• Home
  • About
  • Contact

The Phat Startup

The Ultimate Lifestyle Blog for Entrepreneurs

  • Blog
  • Blogger Lifestyle
  • Money & Finance
  • Motivation
  • Personal Growth

Blog

Technological Advancement That Every Real Estate Professional Must Know

When technology is influencing every industry, how can the real estate industry be an exception? But surprisingly, the significant contribution to the adoption of technology in real estate goes to the pandemic.

According to the statistics, 45% of the brokers and agents it is challenging to keep up with the advancing technology. However, now the time has changed, and realty understood that they needed to stay updated with the advancing technology and use them to provide better services.

To find out what these advancements are, keep on reading.

Automation to save time and manage everyday tasks

Generally, the project managers, property consultants, and agents have to do repetitive work. It includes filing of the property paper, collecting and storing the physical documents of the property. This task might seem small, but it consumes lots of time and energy from the real estate professionals. Besides that, it also affects the efficiency of the work.

Thus, to save the reality from troubles, automation software became their savior. It can help manage everyday activities more efficiently and without spending lots of time on a single task. Moreover, it can also help in scheduling appointments, maintaining real estate portfolios, and much more.

Real-time monitoring for construction projects

Whether you are building a residential property or a premium commercial project, everything must work out as planned while it is being constructed. For that, you need a real-time monitoring system like this that can be installed in the critical area. It will help you prevent any theft and vandalism.

But what if something happens before you could take any action? Even in such a situation, you can use video footage as evidence and present it to the police officer. Furthermore, as we are talking about real-time monitoring, the security guards at the site will be contacted immediately. Thus, mitigating or reducing the effect of any criminal activity.

Virtual reality for project tours

Before investing in the property, the interested buyer will always visit the location and project. It is because they want to check whether the property can fulfill their needs or not. But, due to Coronavirus, doing project tours became challenging. To cope up with that, many real estate professionals started using Virtual Reality.

VR allows buyers to view the property online without actually paying the visit. Therefore, the rule of social distancing is followed along with the thorough inspection of the property. Although it can’t give the authentic feeling to be at a place, it still fulfills the objective of the project tour and review.

Smart home technologies

Last but not least, you can also add smart home technology while constructing the house. These technologies generally include security systems in the premises, a built-in thermostat, speakers, and other modern-day amenities. It will help in improving the standard of living along with making the project more elite and luxurious.

Thus, you will get a reasonable price for a well-developed and technologically advanced property when the post-possession phase starts.

To conclude

Knowing all these advancements is necessary for every real estate professional. It will help them make progress in the industry and the highest level of security and project value.

 


« Don’t Form a Startup before Doing These Three Things
The Greatest Business Benefits Of Using POS Software »

About The Phat Startup

The Phat Startup was created by Mike McOwen to create a space where entrepreneur lifestyle could be focused on. We tend to live a different lifestyle than most. Entrepreneurs tend to be interested in maximizing their life, not only their profit.

Connect With Me

  • Email
  • RSS
  • Twitter
  • YouTube

Twitter Feed

Mike McOwenFollow

Mike McOwen
PhatStartupsMike McOwen@PhatStartups·
29 Dec 2017

Why is content marketing so important? Find out here: http://thephatstartup.com/money-finance/why-your-business-needs-a-content-marketing-strategy-in-2018/

Reply on Twitter 946751505146707968Retweet on Twitter 946751505146707968Like on Twitter 9467515051467079681Twitter 946751505146707968
PhatStartupsMike McOwen@PhatStartups·
9 Oct 2017

http://yescincinnati.com/

Reply on Twitter 917521630162759681Retweet on Twitter 917521630162759681Like on Twitter 9175216301627596811Twitter 917521630162759681
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

Wow, interesting

Forbes@Forbes

Millennial men are more likely than women to default on student debt http://on.forbes.com/60148NudC

Reply on Twitter 912458136849698816Retweet on Twitter 912458136849698816Like on Twitter 9124581368496988162Twitter 912458136849698816
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

I LOVE Toronto! Miss that place

GO Transit@GOtransit

Explore Toronto’s art scene with GO! Enjoy special late night service during Nuit Blanche on Sept 30. https://cards.twitter.com/cards/v2l8b/4ttwx

Reply on Twitter 912458028355670017Retweet on Twitter 912458028355670017Like on Twitter 912458028355670017Twitter 912458028355670017
Retweet on TwitterMike McOwen Retweeted
BuffaloSabresBuffalo Sabres@BuffaloSabres·
25 Sep 2017

Batter's up! ⚾️ Spending quality time with our friends at @MiracleLeagueWN.

4
Reply on Twitter 912457252057034754Retweet on Twitter 91245725205703475454Like on Twitter 912457252057034754319Twitter 912457252057034754
Load More...

Blog Ideas That Make Money

Dive Into Fantasy With Some Fascinating Sci-Fi Movie Picks

Tips for Building Simple & Effective Business Website

The Benefits Of Having Business Insurance

Search

Copyright © 2023 · The Phat Startup

Copyright © 2023 · Divine Theme on Genesis Framework · WordPress · Log in