VR – A proptech solution that’s allowing for remote investment
Because potential investors who are looking to secure their next promising asset will no longer be able to set foot into apartment or home properties for the foreseeable future, the viewing process is something that has suffered in the property investment industry. This is due to the fact that investors have been confined to their homes as a result of’social-distancing’ policies implemented by the government and the global pandemic caused by the COVID-19 coronavirus.
There is some good news, however, as recent innovations in the financial technology industry (and more specifically in the proptech industry when talking about the property investment field specifically) have resulted in the creation of a one-of-a-kind offering for companies to take advantage of during these difficult times: a virtual reality alternative to the conventional method of viewing.
These “virtual viewing” packages, which are offered by forward-thinking property investment companies as a way to bypass the face-to-face consultation, are, at best, a comprehensive package that can give an investor all the peace of mind they need to get going. At worst, they are an immersive “next best thing” for investors that are dipping their proverbial toes in the water to find a new investment strategy. Virtual viewing packages are offered by forward-thinking property investment companies. The following is some additional information.
The process of viewing in a virtual environment
Do you have an interest in learning more about the operation of the virtual viewing process? RWinvest, a company that invests in real estate, provides a full package to their clients. The following is a list of some of its components:
The virtual reality (VR) component allows investors to get a feel for a property by providing an immersive, fully 3D look at a prospective property offering. This allows investors to see what the property looks like from the inside and outside, as well as how it contextually fits into the surrounding city. They might not be able to feel the breeze from the balcony, but it is as immersive as you’re going to get, and even if investors do not have a makeshift VR headset available to them, they can download the file to their phone and look at it in that manner instead.
Literature, guides, and videos to accompany the experience – In addition to maintaining open lines of communication between the client and the investment advisor, supporting documentation is also provided for the purpose of providing a comprehensive perspective on what should be anticipated. This can include absolutely anything, from overarching drone footage of the area to guides on the building’s surrounding points of interest and everything in between.
In spite of the fact that it is a piece of technology that is heavily relied upon for aiding the investment process, virtual reality got its start in the gaming industry, which is something that some people might consider to be a little bit less significant. Even though it is true that immersive gaming experiences might not be as important as some integral aspects of business or industry, the fact that they have allowed the technology to develop is a positive knock-on effect that has had a positive effect on how it is used in general.
In these troubled and unsettling times, virtual reality (VR) is also being used to connect families and friends with one another for social purposes. People have the option of gathering virtually rather than physically in order to engage in activities such as playing games and chatting with one another.
Thinking one step ahead
One of the many advantages of investing in virtual reality is the fact that not only can investors view properties that are inaccessible to them, but they can also view properties that might not even be physically present just yet. Off-plan investment is one of the most common strategies, and as a result, investors will often examine VR mock-ups in order to once more get a sense of what it’s like to invest in this manner. This is a great way to alleviate some of the anxiety that is associated with buying off-plan, as it makes it simpler for people who are unsure what they are investing their money in to visualise what they are purchasing.