Post pandemic, the primary focus has been given to ensuring safer buildings for residents. Touchless entrance, special HEPA filters with UV lights, and automated sanitization methods are part of this endeavor.
FREMONT, CA: Disruptive innovation has proven the most effective approach for businesses in any industry to stay relevant in the marketplace. To accomplish this, forward-thinking real estate executives are embracing new technologies while others are avoiding them.
Given are some of the key tech trends disrupting the real estate industry today. Let's have a check.
As the US and the rest of the globe work to combat climate change, and in light of any broad policies imposed by the new administration, technologies that help commercial properties lower their carbon footprints will continue to evolve. Real estate contributes significantly to climate change, and more significant private and public sector incentives to promote energy efficiency are needed.
After Covid, the primary technology trend will be to make buildings safer for residents. Touchless entrance, special HEPA filters with UV lights, and automated sanitization methods are part of this endeavor. The technology used to ensure safety in real estate will be critical in both new developments and renovating existing properties.
Smart Access Control
The most critical investment property owners can make to make their buildings more efficient is smart access control. As a property manager, it opens up a plethora of savings potential.
Spread Of Blockchain
Although blockchain as an industry trend is still in its infancy, it can revolutionize the sector considerably. The real estate industry's lifeblood is data. However, data is frequently incorrect due to the high number of human connections that touch it and the sometimes subjective nature of judgment. Some of this data can get captured in a single source of truth with blockchain.
Automated Valuation Models
AVMs are quickly becoming the accepted valuation norm. With this in mind, real estate agents must adjust to employing both traditional comps and AVMs in their appraisals for both listing and purchasing side pricing models. Artificial intelligence is here to stay in the housing industry.