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The 1980s traditional word-of-mouth strategy of searching for properties or finding newspaper ads has been replaced by real estate websites and apps. One aspect of the search stayed constant throughout the need for realtors. Back then, word of mouth connected the searching parties to the realtors. Nowadays, real estate apps connect them to realtors. Moving with the developing needs of the time, the industry stood side by side with the wave of transformation and adapted it as a part of technological evolution.
According to the Deloitte Center for Financial Services, 27% of real estate firms still rely on legacy systems, 30% are transitioning toward modernization, and 34% have adopted the technology. Only 5% of companies have modernized their systems in line with advanced technologies like AI/ML in real estate apps. Keeping a positive outlook on the numbers, 69% of decision-makers have already adopted modernized technology or are following in their footsteps with iOS or Android app development.
Apart from fully modernized businesses, most enterprises still require assistance from real estate app development services to make changes here and there. Considering the high demand for real estate modernization assistance, let’s understand a few aspects of the best real estate apps and software.
What is a Real Estate App?
Real estate mobile apps offer services to a distinct niche in the market, considering that clients and experts in the real estate industry have diverse requirements. For instance, lodgers and tenants plan on finding accommodations, while owners and agents are inquisitive about renting their property to make profits. Homebuyers and realtors are also primarily involved with property ownership for future planning or investment.
Building a product that will adjust the requirements of every kind of user is impractical, as the app will be riddled with excessive features, lag frequently, and consume a lot of memory. Considering the diverse needs of various real businesses, let’s explore the types of real estate mobile app ideas.
Types of Real Estate Mobile Apps
As mentioned above, not every business has the exact needs of their app, nor do users have similar property requirements. Considering the diverse needs of users, real estate mobile apps are divided into multiple categories based on types. From people looking for rental apartments to those planning a trip to individuals considering investments and companies planning to relocate their corporate working space, needs differ. Each requires an individual app catering to specific requirements, some of which are detailed below for better understanding.
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Property valuation apps estimate the exact worth of an individual apartment or home for sale. They depend on information gathered from the owner or other references online. This collected data may include information about the community, covering infrastructure, or the outlay of similar properties in the same area. Cost valuation services can occasionally link the user to a genuine estate agent. With this procedure, the agent will examine the market, particularly for the client, and note the property’s price. With the assistance of a real estate mobile app development company, businesses, and real estate agents can build apps to engage audiences with helpful features.
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Property Management App
A property management app is business-centric software that assists real estate brokers in managing all their properties for rent and sale in a single place. The software allows them to store documents and forms related to their properties and efficiently access them remotely without wasting time and effort.
This app also enables users to explore their options with further features, like document accumulation, tracking maintenance, presenting online portals for tenants, electronic lease problems, and online payment processing. Such real estate app development solutions are helpful for property owners, be they individual landlords or large-scale real estate agents.
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Real Estate Investment Apps
Investments are not made only with stocks and cryptocurrency. Properties are one of the oldest forms of investments that change with time. People are considering investing their money in property, not just looking for and buying one. They do their own research and analysis to evaluate the value of property. With real estate investment apps, individuals can become full-blown investors in private properties. The concept of crowdfunding plays a significant role in these investment apps.
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Property Marketplace App
Real estate businesses find it feasible to build a marketplace with all the features for buying, selling, and renting properties. This type of app comes to the minds of the general masses when they think about a real estate or property app, an app for everyone and their needs.
With custom real estate app development, businesses can build a property marketplace app to list properties with their essential details and pictures in just one place. The app’s features allow property owners to manage their properties and handle their clients.
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Property Mortgage & Financing App
Property mortgages and financing apps offer users straightforward access to financial backing for various property-relevant trades, like investing, selling, buying, or renting. Additionally, by building these best real estate apps with a real estate app development company, users can obtain a comprehensive range of loan options from unprecedented financial institutions.
In addition, users can submit the demanded documents and forward them to banks that can assist with loan eligibility review. You can get a loan calculation based on economic statements, credit scores, and payment history.
Must-Have Features of Custom Real Estate App Development
The primary purposes of real estate software development services are engaging users and facilitating the buying or selling procedure. Consequently, it is necessary to modernize with intelligent features and tendencies and incorporate them into your real estate business app.
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User Profiles
The app must allow users to create profiles to engage in different activities within the app. Diverse user sets should have distinct profiles to avail themselves of the real estate app’s services. Therefore, select a real estate app development agency with a comprehensive understanding of migrating information to the cloud.
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Property Profiles
The property profiles guarantee a wealth of data about the property listed, including images, descriptions, value propositions, videos, price data, rich media, neighborhood details, owner details, and more. It is a well-known fact that 80% of the time, users purchase properties based on the property images.
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User Onboarding
One of the essential operations of real estate app development is user onboarding, which must be as hassle-free as possible, considering that it is a defining factor for user retention. It can be achieved in a few ways, such as phone verification, email authorization, and social media authorization.
Businesses and real estate firms use the strategies above to allow users to sign up for their software. A custom real estate mobile app development company can create an active user interface that offers immaculate user onboarding.
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Search Filters
Search filters and categories are alternatives that help facilitate the user’s search procedure and ensure that they find properties according to their specifications. Make certain you comprehend the features your customers most appeal to when choosing real estate app development so you can integrate them smoothly.
