Buying a home is influenced by different variables and the challenge is to get everything right in the first attempt. Starting from the property size, vastu, and amenities to the location, neighborhood, connectivity, price, builder’s reputation, home loan rates, price appreciation, etc., everything needs to fit perfectly so that you can become the proud owner of your dream home. Apparently, with so many things to consider, home buying is often a tedious and long drawn process. However, in recent times, realty startups have come up with a number of technology innovations that are simplifying the home buying experience for homebuyers. Here are some technology innovations that can help you locate and buy your dream home.
Facebook Messenger Bot – Leading property portal Makaan.com utilizes a Facebook Messenger bot to help homebuyers find the right property. The intuitive artificial intelligence powering the bot allows homebuyers to shortlist properties and to communicate with agents in real time. Homebuyers can talk to experts online or leave their phone number for a callback. This way, the bot helps save time and effort spent on browsing through different websites and apps.
Virtual Interactive Project Tour – Visiting a particular project can take almost half your day. Moreover, considering that you may have dozens of properties on your radar, physically visiting every project can take months. To resolve this problem, realty startups have come up with a unique solution by enabling virtual interactive project tours. These virtual tours are quite close to the real thing and using these, you can evaluate multiple properties within a short period of time. You can then shortlist 2-3 properties that you can physically visit during the weekend.
Geographic Information System – India’s leading property portal CommonFloor utilizes Geographic Information System that allows users to access key trends, as relevant to real estate markets in various cities. This is beneficial, as homebuyers can get detailed information about locations and geographies they may be targeting.
Construction progress report – Now, you do not have to visit the project site every month to track the progress of a property. Real estate portals like Housing.com provide updated information about the construction work to homebuyers. The updates about legal approvals and other permits, as required for completion, are also available to homebuyers. Hundreds of projects on Housing.com across various cities such as Mumbai, Pune, Delhi-NCR, Kolkata, Bangalore, Chennai and Hyderabad provide construction updates to homebuyers.
Online property exhibitions – These have become quite popular, as they are beneficial to both builders and homebuyers. They cost just a fraction of the conventional marketing costs for builders whereas for homebuyers, they make all products available in a single shop. Homebuyers can apply filters to choose the best property, as per their specific needs.
Year 2016 is turning out to be a great year for homebuyers. Interest rates are down, prices have hit rock-bottom, and there are plenty of options to choose from. Moreover, the holiday season has started, bringing with it tantalizing offers from builders. We suggest you grab them now before they are gone.