Virtual Reality: A Game Changer For Real Estate Industry
Well, I don’t even want to get started with the talks which sectors have VR app development entered into, what it has benefited or anything else. Even though VR being an innovation, everything has been told and heard so much that talking about it again will look pretty old school. So, let’s just not get into that zone and plunge directly on the topic of talks, real estate, and VR. Let’s get started with the numbers as numbers never lie. I know what track is playing in your mind at the moment, “Hips don’t lie” by Shakira. Amazing track but drag your mind back to the numbers. So, let’s get started with the numbers. The projected economic impact of the virtual reality by the year 2020 is expected to be 15.6 billion USD. The global VR market size by the year 2021 is expected to be 215 USD. The size of the software and hardware market of VR by the year 2020 is expected to be 40.4 billion USD. So, yes this was the end of the figures. Now, let’s have a look at how VR is changing the real estate industry.
You can explore the properties of your choice located hundreds and thousands of kilometers away sitting right in your bedroom. All you need to do is just put on virtual goggles and boom you can explore the property as if you are seeing it in real. Have you watched Harry Porter? If yes, then it would look fascinating how just by a flick of wand people travel places VR is also like a magic wand making to travel to places even without actually traveling it. With real estate VR app development, you can feel the atmosphere as you are really there, you can also check out the layout of different rooms, watch the view out of the window, even check the landscape from a different perspective even from the roof of the property. You don’t have to travel all the way long to check the real estate, you can view them from the comfort of your home.
2) Watch your imagination in real
Properties are not always the way you wanted it. It might be good but needs to repainted or needs some new furniture settings. In the absence of VR apps, these things just have t be imagined that this color would look good or furniture can be adjusted like this. Not anymore, VR would enable you to see how the property would look during the day time, how it would look in dark, how it would look when its snowfall and how it would look when it is raining outside. The property owners can have a massive advantage while selling with advanced VR tech. If the potential clients don’t like the furniture setting, the owner can instantly make them watch the same property with different furniture setting and crack the deal.
3) Competitive advantage
There are a plethora of areas that have accepted and implemented the use of VR apps for real estate but on a contrary, there are also a massive amount of places who are still devoid of it. If you bring such technological advancement in those areas, clients will get an exotic experience and it will create a brand image and reputation to your real estate business and not to forget also entail you with the competitive advantage.
4) Ease in selling antiquated properties
There are clients who want to buy antiquated properties, restore them entirely and then put it to use. With VR apps, the old and damaged property can be looked with a new perspective. The clients can get an exact idea as to how the property will look after renovation and renovation and help them get to the conclusion whether it is worth buying or not.
5) Hyped profit figures
Business is all about money making and the ultimate agenda is to seek more clients and hype the profit figures. No business can run devoid of innovation. Clients can be lured when some out of the box ideas are poured into even a simple business. Real estate is an antiquated business carried from not decades centuries and the competition is at its peak. VR apps will help the business fetch new clients, know their property expectations, give them the virtual tour of the property saving time, energy and cost and if the deal cracks bingo, reduced cost with increased profit. What else do you need? So, get the list down some o the best VR app development companies and give your business an innovative touch.