Real Estate Industry – ELENA Project http://www.elena-project.org Experiential Learning of Technology Tue, 29 Jan 2019 13:44:40 +0000 en-US hourly 1 https://wordpress.org/?v=4.8.9 http://www.elena-project.org/wp-content/uploads/2017/06/unlock.png Real Estate Industry – ELENA Project http://www.elena-project.org 32 32 How Will Virtual Reality Disrupt The Real Estate Industry? http://www.elena-project.org/how-will-virtual-reality-disrupt-the-real-estate-industry/ http://www.elena-project.org/how-will-virtual-reality-disrupt-the-real-estate-industry/#respond Mon, 26 Feb 2018 11:14:03 +0000 http://elena-project.org/?p=88 Virtual Reality Disrupt The Real Estate Industry

Shopping for a new house or apartment or any other real estate property can be a highly frustrating thing. This is because one has to deal with the sales agent, review the list for hours and spend the Sunday on other site visits, which all could make the overall shopping process a highly daunting task. However, the real estate shopping can be eased in future due to the innovative qualities of real estate virtual tours. The concept of virtual reality has already revolutionized the real estate industry in the future. If you like to know more information, you can visit yourmovemagazine.com/virtual-reality-property-industry/31238.

Virtual Head Gear
With the integration of the artificial intelligence, augmented reality and virtual reality, real estate shopping will become different altogether. The most significant advantage is that you will be able to shop the property right from our convenient places like home or office. All that you have to do is wear a virtual headgear, which can be used anytime 24/7, and starting touring the home by requesting the virtual agent, who can also provide information about the history and features of the house.

View Your Property!
As you virtually tour the different property, the intelligent algorithm will record your favorite styles and will provide recommendations based on your preference. The virtual reality property tour can show you the property with different colors of paint and furniture. It can even place all the electronics and furniture in the virtual property so that you can see how the property looks overall. This helps you know whether the house will be an ideal one for you or not. Adding to that, the virtual reality program will also allow you add a swimming pool and other modifications as per your preference and taste.

In short, the virtual reality programs will help the potential buyers to find a property precisely to their needs. After you have decided the property, the artificial intelligence can help you frame the contract and communicate with the banks to arrange the required fund.

Virtual reality and artificial intelligence for the real estate industry is expected to go full swing in the next five years. Leading companies like Facebook, Microsoft Hololens, and High Fidelity are spending lots of time and money to develop the virtual reality applications.

It is believed that the virtual reality could disrupt the current working pattern of real estate industry. With more number of people are turning towards the virtual reality, it is important the current real estate business adopt the VR technology. Using this technology, one can help the customers to look many properties in less time.

Though adopting the VR technology could like an expensive proposition for the real estate companies, however, it can provide long-term gains. With VR technology, a real estate company can save lots of cost in dealing with the people.

The technology has been evolving rapidly in the recent years. Any business that fails to adopt the latest technology is sure to stay back in the race. Real estate industry is no exception, and it will too be forced to embrace the new technology such as virtual reality.

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