Many people have tried virtual reality technology. Some people like it, some people hate it, but it would be hard to argue against the fact that virtual reality and augmented reality technology are likely to take over the world in the next 10 to 20 years. In fact it is predicted that by 2023 over 1,000,000,000 people will be using virtual reality technology.
Many industries have already begun adopting this technology to great success. One of these industries is the real estate industry. Although only a small percentage of builders have currently adopted this technology, we believe that many more will as they see the time savings and financial benefits that are possible with using virtual reality technology and the workflow. For instance, in the future developers may never need to create model homes as potential developments can be created within a virtual reality environment saving months of construction time and hundreds of thousands of dollars.
When a person wants to rent or buy new house rather than going on the road to inspect property after property, instead they can just put on a virtual reality headset and within minutes see tens if not hundreds of properties from the comfort of their own home or the Realtors office.
And this is just the beginning of the potentials of virtual reality from the real estate industry, as explained in this infographic.