Investing in Real Estate: Why Technology is Your Friend
Virtual reality, technology, and airplanes have all made it really easy to grow a business, go to school, and even invest in a home from across the county. The real estate sector is growing rapidly, and technology is only making it easier. In fact, SuperData forecasts that VR will grow in all sectors up to $40.4 billion by 2020 – so now it when the time is hot to start learning and taking advantage of those possibilities.
How will VR Help with Investing in Real Estate?
It isn’t hard to imagine a world where VR goggles can help you with investing from across the country. If you have a 3D mapped home, you can easily walk through it to see what it really looks like. You can look cabinets, you can walk down stairs, and you can really get a feel for what the house looks like. It sounds amazing, and it is, but it is also reality. Add Google and YouTube to the mix and you will have a lot of people investing from afar.
Virtual reality software has been used for years on home makeover shows to explain what a house will look like after renovations. You will be able to do this as well with your VR capabilities, all you have to do is set your VR to that new paint color or to a kitchen island.
Of course, there will be things you can’t tell if the carpet is plush or if the floorboards are weak. You may also have to worry about people “hiding” things using VR. You’ll have to find a real estate agent that you can trust in that case.
Meet Buyers
It can be difficult meeting people over the phone. You really don’t get a full sense of who they are or what they are going to be like living in your apartment building, flipping your home, or just working with you. Using VR and technology, you are able to get closer than you’ve ever been before.
Not only that, but if you are willing to use VR, you will open yourself up to many other prospective buyers. Some of the most expensive homes are sold to people from other countries who are moving here for work – and they can’t work with someone who doesn’t understand technology and VR.
Other buyers can’t necessarily get up and come visit new places. Middle class families who have children in school. They are increasingly moving to new neighborhoods and they need to be able to see the homes they are going to buy. If you invest in neighborhoods near great schools, it will be easy to meet them through VR and technology.
Get Ahead of the Curve
If you are considering investing in real estate from across the country or just widening the base of people who will purchase your product, start learning about the newest forms of technology now. Think back to a few years ago – you weren’t able to look at pictures on your phone as you were looking at another property. Things didn’t move quite as quickly and everything was planned and propped – with VR and technology at your fingertips, it doesn’t have to be that way.
Of course, there are some things that will never go out of style – like putting in the hard work, doing your research, and working with a team of people who understand you and will help you to grow.