Proptech is gaining fame around the world as the third generation of software tools. It not only enhances collaboration between homeowners and tenants but also streamlines rent collection, property transactions, and investment evaluations. AR and VR technologies are integral to high-end Proptech solutions, bringing concepts alive and facilitating tours.
Hiring a custom AR VR app development company increases the chances of app success and business growth. Therefore, we will cover the meaning of Proptech, some of the best solutions, and an intro to the premium services of Unique Software Development.
What is Proptech?
Proptech is the unification of the two words, where ‘prop’ means property or real estate and ‘tech’ means technology or software. The term became famous after 2021 as the investment in real estate software products peaked at $32 billion. It aims to streamline the buying/selling or renting process for property owners and tenants while also allowing investors to evaluate assets.
Best Proptech Solutions
Software development, in general, digitalizes the whole process while aiding the creation of platforms for users. It reduces the time it takes to find, visit, and finalize real estate agreements, plus offers collection, allocation, and investment options. The best Proptech solutions using AR VR technologies are as follows.
1. Virtual Tours
In this era of rising fuel costs and lesser time availability, virtual tours are emerging as a one-stop solution for buyers, renters, and investors. It leverages VR technology to render 3D VR videos of available options so that people can visit them remotely and choose property. In the case of under-construction projects, virtual tours help to foresee the architecture, interior, and floor plans.
2. 3D Visualization
3D visualization and modeling lets owners, investors, and tenants foresee the available options or demand specific changes. It also helps designers and developers to collaborate on construction plans and foresee their results cohesively. Doing so in the earlier stages allows for cost-effective finishing, design iterations, and improving the internal as well as external aesthetics.
3. Interior Design
AR apps use the exact available space and structure of a property while overlaying augmentations to decide furniture and fixtures. Besides that, they help interior designers to prepare options for clients as to what suits them better according to their tastes. It also helps clients match and compare different furniture options and manage spaces effectively for maximum utilization.
4. Repairs & Maintenance
Older properties are more prone to repetitive repairs and maintenance, requiring frequent visits of professionals. Inflation, being at its peak, imposes a high visiting fee for masons, plumbers, and other workers. AR VR apps can help service providers identify potential issues prior to the actual visit and help them bring along necessary materials, saving costs.
5. Crowdfunding & Tokenization
Crowdfunding platforms are creating the possibility of raising funds for new business ideas and investment alternatives. On the other hand, asset fractionalization and tokenization allow for the distribution of expensive assets into fractional shares. Together they offer a large pool of small investors a chance at economic inclusion and share their profits as per ownership percentage.
Best Custom AR VR App Development Company
Unique Software Development holds premium expertise and wide experience in different real estate projects, specifically Proptech. In addition, they offer custom solutions to owners, builders, developers, and investors to manage their assets and portfolio efficiently. Following are a few of its services that help streamline business operations and automate workflows with technology.
1. Web App Development
Web apps are interactive websites that users can download or access via their browsers as per preference. Their cross-platform accessibility and device-specific responsiveness make them a perfect choice for businesses and users. Users can personalize, configure, and save data on their respective accounts, while businesses can perform analytics and apply conversion funnels.
2. Mobile App Development
With the growing public access to smartphones, a mobile app can engage prospects longer and encourage them to convert. Mostly staying with the audience, it can display available properties to rent, buy, or invest in, maintaining seamless connectivity with marketplaces. Even if it’s not a typical real estate app or an online furniture store, it may offer crowdfunding or fractionalization.
3. 3D Visualization & Printing
3D modeling and visualization lets builders and developers propose an initial layout and floor plan even before the construction. It helps buyers and renters preview real estate and, in some cases, request iterations as per their preferences. In contrast, 3D printing helps fabricate walls, roofs, and other fragments or build the whole property onsite using eco-friendly raw materials.
4. AR/VR Development Services
Augmented reality, virtual reality, and mixed reality are a combination of real ocular visuals with an overlay of on-screen graphics. They allow users to add, remove, place, alter, and compare AR, VR, or MR visuals to decide on a specific floor plan and décor. Moreover, they allow users to visit the actual or virtual properties remotely while reducing their visiting time and costs significantly.
5. IoT and Blockchain Development
Seems irrelevant? Although IoT and Blockchain aren’t directly relevant to AR or VR, they still have many implications. Proptech solutions with IoT are more efficient in resource consumption and remote monitoring, aiding in security and control. Furthermore, blockchain development helps with Proptech DApps and decentralized real estate platforms or marketplaces.
Conclusion
Proptech is enabling a whole industry and individuals beyond it to achieve operational efficiency, financial autonomy, and business growth. Custom software development with the latest solution stack and cutting-edge technologies offers high-end features with automation. The article lists the best Proptech solutions like virtual tours, 3D visualization, and interior design for ideas.
The best AR VR app development company will aid you in aligning your business goals with user preferences and the latest trends. Consult Unique Software Development for your Proptech projects and get ready to achieve industry leadership with exponential business growth.
