As per a statistic recorded in 2021, the utilization and existence of housing or real estate apps increased by 14% in the US, which accounted for more than 23 million installations, which was 2.7 million more than in 2020.
The behavior of homebuyers has changed significantly in the past few years, and many prefer online searches to find their desired property. In 2022, around 96% of individuals are looking for a home using online tools for convenience. And this explains how vital real estate apps are in this decade.
Whether it is about comparing the prices of different property developers over one platform or filtering out the property search quest per specific preferences, there’s a rising need for high-performance real estate apps.
There are still several loopholes in making real estate properties accessible to potential buyers online. And seeking the right kind of app development for real estate is the primary approach for the market players.
Hence, this article is an enlightening guide to understanding what it takes to build a profound real estate app.
Understanding the Real Estate Mobile Apps & Their Types
What do you mean by real estate apps? What is the context of it? And what is available under its radar?
When discussing real estate applications, you must not restrict yourself to the simple property search software solution. As of today, you will find applications that can be used for locating renters, sellers, agents, or landlords. Therefore, consider it a solution to help your potential users with various requirements.
Here are the various types of real estate apps that market players seek to adopt:
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House Hunting or Renting Applications
It is a simple property listing application allowing users to look for buying or renting properties by selecting a city, region, address or neighbourhood.
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Broker or Agent Applications
Such real estate applications are for agents or brokers to offer their services to customers. Such services include virtual 3D tours, property management, documentation, etc.
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Investment Applications
The third and the most trending type of real estate application is for customers to make investments, which is highly demanding among agents and investors. These apps are highly customisable to accommodate the changing property demands and prices.
Must-Have Real Estate Application Features that Make a Difference
Some of the features that real estate applications must have to help businesses make a difference are:
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Proper digital navigation
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View of the surroundings and streets
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3D Virtual Tours
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Search, save and ‘Favourite’ features for the property listings
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Mortgage and property calculators
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Feedback tabs
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AI chatbot
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AR features
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Filter, concerning various parameters
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Real-time message support
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Calendars for booking site visits
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Personal profiling
Why Are Businesses Following the Trend of Real Estate Mobile App Development?
The real estate market has been growing stupendously in the past few years. And it is proven by the whopping rise in the industry’s market size. According to global reports, the real estate industry’s revenue generated in 2022 was around $3694.47 billion. The annual rate of growth, recorded at a CAGR of 7.0%, is leading the drive to bag a market size of $3976.18 billion by the end of 2023.
Not just that, but as per the growth rate considered, this demanding pace will take the global real estate sector to around $5209.84 billion, by the end of 2027, with the same growth rate projection. Depending on the rising demands, the digitalization of the industry is also at its peak!
But, if this doesn’t convince you to seek real estate app development services, then here are some other reasons that might change your mind:
1. Speed Up the Sales Process
The agents or property developers can significantly boost their sales rate by using a custom real estate solution. With this, the agents or property developers can bag the sales by promoting digital documentation, virtual tours and ownership transfer aspects. Enabling the customers to run a deep property search in the comfort of their homes will speed up the entire sales process.
2. In-App Communication On-Demand
In real estate purchases, the most vital necessity is to establish a seamless communication channel. And, through dedicated real estate apps, it will help your business set up a 24/7 communication channel through chat, phone support and email support solutions.
3. Seek Automation for the Routine Tasks
The AI chatbots implemented into real estate applications will ensure accurate automated responses. It will help the customers with a proactive experience when they rely on the digital software solution for their property search needs. Apart from that, many other processes can be automated and streamlined for businesses and consumers to experience the utmost flexibility in processing real estate transactions.
Steps to Create a Real Estate Application
Now that you have understood the efficacy of having a real estate app for your business, it is time you finally get an idea of how it is made. You can count on hiring a proficient real estate app development company to let the professionals bring out the best version of your business to online platforms.
So, once you have hired professional real estate app development services, they will collaborate with you to execute the associated steps. Here are the efforts to create a real estate app to give you an idea.
1. Determine Your Goal
You or the real estate app development company cannot build a solution out of dust! You need a proper plan to be able to execute it on point. Without a goal, your product will eventually fail when launched.
So, you need to help the professionals here to be goal-specific with their development approach. Therefore, you need to determine the goals by understanding what problems will your real estate app be solved on priority.
2. Implement the Stand-Out Features
You are now done with the market research and know what the competitors are offering in the same market. So, now is the time to identify the features and functionalities you can add to your real estate app to stand out in the crowd.
Hire expert app developers can help you out here! They will guide you with the modern-day technologies that can be implemented in real estate applications. Such technological features will add uniqueness to your software and help you take one step further toward leaving behind your competitors.
Your business needs to be able to cater to the needs of potential homebuyers. And every feature you pick should be directly proportional to accommodate those needs. If you have any specific requirements, express them to the professionals, and the developers will do the needful to add them to your application.
3. Collect the Property Listings
It is one of the most essential steps for any real estate business to consider while creating an application. Property listing is an array of housing or apartment-related data that will be integrated into your application. It is essential to add the listings because this will be the first thing you will offer to the customers.
The best thing about this step is that the developers will do the needful to integrate those listings into your application. But you cannot always count on those open listings available online. You need to partner with special broker communities or firms to get some more listings to promote over your real estate app.
4. Let the Team of Developers Do Their Job
Once the roadmap is set with the three steps above, the team of developers will do the needful to make the idea work. Before that, they will validate the entire blueprint of your real estate app development project and determine if the idea would support perfect execution.
The development team will test the product with real users, and upon the result and necessary changes made to the idea, the actual development process will commence. Upon outsourcing your real estate app development necessity, you will get project management, developers and QA testers reporting to you about the development progress and quality.
Rlogical Techsoft is the best real estate app development company that offers you a team of experienced members. Every member would work relentlessly to meet the deadlines and deliver quality on priority.
5. Set Your MVP into Action
The development team will now finally prepare the MVP version of your real estate application. It is a basic version of your app, which will be released among real-time users. It is done to attain the final range of feedback when all the features are implemented.
Depending on the feedback of targeted users, the developers will take charge of revamping the code (if necessary). The final UX/UX elements will be infused to prepare for the launch. With this step, you can finally determine the scalability of the real estate app.
Conclusion
So, this is a clear understanding of how important a real estate application is for the dedicated market players of the industry. Following this, you also get insight into how you can get help from professionals and get a stand-out application.
And, in this quest to win over the competitive sector through digitalization, Rlogical Techsoft will help you with proactive real estate app development services. Connect with us to learn more.
