Is Technology Revolutionising the Property Industry
Technology is quickly
emerging and shaping the future of real estate, helping consumers, on every
step of the journey. Proptech is the latest buzzword today, the new-born property technology,
is all the tech tools Real Estate experts use to optimise the way people buy,
sell, research, market, and manage a property. These innovative technologies
are also known as RealTech.
There was a time when property agents had to
arrange for multiple site visits, taking prospective buyers to the location.
Today, technology has made it more accessible for real estate agents, potential
property buyers and owners to list property details, complete with GPS maps,
neighbourhood information, site images, and across various platforms. Virtual reality
(VR), Drone and the Internet of Things (IoT) are the major property technology
trends today. These technologies in real estate are still in its nascent
stages, with rapid innovation taking place.
PropTech Trends for 2022
Virtual Reality (VR)
Real estate developers are using the technology to give their prospective consumers a feel of the product virtually. Enables customers to tour pre-development or ready house units from anywhere in the world. Using real-time technology and devices, like the real estate developers can show off the progress of the houses under development as well as completed units. They allow prospective buyers to walk through and experience the space even before construction has started. Consumers enjoy taking virtual tours prior to making a purchase, especially when it comes to big investments such as real estate.
Drone
Property investors are able to see where new
developments will be located, and the progress of the project with a unique
perspective. Drone makes the properties more attractive, accessible to buyer
and adds credibility with stunning aerial shots of the property. These little
flying machines hovering over construction sites and building projects, creates
captivating property images from different angles, and the visual marketing
speaks for itself giving the potential customer an idea about how the site
looks without visiting it.
Internet of Things (IoT)
The Internet of Things as we know it today is home
to billions of physical devices that share at least one primary commonality;
their connection to the internet. This latest advancement in technology
has come to stay in interaction with humans. It is an infrastructure of
technology where different devices such as electrical lighting and outlets are
connected through the internet and synchronize to perform smart functions.
Conceptually, the IoT implies physical objects being able to utilize the
Internet backbone to communicate data about their condition, position, or other
attributes. Sensors are also increasingly being installed inside and outside buildings to
gather a vast array of data, which can then be analysed and exploited in order
to optimised how a building and its infrastructure is occupied and operated.
IoT has been made easily accessible to everyone and increasingly cost-efficient. This
technology improves the quality of life and directly affects the property’s
value. It has enabled devices to offer residents control over household energy
use such as electricity, lighting, and water and reaches beyond the typical
technological scope. IoT is undeniably shaping the real estate sector in
a variety of ways and increased the value of homes on the market.
The Property sector is opening its arms to embrace
the technology that is penetrating every aspect of the built environment making
the sector stronger and more effective by allowing agents to focus on their
most valuable – and impossible to replicate – skills.
Get connected with us on a "Smart" property adventure via
WhatsApp (http://propnex.psee.ly/RWBNQ), phone (+603 7954 2233) or email ([email protected]) today.
