Quick-witted Guide On Developing A Real Estate App Like Realtor
Do you deal in the real estate industry? If yes, then you must be trying to keep up with your digital age customers. It’s not like before at all. Everything you used to do has become so ancient, documenting everything properly, reminding tenants for rent and maintenance every month, and finding new tenants through agencies.
What’s new? 58% of millennials, 46% of gen x, and 33% of baby boomer home buyers found a property on a mobile device. Today, the majority of people choose the online option to buy or put a property up for sale. In that scenario, real estate tycoons have to switch online to sell or lease their properties quickly.
When budding entrepreneurs step into real estate app development like realtors, they often wonder about the type. What type of real estate app do they need to build? Well, depending on your business nature, you can opt for a fit model for your real estate mobile app. Such as,
Types of real estate app
- Aggregator application: You can find apps like Zillow and Trulia in this category that benefit both landlords and tenants. Like on Zomato, various restaurants list their menus, and customers can find and order from their nearby eatery right from the Zomato app. Tenants can browse apartments and houses posted by landlords for lease and inquire directly to schedule visits and rent them.
- Dedicated application: Suppose you are a property manager and have many properties on lease and some to lease. You would need to collect rent on time, manage tenants, and attract new tenants for vacant properties. Your job can be cumbersome. Here a dedicated property management mobile app eases up your job. You can automate routine tasks and focus on other essential tasks.
- Virtual tour app: Customers in all industries are being busier and expect a solution without much hassle. In that case, a virtual tour app can accelerate the convenience of tenants by providing them 3D tours of their future properties. A study claims that over 80% of millennial buyers prefer to see 3D virtual tours when searching for a home.
So Many Ways to monetize your real estate mobile applications!!
The significant perk of developing a real estate mobile app is that you can make money through various means. Some of them include:
- Paid promotion for third-party properties
- Offering subscription of the premium version
- Commission on deals
- Affiliate marketing
- In-app advertising
If you build a real estate application like a realtor, it would be essential to consider basic app features.
Features to make your real estate application highly functional
Customers/Property buyers:
- Register or login
- Social media integration
- Profile verification
- Search
- Filter option with location, area, landmark, etc.
- Map integration
- Property details
- Posted by
- Push notifications
- Calendar
- Book a visit
- Contact broker/ real estate builder
- In-app chat
- In-app message
- Images of house
- Recent activity
- Browse latest projects
- Loan calculator
- Price calculator
- Favorite listing
- Collection
- Geo-location tracking
- Heat map
- Loyalty programs
- 3D property view
- Virtual tours
Features for Admin:
- Login
- User management
- Property management
- Analytical report
- Currency converter
- Customer support
- Edit or Delete subscription
- Earning management
- History of transactions
- Multiple listing service integration
- Internet data exchange
- Intriguing dashboard
- Real-time analytics
- CMS integration
Features for sellers:
- Signup/login
- View leads
- Customer support
- Social media sharing
- Customer query support
Finally, the cost to develop a real estate app
The real estate development cost varies according to the type of your app and the number of its features. Since the development cost is calculated hourly, you have to consider the hourly rate of the development team. The reason being, developers from different parts of the world, charge a different rate for their services.
If I recall, the cost of developing a basic real estate mobile app starts from $25000. However, if you build an app for Android and iOS users natively, it can cost double. Having said that, you have to develop an app separately for each operating system. As a cost-effective alternative, you can go with cross-platform app development using Flutter.
That’s a wrap. For more, You can inquire about real estate app development directly with our expert. So connect us!
