How Virtual Reality Will Change The Housing Market

February 16, 2016 in Daily Bulletin

Jennifer Miller wrote about disruptions to the real estate market:

  • Instead of spending a day travelling to different homes, virtual reality will mean that those looking for a place to live will be able to stop by an agent’s office and tour multiple residences.
  • It’ll be particularly helpful for those moving to another city as they’ll know what their next home will look like before they make the move.
  • Architects will be able to show buyers what their homes will look like once they are built.
  • Virtual reality tours can also be setup to let viewers hear the ambient audio and know if they have to be worried about noise from a nearby railroad crossing.
  • It’s expensive though. Setting up a home for virtual reality tours can cost $100,000 a pop.

The full article provides many more details. Read it here.

Source: The New York Times