How Virtual Reality Is Transforming The Real Estate Industry

How Virtual Reality Is Transforming The Real Estate Industry

Many people never thought virtual reality would break into the real world, but its application in the real estate industry has proved there is more to come in the development of groundbreaking technologies. Since 2010 when Oculus Rift released the first prototype, virtual reality has been in the news and the most talked about areas are gaming. But it seems professionals in industries like real estate are learning about the benefits such technology could bring. Several companies in the property market have already rolled out systems that are powered by virtual reality to help them in marketing and the results are amazing.

Capture remote customers

Through virtual reality, companies can now reach remote customers and allow them a chance to walk through the property they want without necessarily traveling to view physically. Those looking to move to a different country can take advantage of this technology to preview the properties available that they can buy before they make their trips. A few listings are now offering virtual walkthroughs that allow one to see what they are about to buy in real-time.

There is more freedom to explore all the corners of the property to learn about the features included and this is not like 3D architectural animation software that only offers a preview of the concept. Software like Render 3D Quick allows you to present the plan of construction in three dimension, but virtual reality gives you a chance to interact with the environment of the already completed building. Experts say that virtual reality could push conversion rates by 12.3 percent in coming two years, so those looking to reap benefits should invest in this technology.

Show homes remotely

If you are looking to give a preview of property you want to sell, you could opt to use virtual reality. It creates convenience and is a cheap option that people looking to buy property can use to assess the quality of what they want to acquire. Virtual reality allows buyers to see all the features available in a home before making their journey to physically inspect these elements. It is taking over the roles played by agents and will offer accurate guide that can also help buyers in decision making. On the part of the seller, virtual reality speeds up the selling process since it is a convincing method than other marketing options available in the real estate industry.

Show completed construction projects

Engineers and architectural experts are sometimes required to show some of the projects they have completed in a specified span of time. If these projects are located remotely, it would only make sense to have a system like virtual reality to enable a preview that can show others what one has been able to accomplish. Completed projects feature a vital part of one’s resume and proving their existence is difficult unless such a technology is used. Virtual reality is real and does not work like photoshopped images that only convince those who don’t take much time to verify information.