The Future of Real Estate & Innovation with Virtual Reality


Virtual Reality in the Real Estate Industry

Virtual reality is an upcoming technology that could change the way people watch movies. VR headsets are becoming more popular, and could eventually replace our current viewing experience in theaters. But this new technology is being used in other industries not just for personal entertainment.

Virtual Reality is the future of the real estate industry. It not only changes how clients search for homes, but also allows them to experience homes before they are built by virtualizing designs.

As per the times of Malta avangarde real estate companies like Zanzi Homes will soon be offering property hunters the chance to view tens of homes from the comfort of their sofa, using cutting-edge virtual reality technology.

The local proptech company has invested in the Oculus Rift, the Facebook-owned virtual reality technology that is scheduled for public release in March.

When it comes to Virtual Reality, there are many use cases that have been explored in the real estate industry so far.

For example, some companies have designed VR tours for potential buyers so they can get a better idea of what a house looks like before they even see it in person.

Another example is AR presentations where 3D models are used to visualize how a property will look once it’s finished.

Some extend their use of VR even further and actually allow people to visit homes remotely in virtual reality through programs like Skype-based tours or Google Hangouts.

virtual tour of house on sale

This virtual tour of a house for sale provides potential buyers with access to all the features of the property, highlighting its best qualities. It also includes a floor plan and photos of areas such as the living room, kitchen and master bedroom. This virtual tour could be used to sell a house quickly in an environment where buyers are in short supply.

How will 3d real estate change the way we purchase real estate

3D real estate is changing the way we purchase real estate. With the use of augmented and virtual reality, consumers can now experience a home without ever having to leave their own living room. Consumers can now see what it’s like to live in a house before they buy it. This technology has made it easier for potential buyers to visualize what their new home will look like and how it will feel to live.

Does virtual reality compare to actual viewings

Though it the the closest you can get, you may argue it is not the same thing. And when it comes to real estate prices one may de relactant to buy property he has never visited before. But market specialist see the opportunity in this technology as it will open markets that were harder to sell and give end users the ability to have more choice and partially try more options before buying. Some extend their use of VR even further and actually allow people to visit homes remotely in virtual reality through programs like Skype-based tours or Google Hangouts.

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