VR & Real estate | How VR Technology is developing the Housing Sectors

VR & Real estate | How VR Technology is developing the Housing Sectors

Virtual Reality technology innovates the mediocre methods of architecture and can mitigate the design and construction complexities with the help of VR headsets.

Real estate market is a colossal industry in the world playing in millions and trillions with the land. The market size of the real estate has proliferated in 2019 from $8.0 trillion in 2018 to $9.6 trillion. And amalgamating the technology to the real estates will surge distinct opportunities from designing your own interior to exploring the house virtually from any place in the world.

The VR technology is helping the real estates to mitigate the physical walk throughs, fulfilling the requirements and automate the mediocre process in real estate through the VR headsets. The following are the features of the VR technology in the real estates:

Interactive or Guided display of Properties:

When a client decides to purchase a property, they need to traverse to and from, to see the locality, neighborhood and various other factors. But this process consumes a lot of time and energy and creates a confusion of what to choose? But, we can amend the technology to real estate with the help of the latest technology, Virtual Reality. With the help of VR, clients can access the real estates properties virtually from any place and time.

To display the virtual life, the VR headsets are used to gain the 3-dimensional properties in just a few minutes. In the Interactive Visits, you will visit the property unlike visiting it physically through the VR Headset. With the guided tour, the user will sit back and watch the conventional video which can be in the virtual form or the 360 degree form.

For example, real estate agents can use the VR controller to point to a master hall and the window will pop up to display its other features.

Virtual Staging:

Virtual Staging is the procedure of furnishing & decorating the property digitally before displaying it to the customers. This automating process is a very efficient way to sell the property early and help the customers to broaden the imagination of how the property will look with and without the stuff.

A survey has suggested that the home buyers are more attracted to the photos which are well furnished rather than a hollow space. But this the VR mitigates the actual staging which would be very expensive to hire the photographer and manage the photographer, while with the VR, no hassle of all physical staging. It also gives them the freedom to try the random styles and interior according to the choice of the customer.

Architecture Firms:

If it is difficult to sell the house, it is much harder to sell the designs of the house which have not been built yet. And if you are an architect, the biggest challenge is to make understand the designs to the clients, developers and financial investors. Therefore, using the Virtual Reality technology is must to innovate the mediocre methods of architectures. VR can mitigate the design and construction complexities with the help of the VR headsets. Therefore, Architects uses the VR for the virtual walk-through of the houses from the height of the kitchen to the size of bedroom window.

VR Commerce:

After reviewing the virtual tour of the property, if any client want to make any changes to the interiors or design or the color of the wall, it is possible through the virtual store which allows you to add these to the house. You can also stage the whole property according to your choices and VR can design the whole design for you! However, when the actual pieces of the furniture comes to the place, its not compulsory that it would go according to your imagined world.

Benefits of the VR:

The foremost feature of the VR is that it saves a lot of time of commuting and traversing from selecting house to house, reviewing their neighborhood, facilities they provide etc. The process review can be fulfilled with the help of a virtual tour. Clients can simply put on the VR headsets and enjoy the spectacular three dimensional tours. Additionally, users can choose their time to review the house without compromising the schedules.

If some client lives in the U.S and wants to purchase a villa in Spain, he has to traverse from one country to another just to review. And if it does not match the requirements, the whole time and money would be in vain. Therefore, VR technology comes to the rescue in referring to real estate virtually anywhere and anytime through the VR headset.  

It stretches the opportunities to the long range in real estates, means any person from the world can invest in the property. Real estate agents can work with more clients as a result.

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