Most of us often associate Virtual Reality with entertainment and video games, but this technology has been beneficial to Real Estate Investors and has massive potential in real estate industry as well.
Virtual Reality is a newbie in the real estate industry and is primarily focused to enhance the customers experience and also to ease the access. Virtual Reality solves many issues faced by the renters and Real Estate Investors. It helps in saving time, money and also helps in advertising.
With Virtual Reality(VR), the real estate sector is embarking towards its growth like never before. It is expected that with VR the revenues from the industry will reach to $13 billion this year.
Virtual Reality offers a plethora of benefits to the Real Estate Investors as well as the tenants.
Let’s have a look at them:
Saves A Lot of Time:
With the help of Virtual Reality, the Real Estate Investors and tenants both can save a lot of their time by touring the homes with the help of Virtual Reality devices. This is one of the most significant advantages of VR.
The Real Estate Software Companies try their best to provide a 360-degree view of the complete site by combining the photos, videos captured with the help of some specialized equipment.
VR eliminates the need to travel around the city in search of the property. You can take a home tour of various properties with the help of VR headsets and enjoy a 3D tour of the site sitting at just one place.
Also, with VR in real estate, you can visit all the listed properties any number of times and at a time feasible to you and not the realtor.
With the help of virtual tours, the clients can have a look at the houses or apartments and visualise every property. Unlike the traditional visits when everyone is a rush, with VR, this problem is solved. The potential buyers at their convenient time can take up the VR home tours can have a detailed look at all the elements associated with the property.
These Virtual home tours connect instantly with the clients when compared to the traditional 2D images, which seem very different when compared to the actual property.
Helps in Generating Quality Leads:
The primary job of any real estate investing business is promoting and marketing your rentals. Finding the right tenant for your home is not an easy task, one has to look into various aspects associated with it, and it might sometime even be financially devastating.
Making consistent and impeccable home tours through your property won’t just draw brilliant tenants but will also enable you to fill properties faster and lessen the vacancies.
Although establishing 3D virtual device with many features might be a little heavy on pockets initially, but it can prove to be a long-term investment. It eliminates the need to spend money on developing high- quality pictures and brochures related to the property.
Also, a 360-degree view can be made with the help of a panoramic camera, basic rendering and some knowledge of computer graphics. This not only saves time but also is easy on the pocket.
Builds a sense of Ownership:
For most of the real estate agents, it is never an easy task to convince the clients to buy property. But Virtual Reality offers a solution to this problem as the clients get to access the property virtually which helps them decide on the purchase. It also builds connect and develops a sense of ownership amongst them.
The VR devices come in with various inbuilt features such as details of the surrounding neighbouring, mortgage calculators and few other information about similar properties which helps the clients to choose the property which they like the most.
The Virtual Reality is going to be a boom for the Real Estate Investors. It has already opened doors of transformation in the Real Estate Industry saving a lot of clients’ money, time and pain.
The above are just a few benefits of VR, but we are sure that VR will surely be a game changer not only for the Real Estate Investors but also for the complete Real Estate Industry as well.