Last Updated on February 16, 2024 by Team Experts
People have always had to visit the property they are interested in to make sure they know what they are buying. This has changed to some extent with the introduction of Augmented and Virtual Reality (AR/VR) into real estate. Real estate agents are especially benefiting from this, often taking the help of AR/VR-powered apps to guide buyers toward the best purchases.
Two-thirds of top-tier real estate developers already incorporate AR VR app development services to showcase their properties. They all have one thing in common – they explored as much as they could about these technologies before taking the leap.
What Benefits Do AR and VR Bring to Real Estate App Development?
Augmented Reality is about integrating digital information (in this case, a property layout), be it audio or visual. It helps us visualize what a space would look like without having to go all the way to visit it.
Virtual Reality, on the other hand, overlays an entirely different space on a virtual platform that we can view through specially designed VR goggles. AR and VR apps developed by a reliable and experienced mobile app development company have proven advantageous beyond their immersive capabilities.
Efficiency
These technologies make the property buying process more convenient for both parties. Users get clarity with the help of a more comprehensive and realistic view of the property. This lets them decide quickly whether they want to go ahead and purchase or move on to the next option.
The increased efficiency is really important due to increased market competition, where users must make a decision faster because the property has received offers from multiple people.
Virtual Staging
Staged homes already sell more than their un-staged counterparts; AR and VR can be used to stage virtual properties to boost their impact on sales further. Doing this enables people to visualize how furniture and decor would look in a space. It helps in vacant properties or those that need renovation, where sellers can entice potential buyers. They can show the potential of the space and the design possibilities that would turn it into their dream place.
A similarly-based solution built by an experienced AR/VR mobile app development company is also attractive to both parties as it is more time-saving and cost-effective compared to typical physical staging.
Improved Communication
Augmented and Virtual Reality provide excellent opportunities for engagement in real estate app development. These increase the level of interaction during the purchasing process through 3D models. Users can also take virtual tours and imagine what the space would look like if they get the chance to personalize it.
As a buyer, you would feel more connected to the property and have greater satisfaction, making you more likely to go ahead and buy it. Three-quarters of real estate agents have won more listings by engaging more potential customers through their VR presentations.
Customization
AR and VR give some control to the users, who can customize their property viewing experience. This is how sellers can attract more people and keep them engaged through this innovative method of property exploration.
For example, users can go straight to certain rooms based on what they are prioritizing in this particular purchase. They may wish to focus on specific features or design elements as well, like a Victorian or Minimalist aesthetic, so that they can narrow down listings based on these choices. This level of customization makes sellers more relevant since they show the initiative to cater to different tastes.
Investing in AR VR development services for this reason will help you personalize your property viewing experience to match today’s demands.
To Conclude
Today’s real estate market has benefitted immensely from Augmented and Virtual Reality (AR/VR). These technologies are trending in virtually every industry, establishing a unique rapport between buyers and sellers. As consumers, most of us would prefer the reassurance of making the right decision that these virtually immersive preview methods bring.
These technologies are bringing irreversible changes to the real estate sector, even in their evolving forms. It is exciting to see how an AR & VR app development company can help improve consumer experience as it builds apps with their advancements.
