Real estate firms have been struggling for quite a long time to handle various business aspects, like growing competition, lead generation, property management, financing process handling, and more.
Being a real estate business owner, how can you deal with this? The most apt answer to this question is to aim at brand awareness, increase your customer base, expand your business, match the steps of the latest technologies, and stay competitive.
One of The Top Property Buy/sell Web Portals, or We Can Say Real Estate and Housing Apps, Zillow Real Estate and Zillow Rentals, Witnessed 7.7 million Installs in H1 2021. that Year, the Revenue Spiked and Reached $2.132 B, Around a 31.28% Boost from 2020.
How to achieve this? Creating an online presence for your business can help you, and for that, you need to choose real estate mobile application development. Besides beating these challenges, an app can be beneficial for increased customer experience, automated business tasks, and elevated sales and retention rates.
Are you ready to develop a real estate app for your business? If yes, then you are on the right page. Here, we will help you with everything you need, like the cost to build a property management app, revenue models to consider, technology to integrate, how to promote property listing, etc.
Let’s get the ball rolling!
What Is a Real Estate Mobile App?
The mobile app specifically designed for the real estate industry is a real estate app that allows users to access property listing details and buy, sell, or rent them.
Such Apps Include Varied Stakeholders:
- Buyers
- Sellers
- Investors
- Realtors
- Landlords
A real estate mobile app development for your property business can build your brand identity, improve customer experience, drive engagement, expand wider audience reach, and increase sales.
Still confused about the decision to build a real estate app idea? Considering the latest statistics, let’s check out why to invest in developing a real estate mobile app.
Real Estate Mobile App Market Statistics
Real estate application development demands deep market research to know the possibilities you can acknowledge as opportunities to thrive.
Here, we have jotted down the latest figures indicating the survival of the real estate market in the coming future. Let’s scan them:
- By 2021, the residential property ruled the market, sharing a revenue of around 35.5%.
- Between the forecast period from 2022 to 2030, the commercial property is anticipated to claim a CAGR of about 5.1%.
- As scrutiny conducted by Next Move Strategy, in 2023, the valuation of the global real estate market was estimated to be 9.8 trillion. By 2023, the figure will likely become $14.54 trillion at a CAGR of about 5.8% in the forecast period of 2024 – 2030.
- Considering rental-type properties, they are predicted to grab a revenue share of 52.1% in 2021.
- While considering region-wise growth, Asia Pacific in 2021 impacts the market to reach 52.6% of revenue; meanwhile, from 2022 to 2030, Middle East & Africa is forecasted to boost at a CAGR of 6.3%.
- By 2030, the real estate market is predicted to grow and reach $14.6 billion.
Eyeing the statistics, we can presume flawless growth of the real estate industry, and building an app for your business will take it to new heights.
Benefits of Developing a Real Estate Mobile App
1. For Customers or Property Buyers
a) Direct Interaction
Customers can only be satisfied with an app if they get a direct response to their queries. It will help the app get loyal users and customers who buy something. An interactive app helps the customers better understand how the app works and the property they are looking for.
b) Easy Search
The filters and details of all listed properties on the app make the customer experience worthwhile. From looking at the pictures of a property to taking a virtual tour and getting all the information at one point, this one truly serves the purpose.
c) Customer Support
The users can keep up to date with the information available to them through customer support of the app.
d) Speed of Sales
A seller can accelerate his sale by posting about his property on one of these apps. Helping the sellers connect with the buyers is a perfect platform for the former to list down the available properties.
2. For Property Dealers
a) Extended Reach
The agents or the dealers can list their properties on these apps for better and broader reach. With a lot of customers looking up for properties on real estate apps, the properties of the dealers are getting the maximum reach.
b) Better Commission Sharing
These mobile apps have integrated MLS, enabling users to look up only those properties that fit their bill and requirements. They will not have to unnecessarily look at the properties which do not suit their requirements. Hence, the dealers can generate the users’ interest by showing them only those properties they seek.
c) Decision Making
Since the app is a platform connecting the dealers with the customers, it also helps them make quick decisions. These apps also help the dealer get information on potential buyers.
d) Collect Feedback
Any business or agent needs to get customer feedback as it helps them improvise changes and work towards the betterment of the app.
e) Create a Brand Reputation
Setting up goodwill in the market is always beneficial, as it will attract more customers to your brand. Through positive feedback and more sales, your brand can be listed among the top-rated brands on the app.