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Favorites Listing
A real estate application development company allows businesses and firms to gather a checklist of elements and questions to uphold user inquisition. Real estate agents and vendors will see it valuable to comprehend their clients’ concerns so they can offer identical solutions.
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Property Cost Calculators
A real estate app developer may incorporate a cost calculator to provide users with automated calculations to facilitate decision-making. Users tend to approve or discard a property based on selling and buying price calculations. Similar calculators can also be utilized in mortgage and finance apps.
Advanced Features of Real Estate Software Development Services
Real estate businesses must understand the requirement for advanced apps with intelligent and futuristic features to engage the audience. From 3D property tours to conversational chatbots, every feature of your real estate app retains the user and enables them to find their dream home. With ML, blockchain, AR, VR, and AI app development services, you can allow your real estate app to have technologically evolving features and ensure your targeted audience stays hooked during their house search.
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AI/ML in Real Estate App
The tomorrow of real estate depends on AI solutions and cognitive features. AI/ML in real estate apps has offered personalized property management. AI in real estate transforms the vertical by automating operations, boosting productivity, improving customer experiences, and offering beneficial insights for informed decision-making.
User interactions can be facilitated with use cases like virtual tours, automated due diligence, property analysis, and intelligent data processing. Another aspect that changes the experience is the conversational chatbot, which can be built with the assistance of chatbot app development. It familiarizes itself with users’ issues and adjusts for the lack of human support.
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Blockchain in Real Estate App
Integrating blockchain in real estate apps brings the future of secure apps. Since people provide apps with personal information and documents, security and data loss threats become something businesses must adhere to.
Incorporating and developing real estate apps like Redfin can be a decisive move for real estate firms. Features like document management, verification of ownership tokens, and store processes lead towards secure data information.
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Cloud Computing in Real Estate App
Cloud computing in real estate apps presents unique and smooth solutions to elevate workflow operations and streamline functioning. The data transfer process through the cloud is more rapid, dependable, and protected than other mediums. Adapting cloud computing is necessary for real estate firms and brokers as they can feasibly scale their enterprise worldwide and target a massive audience. Combining cloud computing and cognitive technologies can significantly endow traditional brick-and-mortar businesses.
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AR/VR in Real Estate App
Real estate firms and agencies using AR/VR for property marketing have seen an upsurge of 40% in lead generation and conversion rates. Augmented reality has been the face of real estate and has reduced the expenditure of physical house tours by up to 97%. It offers a striking and immersive perspective of properties on a user device from anywhere, offering convenience. Probable buyers can examine 3D models of establishments and interiors, presenting a more precise interpretation of the property than conventional 2D blueprints and images.
Step-By-Step Real Estate Mobile App Development Process
Now that we have discussed all the aspects of real estate application development, including the types and basic and advanced features, it is time to comprehend the app development process.
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Define Your Requirement
Real estate businesses and firms must remember that the first step is to define the requirements and benefits of real estate apps for business. They need to have a concrete idea of what they are looking for. Defining the features and functionalities, identifying the target audience, and integrating intelligent technologies build an understanding of the company.
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Hire Real Estate Software Development Company
The next step is to define the exact requirements for a real estate software development company and understand the proceeding process with a rate card. One must know that before hiring an app development company, businesses must thoroughly check their portfolio, reviews, and previous projects. Once you are satisfied with the expertise, you must hire them for your real estate app.
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UI/UX Design
The professional UI/UX design team assists real estate businesses with wireframing the app layout by ensuring systematic market and competitor analysis. Skilled professionals in the real estate industry with vertical knowledge ensure the designs are layman-friendly, smooth, and information accessible.
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App Development
Once the UI/UX design is finalized, the Android, native, or iPhone app development process begins. From integrating third-party APIs to incorporating intelligent features, a real estate app development company ensures a systematic and methodological approach with agile development techniques.
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Quality Assurance and Deployment
Quality assurance is The next phase in developing real estate apps like Zillow. Quality testers ensure their deduction in the project by building test cases, analyzing the app for errors, and fixing bugs. Once the app indicates no errors or performance issues, it is ready to be deployed and presented to the users.
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Maintenance And Suport
As soon as real estate applications are up in the market, they require regular maintenance and support for later-stage bugs to ensure smooth performance. Businesses must understand the necessity of regular app maintenance.
Real Estate App Development Cost Breakdown
Now that we have covered every aspect of the real estate app development process, the next question would be the mobile app development cost. To find the cost of real estate mobile app development, real estate businesses and firms must consider several factors that can influence it. For instance:
- Features and Functionality
- UI/UX Design
- Type of Platform
- Technology Stack
- Experience of Development Team
- Location of Development Team
- Project Size
The real estate app development cost can range from $30,000 USD to $60,000 USD, depending on the feature complexity.
Building Next-Gen Products with AppsChopper as Your Real Estate Software Development Company
The future of the real estate industry depends on data-driven decision-making that revolutionizes the user experience and business processing. That is why companies and firms worldwide are building real estate solutions to maintain speed with transformative technological advancements and acquire competitive benefits.
Nevertheless, real estate app development is a demanding and time-consuming undertaking. To build apps like Zillow and Redfin, a professional real estate mobile app development company like AppsChopper needs experience.
