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How Drone Technology is Changing the Real Estate Game

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Real estate may never be the same, thanks to drone technology. These unmanned flight vehicles have become popular for use in many fields, and real estate is just one of the latest to employ them.

The Federal Aviation Administration or FAA has recently released the proposed guidelines and rules for the use of drones in real estate. This would enable agents and firms like Mike Putnam Real Estate to use drones to assist clients in marketing properties.

Proposed Rules for Drone Technology

The rules proposed by the FAA consist of the various permits required, as well as how, when and where drones can be used. It also details the process for reporting any injuries or accidents with the drones. Some examples of proposed stipulations in the rule include:

  • Commercial drones could travel no farther than 500 feet in altitude and 100 miles per hour and be operated only during daylight.
  • Operators would be required to pass a test for aeronautical knowledge and be given a permit. The permit would need to be renewed every two years.
  • All flights must be remaining in the sightline of the operator.

The National Association of Realtors has been working with the FAA to create its own list of requirements for use in the real estate industry. Real estate agents could on day create aerial views of properties for sale to enhance the listing.

The Benefits of Drone Technology in Real Estate

Drone technology would allow agents to take aerial photographs of the property as well as nearby amenities. Agents could show interested buyers where a home is located in proximity to the beach or other natural settings. Right now, the only method of obtaining these images is by helicopter, which is more expensive and not as close up.

Commercial properties would also benefit from this technology, as would any large tracts of land. Agents selling large estates would be able to provide an overview of the property, offering valuable information to buyers.

Many real estate agents say they would primarily use drones for luxury properties, which is an obvious choice for the equipment. However, another option is to use them inside a home. Drones can provide a smoother tour of the house than what is seen with a traditional camera.

Location is Prime Indicator for Drone Use

The main component for how much impact drone imaging would have on a property is more about location than price tag. Any property located along the water would definitely benefit from aerial photos because a ground view doesn’t always capture the entire essence. A home by the lake or beach is sure to impress buyers, once they see the aerial images.

Builders will also appreciate what drones can do for them. They can provide images of the views outside of homes even before they are built. This helps buyers have a better feel for the neighbourhood when they’re considering buying in a current development.

The Concerns of Drone Technology

Though use of drones in Northern Virginia real estate isn’t allowed yet, the FAA and NAR are moving closer to that day. Some operators have received permission for special use, but the process is slow. Many other countries have been utilizing this technology in real estate for some time, and the US is expected to follow suit.

However, there are some concerns about using this technology. Cost has been one inhibiting factor, but pricing is coming down for the equipment, making it more affordable. Another issue is taking quality photos. Not everyone who can manage a remote will be able to operate a drone effectively and take high-quality images. It takes some skill and practice to capture just the right images at the best distance and angle.

For many agents, they will be better to hire a professional photographer to capture the images. More photographers will be developing this skill, so they can expand their business. The same person an agent hires to take interior photos of a property may be able to capture drone images as well. Agents will look for experts who have in-depth knowledge of the camera and equipment as well as skills in editing.

Drones promise to become even more part of people’s lives as various industries find uses for them. Real estate is just one seeking to capitalize on the convenience and benefits of this technology. These unmanned aircrafts promise to change the game when it comes to commercial and even residential real estate in the next few years.

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Appoint Housecraft App For Your Interior Designing Job

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Do you have a knack for interior designing? Did you always dream about being an interior designer but could never really get a head start at it? Is your home in a dire state for a revamp? Do you like to change your interiors often?

If your answer is yes then we have the perfect solution for you. The answer to your prayers is the refreshing Housecraft App. The app is available only on iPhone App Store for free.

It is a fairly easy app that can be used to design any interior living space with the choice of several pre-fed furniture and décor items. You can use your phone’s camera and watch the power of augmented reality to place fully rendered 3D models anywhere in your world.

For example if you want to redo your living room. All you have to do is open your phone camera and scan the room. You would be surprised at how accurately it takes measurements. It then lets you drop all the furniture you can think of. You can resize each object so you can customize it according to your room. Plus, you can admire objects from any angle, in any light! Once you achieve a set-up that you like, you can save it for later reference.

The app is a break through at many levels. To start with you design your own home and test it on the app so you can actually see the outcome of your design. For people who like to mix and match and change décor items on a regular basis can use this app for better visualization of their ideas. It is easy to save room configurations and try them out anywhere. Thus great help in apartment hunts, reorganizing a room, testing how new furniture will look, and more. With their video recording feature you can share your creations with your friends or family.

