Impacts of Technology and Cloud Software on the Real Estate Sector
The Real estate industry is one of the most recent but active sector in developed countries around the world. A significant number of people with vast amounts of money are continually demanding both residential and commercial houses. Contractors are now incorporating technology to build homes, market them, and even increase the elegance and aesthetic nature of the home to attract a large number of customers. Some of the ways through which innovation is changing the real estate sector have been elaborated.
3D printing seems to be one of the standout impact of technology in the real estate sector. The traditional methods of drawing structures and coming up with plans have been replaced with 3D printing. This is a technology that leads to a near perfect prototype of the conventional structure. 3D technology can be used in demonstrating or illustrating almost a real structure where individuals can see all the parts of the house unlike the traditional method of architectural design where individuals could only see in two dimensions.
One advantage that the real estate sector is enjoying is the presence of the cloud software where the real estate investors can securely handle their transaction details. One of the websites that offers the cloud monitoring services is https://www.thousandeyes.com/network-intelligence, where the real estate investors and the intermediaries can access the services.
Energy efficient houses is another innovation in technology that is expected to change the real estate industry in the next decade. Due to the high cost of energy, realtors are constructing structures that will demand very little or no electricity supply. Most of the modern houses have their roofs covered with a solar panel to harness solar energy. Others have huge windows as walls to increase the penetration of natural light in the house. Other apartments have specialized walls that control heat inside the house while at the same time controlling air circulation in and out of the house.
Environmentally friendly construction materials have now been innovated and are now being used to construct residential and commercial apartments in different parts of the world. Some of the traditional materials used in the construction of the houses used to emit hazardous and toxic substances such as lead and aluminum to the environment. These poisonous substances had substantial health impacts on people living in the house and also the living organisms around the apartment. Regulatory authorities are enforcing the use of environmentally friendly materials in real estate to enhance environmental conservation.
Smart homes are expected to dominate the real estate sector in the next decade. This are structures that have self-regulatory mechanisms some of which can be monitored through a smartphone. For example, smart homes will have intelligent rocks which can only be locked or unlocked using a mobile phone. There will be no need for keys, which will have played a significant role in enhancing the security of the house.
The current changes in technology have also impacted marketing and selling of real estate properties. Real estate companies are now using websites to list several properties. Social media platforms are now primary platforms for marketing real estate properties. The new methods of marketing are more efficient and less costly as compared to the traditional methods of selling real estate properties. Additionally, a significant number of potential real estate buyers or stakeholders can easily see a listed property on listing websites or on social media platforms such as Instagram and Facebook.