working to save up for your dream house, and then you finally get it, can you feel how exciting t?

Some people would say that one of the challenges they usually face in buying a house, is finding the right and functional property for their family. There are times when we seek advice from home builders on what will be the best design for our you and your family. The only problem with building your home from top to bottom is the time and money you will be spending. Most of the time, we wanted to purchase a house that is already functional, we just set an offer, sign the documents, and then move in. As simple as that.

The current trend in today’s real-estate market is that people buy move-in ready houses. The only concern that homeowners face is that they do not have an idea of how their chosen house was done. They do not know the types of materials that were used, or how the electrical, sewage, and water system works. Real-estate agents would usually provide the blueprint of the buildout, to reassure the potential homeowner that the builders followed the proper building code, or what other guidelines there is.

Now, these common real-estate problems can be addressed by integrating the immersive technology. Yes, you heard me right! The real-estate business can make use of the immersive technology platform to revolutionize the current industrial processes.
How can immersive technologies like Virtual Reality, Augmented Reality, and Mixed Reality create impact in the real-estate and the property development industry? Here are the compelling reasons that you should not miss out.

Virtual Reality Redefines the Open House Activity

Real-estate agents usually sponsor open house activities for potential homeowners. The homeowners would travel to the location, and check out the exterior and interior of the property. This is a great way to showcase how high-end the design of the house is, and it gives the potential buyer a feel of the house which can help them make a decision. The only problem with this traditional set-up is that you are limited to the people who will visit your open house activity. It limits the potential buyers who can see the house.

With Virtual Reality in the picture, other potential customers get a chance to see the house without the need of being physically present in the property. This means you get a wider pool of buyers, even the ones who are in a foreign land, or someone who is on vacation can get a chance to have a sneak-peak on what the property offers.

These virtual tours can even extend during the before and after buildout. Just imagine how happy a customer would be if they get the chance to see how the actual buildout happened. It reaffirms how the construction happened, and can help them make their final decision. More customers mean more chances of getting first-day offers.

Virtual Reality Helps in the Buildout Process

Builders will now have a better way of creating a more functional design through the use of virtual reality. Instead of just looking at the blueprint, architects, contractors, and even interior designers can get a simulated view of the house, enabling them to make immediate changes, and design updates based on what they see in a virtual world. It helps them save on cost because they can immediately see what is wrong with the design, even before the construction happens. It will also help them make better electrical and pipe layouts, making the house more functional.

Virtual Reality Helps Home Improvements

There will still be instances when the homeowner would want to have some renovations, and updates done in their chosen houses. With virtual reality, the homeowner becomes a part of the construction process, they would have an idea on how the renovation and design would go. There is no need to wait, and see the actual renovated house to appreciate the design as early as the planning stage, the homeowner can already get a simulated image of the house. This way, if there is a need to change any of the design, the homeowner and builder can immediately agree on the required changes.

Aside from that, the fixtures, furniture, and appliances can be projected in a virtual environment helping the designers and builders make immediate decisions on what to use. They can go to a furniture showroom and do a virtual home tour to help them identify the best furniture to use. It will also help the furniture or appliance company to validate which items they currently have. If they do not have any stocks available at the moment, they get to have enough lead time to replenish the stocks that are needed.

Virtual Reality can Improve Real Estate Advertisements

Just like the home tours or in this case, virtual home tours, real-estate firms can easily advertise a property that they just flipped. One of the common concerns real-estate investors face is that they need to see the final and completed property before placing it on the market. However, this will change. The use of virtual reality will help real-estate investors bring their property to the market through a virtual tour, even if the renovation is not yet completely done. This gives them the opportunity to do a pulse check on how many potential buyers they have. It will improve the communication process between the potential buyer and the real-estate investor.

Virtual Reality, Real Estate and Beyond!

These immersive technologies will transform the real-estate industry completely. The real-estate investors will get more chances of closing deals with their current property and move on to the next. This will also be the case with the contractors, builders and interior designers, they get to move from one flip to the other, bringing more homes to the public. The real-estate agents, on the other hand, will have a better way of selling the house. Lastly, the potential homeowner can choose a property that is based on what their needs and wants are.