5 Ways how VR/AR can help you increase Property Sales!
5 Ways how VR/AR can help you increase Property Sales!
Various industries incurred significant losses as a result of the global epidemic. According to stlouisfed, market growth in the real estate industry has reduced by 33%. Because of this unpredictable and out-of-the-blue circumstance, several businesses were forced to close.
Let's put the negatives aside for a moment and focus on the lessons we learned throughout that time.
We learned how to get started in any situation. To conserve resources and money, we learned to switch to other technologies. We modernized our traditional business practices by implementing new strategies and technologies. With new-age technologies like AR and VR, several industries have begun to change and improve their business practices.
Virtual Reality (VR) is a cutting-edge technology that allows you to create real-life 360-degree experiences of your unfinished, half-finished, or completed projects and designs. You may use virtual reality to create and share completely interactive 3D tours and bring your standard 2D brochures and graphics to life.
During the COVID time, virtual reality rescued the real estate business from going bankrupt. It took our hands and assisted us in getting back on our feet. As a result, Virtual Reality is nothing short of a miracle for the real estate market.
Let's demonstrate using these five elements
Let's demonstrate using these five elements
First Impression
According to a poll conducted by the National Association of Realtors, 44% of customers begin their search for a home on the internet!
We're used to seeing 2D photographs, brochures, and movies on various real estate listings, websites, and so on. There's nothing new here.
You may, however, surprise your audience with a 360° Virtual Tour. With your stunning designs, you may genuinely capture the attention of clients and entice them. They will connect with and interact with your ideas and facilities, leaving an impression on them.
Virtual tours are embedded on your website. With the use of VR, they were able to construct an immersive 360° VR tour.
People have begun to shun any needless outings in this new normal. They shop and look about on the internet with COVID in mind. As a result, you shouldn't expect them to come to your building site only to acquire a sense of your new ideas. And 2D photos and brochures will not do your creativity credit. With a few AR experiences like this, you can create a Virtual Tour of your home.
You may provide virtual guided walkthroughs of your project with interactive floor plans, brochures, voice-overs, and more with a Virtual Tour. Your prospects may test it out in the privacy of their own homes.
Increased Conversion
360° Visuals, according to experts, will enhance user engagement by 32 percent. (Source)
Because virtual tours are so thorough and effective, no aspect of your design will go unnoticed. Clients can take a full tour of the property, even the tiniest corners, resulting in a much deeper emotional relationship!
You may also use VR Tour to show off half-completed houses. To gain their trust and enhance user involvement, you may share the progress report with both previous and new clients.
Better decision
Buying a property is not shopping, it’s an investment. It takes a lot of time for an average user to make a decision of investing in real estate. Also, Before coming to any conclusion they will share the property details such as 2D photos, brochures, etc to their friends and fam for a second opinion.
Did you know 83% of Buyers’ Agents said Virtual Tours Made It Easier for a Buyer to Visualize the Property?
As a result of the VR Tour, your clients can better envision your products and have a clear understanding of what they want and don't want. They may also send a single web link to their closed ones to share a 360° VR Tour.
Prospects can take a virtual reality tour as many times as they desire in order to make a more informed selection.
There are no restrictions
People are increasingly investing in real estate, particularly in India, where the Indian real estate industry is predicted to grow by 4% to Rs. 36,500 crore (USD 5 billion) in 2022, according to ibef.
The reason for this is the simplicity of the procedure. Virtual Reality is not constrained by geographical boundaries, which is another benefit of this technology. A realtor from India can engage a high-profile consumer from Dubai, or a designer from Ghana can present his designs to British investors, thanks to rising technologies such as virtual reality and our good buddy the internet. You can quickly reach the global market with virtual reality!
The reason for this is the simplicity of the procedure. Virtual Reality is not constrained by geographical boundaries, which is another benefit of this technology. A realtor from India can engage a high-profile consumer from Dubai, or a designer from Ghana can present his designs to British investors, thanks to rising technologies such as virtual reality and our good buddy the internet. You can quickly reach the global market with virtual reality!
Marketing
VR Tour will assist you in marketing your company in 360 degrees. If you show a client your project in 360°, they will undoubtedly share reviews and suggest it to their friends. And you're aware of the power of word of mouth, right?
VR tours can also aid in gaining undivided attention and recognition on the internet for your company. When compared to 2D photographs and movies, any VR experience will yield better results and reach. With virtual reality, you can create viral content in minutes.
Traditional ways of selling will always be close to our hearts, we all love interacting with other humans and letting them feel our designs by offering them physical visits. But keeping the new normal thing in mind, we really should keep an open mind about the new methods and start adopting them.
