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How can technology change the way we view houses?

Sun June 04, 2017

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Have you ever tried out a pair of virtual reality (VR) goggles before? They can be pretty crazy - some of the environments really do feel lifelike!

VR, however, isn't just for fun and games. It is working its way into tonnes of different industries as well. Surgeons are using it to practice complicated procedures, senior citizens can "get out of the house" when they aren't mobile and it is a way to explore new places without actually visiting them. 

Doesn't that sound like a tool that would be useful for the real estate industry? Well it is! This technology has the ability to revolutionise the way real estate agents do their job and the buying process in general - we'll show you how.

Pictures of a house can only take you so far.

Benefits of virtually viewing a house 

To begin, VR has the power to view houses from the comfort of your own home. This becomes incredibly valuable to people who are looking to buy a house when they are out of state or even out of the country. VR saves everyone the hassle of an expensive trip trying to find a place to settle in before the actual move. Pictures of a house can only take you so far - in order to find a suitable place to live, you need to take a physical, or now, a virtual tour. 

Virtual reality can allow you to view your next home while you are anywhere in the world. Virtual reality can allow you to view your next home while you are anywhere in the world.

Using VR technology, real estate agents can give guided virtual tours - these are useful for both commercial property agents and the buyers who are in a situation of trying to sell/buy a space before it is completed.

These tours can be done using a mixture of techniques, but ultimately it is a mix of photography, video footage and 3D renderings. This way, neither party needs to wait for the building to be completed, making sales faster and giving the property manager more time to find tenants. Users can also manipulate VR to take a trip around the property in an app, allowing them to control their movement around the space. 

This technology also helps real estate agents manage the obstacles that come with viewing appointments. Winter is notorious for slower property sales - fewer people are putting their homes on the market, and less are willing to brave the wintry elements on a particularly cold or rainy day. But VR can put an end to that and potentially even out sales all year round. It would not be unreasonable to predict that VR could actually improve the entire buying process. It opens up the property to more eyes, making the sale that much easier for everyone. 

Real estate agents, buyers and sellers can all benefit from giving their home a more virtual reality friendly tour.

Ways to incorporate VR right now

Having a virtual open house might still be a bit futuristic, but there are still ways you can make your house sell faster. How often do you get to a house and find it looks nothing like the pictures from the website?

These 2D images don't get into the details of the house. Some real estate agents have set up video cameras and filmed tours of the house so customers can view as if they were walking around themselves. Real estate agents, buyers and sellers can all benefit from giving their home a more realistic tour. 

Like we said, this technology still has a ways to go before it goes mainstream, but in the meantime, the team here at Laing+Simmons would love to help locate your dream home. Contact us today and we'll help you find your next home no matter where you are!

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