River Park

How Modern Technology is changing the Real Estate Industry

The emergence of the IoT (Internet of Things) has brought rapid transformation throughout several industries that аre primarily on people-centric, enabling companies to focus their efforts, time and resources on their development.

Similar trends have been observed in the real estate sector as well. Whether you are a buyer, tenant or agent, searching for housing online has become the norm. Here are a few technological innovations that have revolutionized the industry and how they have affected both customers and entrepreneurs alike. 

Virtual Reality (VR) and Augmented Reality (AR)

Nowadays you can take a 3D tour of a home you would like to visit without even having to leave the comfort of your armchair. VR, or virtual reality, allows you to have an "explore-before-you-purchase" experience. Thanks to footage acquired with the help of drones, 360-degree cameras and 3D technology, we can now immerse ourselves in a virtual experience of our dream home.

AR, or augmented reality, is considered a continuation of the well-known virtual reality and is growing increasingly popular with users. Its advantages have turned it into a common tool in the real estate industry - for example now you can furnish your home digitally and see how it would look, changing anything you want with a simple click, as well as taking a walk through a digital model of your home, giving you a precise understanding about the layout and size of each separate space. 

You can see the advantages of this cutting-edge technology for yourself while also taking a look around one of the spacious twin houses at River Park. Thanks to the 3D models, you can discover every inch of the properties for yourselves, and the Augmented Reality helps you to not only visualize how your home would look once it’s furnished, but also feel the warmth and comfort the contemporary interior provides as well. 

Click on the link to check our 3D design: https://bit.ly/3hZ8gN9

Building Information Modelling

Building Information Modelling (BIM) is an innovative technology that allows real esteate designers and investors to present how their projects will look to potential buyers even before they are constructed. This technology allows architects to develop a 3D model of residential buildings or even entire complexes, giving investors and buyers a more realistic idea of what the size, structure and even lighting of a property would look like. This allows users to have a clearer understanding of the area, while also potentially speeding up the decision-making process when buying or renting.

Innovative technologies are not just about making purchasing decisions. Today we can also take advantage of:

Smart Homes

Smart home devices have rapidly become a mainstay of our everyday lives. As part of the IoT ecosystem, the array of Smart Home devices are also interconnected and can transmit data over the web, allowing the user to operate them from any place with an internet connection.

Smart doorbells and locks are just a couple of the innovative smart home solutions, which provide increased security to tenants. They allow users to see who is at the door without having to get close to it, and can also be used to monitor potential security risks.

Smart thermostats are also a welcome addition to the homes that help you control the temperature in the rooms through your smartphone manually or through automated processes, thus significantly reducing heating costs.

Modern homes today also have devices that can connect to Wi-Fi and be controlled via voice commands, such as Amazon Alexa and Google Nest, formerly known as Google Home. They have a multitude of functionalities, from allowing users to listen to music and news to controlling home appliances through voice commands. They are also exceptionally easy to use, ensuring additional comfort and convenience at home.

The technological advancements over the past few years have had a noticeably positive impact on the real estate industry, improving the overall experience of new home seekers. In addition to gaining a clear idea of how their future home will look, potential buyers can also make use of the abundance of Smart home devices to provide additional comfort in their homes.