Advancements in technology change the way people live and work – usually for the better. It makes life more convenient and saves time, and in general, makes life easier.
Virtual reality, defined as a computer-simulated environment, is one such advancement that’s greatly enhanced the way we work, play, and live life day to day. In real estate, it plays a big role, especially since the onset of the pandemic. Let’s take a look at all the ways virtual reality has changed the face of real estate as we know it.
It is no longer required for a potential buyer to physically visit the properties he is interested in. These days, anyone can view and tour houses they are interested in from the comfort of their own living rooms.
Virtual showings are conducted via a virtual reality headset worn by an agent who then tours the house, showing off its many rooms and features. The video gives a 3D view of the home that allows viewers to feel as if they are inside the home themselves.
Everyone knows that a well-decorated, appropriately furnished home sells faster than an empty one. With virtual staging, you can fill an empty house with all the comforts of home, which will entice clients and allow them to envision their own belongings in the space.
Virtual Architectural Visualizations
Another hard-to-market real estate property is the one that isn’t built yet. In the past, 3D models enabled buyers to see what the exterior of homes and buildings would look like, but to show interior designs, agents and builders had to construct life-size showroom models for clients to browse.
Virtual reality has made showing and selling yet-to-be-built properties much easier. Through VR, buyers can view the inside and outside of a new construction before it’s ever built.
Virtual Reality Instructions
Landlords are forever fielding calls on how to use certain appliances or technology in a rental. These repeated calls take time, and time is money. To help tenants learn to use their various home features and appliances, virtual reality instructions can be placed online for them to access. This does away with all the calls to answer the same questions over and over again.
Since virtual reality became such an integral part of the real estate industry, the cost of doing business has decreased while conversion rates have increased. Virtual reality technology makes many aspects of buying and selling real estate much easier and cheaper for everyone involved.