Understanding The Role of Virtual Reality (VR) in the Real Estate Business
Today’s home buyer is someone who has a pretty good experience of going from home to home, looking for good square footage, a good price per square foot, and a premiere project to buy property in. Most of the processes that are a part of purchasing a home tend to happen in person. Every homebuyer has gone through the process of driving from one property to another, going from show flat to show flat, and weighing the pros and cons. One should check every aspect of a home painstakingly when they visit a new home. Below are the one’s:
1. How much light does it let in?
2. How is the view from the windows?
3. Is the kitchen big enough?
4. Are the rooms airy?
5. Are there long passages?
6. And is there a dedicated dry area?
Well, we try our best to make sure that we do not miss a single aspect of the home when we do go to visit it, but human error always gets the best of us. Sometimes, you may miss small details, and very often, making second and third trips to the same property is not an option. People often buy properties in other cities, as investments, and to make sure they are rented out, so making multiple trips to study every single aspect of the home and property is not an option.
However, the world has advanced quite a bit in recent years. The internet makes the world a much smaller place, and technology is making it feel even smaller than ever before. Beyond video conferences across oceans and high-tech gadgets that make life easier, the world of Virtual Reality is a frontier that is now being explored.
What Is Virtual Reality?
Virtual reality is a system wherein you can gain the experience of being in a location, using a visual medium. Virtual reality offers a real-time feeling of being present at a location and enables one to have the feeling of moving around and exploring an area using the technology.
Virtual Reality (VR) is usually experienced by wearing a VR headset or using a traditional screen. This experience is a huge gift to the real estate industry, for a huge number of reasons. Let us tell you why.
1. Renovation Projects Are Made Easier Using Virtual Reality
If you are living away from your home while it gets renovated, it can be hard to make the trip to the renovation site again and again and to keep track of the speed and quality of work being done at the site. Virtual reality helps owners, home designers and architects keep track of a space without having to be physically present at the location. This helps keep productivity up, and it makes sure that work is not hindered.
2. Construction And Engineering Is Easier With Virtual Reality
It can be difficult to keep track of projects and visualize them when you are working remotely. Architectural and engineering teams often work on multiple projects at a time, and it can be difficult to be physically present at a bunch of different places at the same time. Virtual reality is a great way to make sure that every team can make sure their projects are running smoothly.
3. Home Tours Can Be Given Using Virtual Reality
Imagine sitting in Chennai, and wanting to see flats in Mumbai, or plots in Hyderabad. It would have been extremely difficult to do so a few years ago, but virtual reality makes this a pretty easy process. Put on a VR headset, and you can experience every corner of a property without actually being there. While you may still want to see a project before you purchase a home in it, having a virtual visit to the place can help you consider the locale pretty seriously.
Virtual reality can also realistically share visualizations and artistic renders, which makes it easier for builders and clients to get a great idea of how the space will look on completion. The possibilities are endless when it comes to the role of Virtual Reality in the real estate business. Since real estate is a physical space, VR is a way of connecting your real estate to customers and tenants from all over the world, without them being physically present at the location.