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How Virtual Reality is Helping the Real Estate Industry

How VR is Helping the RE Industry

The Virtual Real Estate Industry

 

Virtual reality (VR) used to be a thing of future, but is now the latest and greatest in real estate technology. This sci-fi like experience can transport you into different world and scenarios. Virtual reality technology has been adapted for entertainment, gaming, education, and even job training. The ability to move to different worlds while also having total control of your body in a life-like setting is a game changer to many industries, and real estate is no exception. Virtual reality is reinventing the home-buying and remodeling industry;

 

Home listings

 

While home listings were traditionally just photos of a home matched with colorful descriptions, virtual reality has completely changed the game. Now potential home buyers can experience the listing as if they’re really there. A virtual reality, 3D look at the home provides are more holistic experience and can help the buyer imagine themselves on the property. 2D photos of a house can be nice, but the 3D experience gives you a sense of space as well as the overall feel of the home.

 

Modifications

 

It can be hard to conceptualize a home renovation before it is complete, especially if you are not an expert in interior design. Sure a bigger closet or a wider dining area sounds great, but what will it really look like? Will it fit well into the designated space? How will it affect the feel of the room? With virtual reality, you can eliminate the guesswork. Virtual reality allows you to plug in modifications and tweak your property until it is exactly what you want. Imagine your dream home, build it with virtual reality, and watch it come to life right before your eyes. Change your countertops, wall colors, furniture arrangements, etc. Knock out a wall, add in a patio; your dreams are literally becoming reality and you can rest assured that everything will turn out exactly as you imagine it. Virtual reality is the safety net that every homeowner needs.

 

Virtual Reality For Your Business

 

When it was first created, virtual reality was not a realistic cost for small businesses. The hardware (headsets, screens, etc) as well as the software technology were thousands of dollars, making them too pricey for many companies to be willing to invest in. According to Forbes.com however, this is likely to change. With virtual reality becoming more accepted in the business world, their prices are slowly dropping and becoming more affordable. Forbes gave the example of VR headset; what formerly cost around $599.00 is now down to about $399.00. While still a somewhat pricey investment, this drop in prices gives hope that all virtual reality technology will slowly become more affordable.

 

Quick and Easy

 

Virtual reality changes do not always come from fancy headsets and a world-renowned monitor system. Many companies now have cell phone apps that can mimic the virtual reality experience right from your phone. For instance, point your phone at your kitchen counter, and choose from a variety of options to sub out materials, colors, etc. This is a complete game changer in the world of home decor. You never have to wonder if your redecoration efforts will be worth the risk. You know longer have to play games with hypothetical and “what-if?’s.” This is particularly useful while in the market to buy a home. The process of what it takes to buy a home can cost you an arm and a leg, and redecorating can cost even more. Don’t take the risk of making a design decision that you aren’t absolutely in love with.

 

TimeSaver

 

If you’ve ever used a dating app, you probably know that things can look way different online than they do in person. By experiencing a home in 3D, you can easily limit down which properties you want to invest time into. The home buying experience used to involve finding property listings and traveling from place to place. While seeing a property in person is important later in the purchasing process, it can be a gigantic waste of time while trying to narrow down potential houses. By using VR, you can easily and instantly cut out properties that you are not interested in. This is true for shopping/remodeling too. Use VR to cut out all of the hard “no!”s and then request samples and tours of your remaining options. As a real estate agent, this will save you and your clients time.

 

Virtual reality is exploding in the real estate business, and it’s not hard to see why. By providing consumers with the tools they need to visualize potential properties and make the perfect modifications, VR is changing the entire home-buying experience. VR can help save time and money with ease. Although the technology is still very much in its early stages, virtual realty is very likely the future of real estate technology. If you are buying or selling your home or are a real estate agent, be on the lookout for the rise and thrive of virtual reality very soon.

 

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