Virtual Reality App (VR) for construction and real estate industry offers people artificial lifelike environment. What is it needed for? It would be of help for clients who can take virtual tours of the houses they are interested in rather than going personally to property and spending more time. Moreover, people can take virtual tours before they even contact a realtor. It saves time for both realtors and customers. Also, customers can see rooms size ratio, ceiling height and other things they may consider as important. Goldman Sachs recently predicted that Virtual Reality will be an $80 billion industry by 2025, with $2.6 coming directly from real estate.
How you can use Virtual Reality (VR) in the real estate business
Virtual Property Display
Real estate is a location-intensive industry. It can take a whole day to view two or three properties and things get complicated if a property is far from where a client lives. VR technology helps solve these problems, allowing millions of people to virtually visit properties without leaving their homes. Simply put on a VR headset and you can experience immersive, three-dimensional walkthroughs of properties. In a matter of minutes, potential buyers or renters can virtually visit dozens of locations and decide which are worth visiting in person.
VR App for real estate lets users choose where to move within a property by clicking on special hotspots in the field of view. Creating interactive virtual home tours is more time consuming, but they are more interactive than typical guided 3D virtual tours. So, it allows realtors to efficiently and interactively showcase their property.
Marketing a property that isn’t constructed yet has always been a challenge for real estate developers and agents. You’ve probably seen large three-dimensional models that show a new property or neighborhood. These models help potential buyers imagine the architecture.
When it comes to interiors of these new constructions, real estate agents create large showrooms with full-scale models of apartments. Needless to say, these marketing methods require considerable investment. Virtual reality can effectively solve this problem and allow potential homebuyers to carefully check out both the exterior and interior of yet-to-be-built properties.
Thanks to VR, architectural visualization has become much cheaper and a lot more immersive. Real estate agents can use VR technology to show both the exterior and interior of properties that aren’t built yet so that clients can get a clear look at what’s being offered.
Thanks to VR, looking for an apartment or a house to live in, has become more fun and less nervous. People can choose on their own, cannot spend money on enormous tours for different houses. And of course this new technology saves time, because buyers don’t have to leave their houses anymore. All the tours can be done by VR and it is available on every platform.
This is how VR changes real estate business, when each side benefits from it.