VR

Guild Blog: How Virtual Reality is changing the Property Sector

In today’s fast-moving technological age, new developments in tech are constantly being introduced that are having a significant impact on the property sector. The most recent is the introduction of virtual tours and virtual reality (VR).

While Virtual Reality (VR) is by no means a new concept, rapid advancement in augmented reality technology has meant that it is now at the point of having an impact on consumers’ day-to-day lives.

What differentiates virtual reality from augmented reality?  

Augmented reality provides an additional layer of 3D content to the user’s actual surroundings, while VR fully submerges the user into a created environment and virtual world. By wearing a headset, the user is transported to another place offering them a 360-degree view of their simulated surroundings.

According to statistics, around 95% of home buyers use the internet as their initial search method when looking for a property, with approximately half of buyers purchasing a home that they found online. The integration of VR is adding to the experience and making it far easier.

What are the benefits of virtual reality?

The applications of VR within the property sector are limitless and it offers benefits to both estate agents and their clients. With most people viewing between five and seven homes before they make an offer, VR can save a lot of time and money.

It will also make it far easier to look for homes in other parts of the country or abroad without the need to travel. Buyers can virtually tour multiple properties from the comfort of their own home in a matter of minutes. The process will allow potential buyers to check through several properties and quickly narrow down the field to a few choice homes that they would like to take a second look at in person.

VR can also be an excellent tool for new build developments when the property has not yet been built. A virtual tour will turn imagination into reality, offering the potential buyer a look into what the home will look like once it is finished. Buyers will be able to view an off-plan property, make comments or suggestions and get an idea of the space and how it works before ground has been broken.

Although the majority of people have heard of VR, not everyone has had the privilege of actually experiencing it first-hand. While the technology is in place, it will still be a while before we see everyone searching for a property this way. However, that said, it is becoming more mainstream and accessible and there are already elements of VR that are already being used by the general public, such as Google Street View, which allows the user to visit city and suburb streets that they have never actually set foot on. VR headsets are also becoming far more commonplace in many households.

What can we expect from virtual reality in the future? 

Technology commentators say that in the near future we will see the introduction of haptic or kinaesthetic communication to VR. Using forces and sensations, the technology will replicate the sense of touch and allow users to see their hands in the virtual world. The user will be able to open doors and cupboards, interacting with their virtual surroundings when viewing a property.

Further developments are also being made to introduce the other senses into the VR world as well,  such as smell and taste. During a VR viewing, the buyer will be able to smell the freshly brewed coffee or baking cookies, which will have a subconscious effect on their opinion of the property. These aspects could be used to simulate the same emotional response in buyers, as they would if used in home staging during a viewing in person.

However, even with the advancement in technology and possible application, it remains to be seen whether the virtual world will ever truly rival the actual experience of shopping for a home in person.

Search for a property online today!

If you are looking for a new property, let us help you.

Head over to our website to start your property search today or view our property valuation tools!

Loft conversion in North Yorkshire

Our design team have enjoyed working on another new project this week. This has involved carrying out a measured survey, creating existing drawings and producing design ideas for a proposed loft conversion and internal alterations to a beautiful period property. We were already familiar with the property as we sold the property to our clients, through our estate agency in Ripon.

We have submitted a planning application to create an additional bedroom in the roof space, with two traditional dormers to the rear. A building regulation drawing has also been produced to allow contractors to provide estimated costings for the project, with the view to starting work as soon as planning and building regulation approvals have been granted.

Planning – Approved

Great news from our architectural team.

Joplings has received planning approval for a rear dormer extension in Northallerton Conservation Area. After discussions with the Local Authority, we were able to design a scheme to create an additional bedroom and shower room for our client.

Please contact us on 01845 521319 to discuss your scheme.

Out and about this week

Our surveyors have recently visited a site approaching practical completion following planning approval for a detached garage with store in West Tanfield. We also obtained Building Regulation approval for this scheme.  See the photos for a before and after snapshot.  For any Architectural or Building Regulation enquiries, please contact our team on 01845 521319

Guild Blog: Top 10 Ways of Adding Value to your Home

We all want to add value to our homes. After all, property is one of the best investments so why not make the most of it. The rule of thumb when it comes to adding value is to utilise what you already have. Any additions that are too costly might not bring you much of a return when you sell, so work with the space and think how it could be transformed to make it more useful.

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