The evolution of technology has had a major influence on the property development industry. As a result, a new wave of property developers have come, doing things differently and achieving greater results…

As property developers, we all know how much work goes into what we do – from research and site examination to contacting architects and builders. Not to mention, managing sales and stock can be some of the most time-consuming and tedious tasks.

Benefits of Property Development Technology

This is where property development technology comes in, improving operations, reducing costs, and increasing competitive advantage. Here are just some of the many benefits:

• Improved productivity
• Greater efficiency
• Streamlined management operations
• Improved communication and collaboration
• Elimination of errors

So, what’s out there in terms of property development technology?

Building Information Modelling (BIM)

Building Information Modelling (BIM) involves the facilitation and management of digital versions of the physical characteristics of places. Accordingly, it brings all the building information together in one place, allowing anyone to access it for any purpose. For instance, to adjust aspects of the design for more effective means. Products, spaces, and systems can be shown in accurate scale to one another, also in conjunction with the entire project. Data created from BIM can also be used to demonstrate the entire building lifecycle from concept and design to demolition and recycling of materials.

Basically, BIM allows all with access to:

• Incorporate information including design, specifications, etc.
• Make simulations of construction, power consumption, etc.
• Prevent the loss of information and risk of mistakes.
• Facilitate repairs and maintenance.

Virtual and Augmented Reality

According to the 2020 Home Buyers and Sellers Generational Trends Report, 84% of home buyers use the internet to search for homes. Virtual and augmented reality will drive excitement and accessibility for the online search and home buying experience. Realtors are able to develop virtual reality tours of properties, allowing potential buyers to experience a property from the comfort of their own home. Not to mention, assisting those long-distance buyers who cannot physically visit the site to virtually view the property.

Cloud-Based Systems

Cloud-based systems allow developers to access all their important information anywhere, anytime. This saves great amounts of time and resources, as developers no longer need to be present on-site or in an office space to check on developments and make any updates. Not to mention, cloud-based systems also break down the barriers between potential buyers and properties for sale. The availability of real-time information enables the facilitation of sales to occur anywhere, at any time. This is particularly useful for smaller companies, which are more greatly impacted by barriers of entry.

Introducing PiPr, an all-in-one property portal solving house and land developers’ biggest problem. This unique cloud-based software effectively manages your stock and facilitates sales, allowing you to sell 24/7 and get back to spending time on other areas of your business.

So, what are you waiting for? Request a free demo today or contact us to find out more.

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