Also Read: 5 Real Estate Tech Startups in India You Can’t Ignore

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5 Real Estate Tech Startups in India You Can’t Ignore

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5 Tech Startups in India You Can’t Ignore

The real estate sector is one of the biggest contributors to the country’s economy. It is no wonder that the sector is booming with newest technologies that are changing the age-old industry norms and raising industry standards. Here are five tech start ups that you need to take note of:

NESTAWAY

5 Tech Startups in India You Can’t Ignore

If you have ever faced a rental problem and most of us have, this is the thing that you need. NestAway is India’s home rental network for singles that offers rental solutions via latest technology and best design.

Founded in January 2015, NestAway is an app that lets you find, book, pay, move-in and out of a rental home anywhere in India. They basically manage both parties in a rental situation and turn unfurnished houses in to furnished homes and offer them at affordable prices on sharing basis. Deepak Dhar, one of NestAway’s four cofounders, says “It’s a new concept for owners and a solution for tenants. Plus we’re solving the youth housing crisis of upwardly mobile urban migrants in cities.” It began in Bengaluru and today is spread in 9 metro cities of India.

Website: nestaway.com

NoBroker

5 Tech Startups in India You Can’t Ignore

A Bangalore based real estate search portal, NoBroker eliminates broker and directly connects flat owners and tenants. Founded in 2014, NoBroker claims to work on the basis of technology that identifies and abolishes brokers. Started as a rental platform, they have now forayed into brokerage free buy/sell property as well. They verify each listing to make sure they are owners and no middlemen. They offer maximum information in the most accessible format, thus saving you time, money and energy to actually go physically hunting for house.

Website: nobroker.in

SmartOwner

5 Tech Startups in India You Can’t Ignore

Find the biggest market for investors here; all the opportunities that you won’t find on general market. SmartOwner brings forward some of the carefully curated investment opportunities from the fastest growing cities in India. Projects are vetted by law firm after meticulous checks. It verifies all the listing to make sure the pricing and specifications are in line with the market trends. Thus it offers well calculated risk and returns. People benefit from the curated high-return opportunities.

Website: smartowner.com

Approach

5 Tech Startups in India You Can’t Ignore

Approach helps you to conveniently and accurately manage scientific data which enables you to grow your business strategically instead of hit and miss methods. Real estate is a growing sector and it needs such solutions where management can take accurate decision based on solid data. Approach lets you manage your inventory from any location. Cloud telephony lets you track all your campaigns and calls from anywhere. Automated SMS and Email Marketing allow you to connect with your audience and also offer in-depth analytics of click-rate and subscriber activity. You can now even calculate the returns on investment from all your media spending and campaigns.

Website: approach.one

GrabHouse

5 Tech Startups in India You Can’t Ignore

Established in 2013, Grabhouse is a no broker website that helps people find flats, flat mates and tenants quickly and without much effort. It is the first venture that is a 100 percent broker free house renting platform. It is able to achieve this by using powerful technologies that allow stakeholders to enhance their business. Their target group lies between 18-28 years; they are mostly students or young professionals who are looking for decent places to stay while saving a buck. Even on-ground assistance is provided after lead generation for a nominal fee.

Website: grabhouse.com

 

Also Read: Technology And Real Estate: Reaching New Heights

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Alibaba Now Enters Housing Rental Market In China

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Alibaba Now Enters Housing Rental Market In China

Alibaba, the Chinese e-commerce giant, signed an agreement with Zhejiang province to use the company’s technology in order to build an online system for house rentals. As per the agreement, this system will include all the apartments that are put up for rent by an individual, government, developers as well as agents.

The Xinhua news agency reported that the Hangzhou City in Zhejiang province will be able to use this application to seek houses on rent. The website by Alibaba will help people at every stage of the procedure, right from searching for a home to apartment contract signing and later payments.    

Han Junqing, director of Hangzhou Real Estate Registration Center, said, “Information on apartments, user reviews, and credit ratings of owners, renters, and agents will all be shared.”

The system is called the Smart House Renting System and will be supported by Alibaba’s technology, data, and commerce credit system. The government sources have revealed that it can prevent fraudulent deals.

At present, the housing rental market in China is dominated by real estate agents, and fraud and disputes are not uncommon in all the major cities. There are big real estate players with their own apps however that information is not shared with others.

People seeking homes for rents often have to refer to different apps and compare their offers as these companies lack the Zhima Credit from Alibaba subsidiary Ant Financial’s which is a much more mature credit system.

The government of China is prioritising the rental market’s development to rein in runaway home prices in the country’s big cities. The Central government chose Hangzhou among the first 12 cities to take bold reforms to boost the rental market.

Also Read: Technological Solutions That Are Helping The Commercial Real Estate Industry

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