5 Cutting-Edge Technologies Reshaping Real Estate Business

Explore cutting-edge technologies reshaping real estate to future-proof your business and gain a competitive advantage today.

1. VIRTUAL REALITY AND 3D TOURS

2. AUGMENTED REALITY/GAMIFICATION

An app for "testing" furniture, wallpaper, or other decor elements in open houses to see if they meet client expectations. Add the ability to change color, size, and placement—this will unleash your clients' imagination and speed up their decision-making process.

A map-based app where you can point your smartphone at a building and see what amenities are nearby and how far they are from the starting point.

3. FIELD SERVICE APP

Schedules with a calendar and property view.

Detailed overview of each client and task.

Property info instant updates.

Notes.

Audio- and video recordings.

Signatures capture.

4. VIDEO STREAMING

You can broadcast each of the requested locations to multiple clients.

Your stream will be available on several web and mobile platforms.

You can have a discussion through comments online and answer customer’s questions in the field.

You can save the videos for your clients to “like” and take a new look whenever they want to.

5. DRONES

What is it good for?

Expansive photos of landscapes and vistas in the areas.

Views of bigger homes and larger areas.

Videos with town tours.

House walkthroughs.

What is it not good for?

Highly-focused photography.

The interiors of small apartments.

The exteriors of the houses hidden under the trees.

Standard catalogue photos expected by visitors.

6. BUSINESS INTELLIGENCE

Marketing research

Customer relations

Risk mitigation

Conclusion

Cutting-Edge Real Estate Technology: Terms Explained

PropTech

Artificial Intelligence (AI) in Real Estate

Blockchain Real Estate Tokenization

Building Information Modeling (BIM)

Digital Twins

Internet of Things (IoT) Smart Buildings

Virtual Reality (VR) Property Tours

FAQ

How is Artificial Intelligence (AI) being used in real estate?

What impact does blockchain have on property transactions and ownership?

How are IoT and smart building technologies improving property management?

How do VR and AR enhance the property buying and selling experience?

What role do drones and geospatial imaging play in real estate development?

What challenges come with adopting new technologies in real estate?

What is the future outlook for technology in the real estate sector?