3. For Builders & Real Estate Developers
a) Get More DealConversion
The developers earn through conversions, and the rate of the same is high in real estate apps as today, when a daily task is being done through a mobile application, PPl makes their search for desired property through a real estate mobile application that saves time and effort.
b) Provide Quality Experience
Provide a quality experience for the users by offering a better property display with high-resolution images. With custom search refinement
c) Keep Transparency
The developers set up the platform for the buyers and the sellers. Any conversion or communication that happens between the two will be known to the developers. Therefore, they can earn money on any deal that happens through the real estate mobile app.
Revenue Models For Real Estate Mobile Apps
Obviously, money-making is what you aim at when you decide to create real estate apps. So forth, you must choose the best-fit revenue model depending on the market conditions and your target audience, following which you can offer services and make money from your real estate
You can go through the revenue models discussed below for real estate businesses, targeting the right market, defining and evaluating cash flow, and crafting strategic decisions about your services.
1. Subscription-Based
In this revenue model, you can allow real estate agents or brokers to access exclusive property listings or premium features in exchange for weekly, monthly, or yearly subscription plans. The users must pay an amount to reap the benefits of such services and features.
2. Advertising-Based
With this revenue model, you can offer advertising space to the users within your app. By paying you a specific amount, you can allow various real estate agents, sellers, buyers, investors, landlords, and realtors to display their advertisements on your real estate mobile application to increase their reach.
3. Freemium-Based
It’s the freemium model when you provide your app’s basic version for free and access other premium features and content by paying an amount. This can help you attract a large customer base and upsell premium content and features.
4. Featured Listing
You can choose this revenue model for property dealers and real estate agents looking to feature their listings on your app to get extra visibility and exposure to their properties.
5. Commission-Based
With this business model, your app can connect property buyers and sellers to charge a transaction or commission fee on successful rentals or sales through your app. The more successful users are, the more revenue your app will generate.
These business models for your real estate mobile application will meet the distinctive needs of your app, so choose accordingly.
Types of Real Estate Mobile Applications
In the real estate market, you will find many mobile apps you can develop. We have explained some top types of real estate mobile apps you can consider developing per your business needs:
1. Property Marketplace App
For their real estate business, the agents look to sell or rent their properties; besides, they search to buy or rent properties, whether commercial or co-working space.
Here comes the property marketplace app, allowing dealers to sell, rent, and buy properties based on their needs with relevant details and photos under one roof. Such platforms quickly and directly connect property managers, brokers, and realtors with their customers and real estate owners by listing their properties and applicable requirements.
How Does It Work?
- A third-party property marketplace app connects clients and realtors on a single platform to earn profit.
- There are three panels on such apps: the customers, the realtors, and the admin.
- The realtors list their properties on the app with the required attributes, like size, type, cost, location, and more.
- The customers looking to buy, rent, purchase, or sell properties choose one they like and ask for the realtors’ contact details.
- The admin charges an amount for offering multiple listing services and a commission for successful property deals between clients and realtors.
Features of Property Marketplace App
An app for real estate needs to be useful for the users, and for that, you need to include the following features:
| Features | Description |
|---|---|
| User Registration and Profile | The users of a property marketplace app register and log in to their app account. |
| Property Listing and Management | Realtors, dealers, managers, and agents use this feature to list their properties and manage their attributes, like price, size, and more. They can even run ad campaigns to boost sales. |
| Property Search and Filter | Real estate apps with this feature facilitate users’ search and filtering of properties per their requirements, like price range, size, location, etc. |
| Property Booking and Payment | The app users can use this feature to book their property and pay for that within minutes, choosing their preferred payment modes. |
| AI Chatbot and Communication | Such advanced features of property marketplace apps help with immediate customer support, answering their questions, providing explanations, and offering extra resources. |
| Reviews and Feedback | This feature allows users to review the services and provide feedback about their app experience that may help new users with the app’s usefulness. |
| Analytics and Reports | The admin panel holds this feature that eases them with data analytics and reports, which they use to emerge with app performance metrics. |
| Home Valuation Estimation | Integration of property valuation software is essential to understand its approximate cost. This feature helps with an easy estimation that takes the property buy, sale, or rent process ahead. |
| Virtual Property Tour | This is an advanced feature of an AI-powered real estate app that lets property buyers or tenants virtually witness how the property looks. |
| Multiple Listing Service | The property’s listing status is a crucial feature for the app admin to use to check the real-time status of the property listing. |
Examples of Property Marketplace Apps: Trulia, Realtor, Homesnap, Zillow, and Xome.
2. Property Mortgage & Financing App
Also referred to as property banking applications, property mortgages, and financing apps provide users easy access to financial support for varied property-relevant transactions, like property selling, investing, buying, or renting. Further, using these mobile applications, the users get a wide range of loan options from distinctive financial institutions, from which they can choose to suit their needs. Further, it streamlines agents’ and customers’ processes and lets the banks display their financial offers to potential customers.
Apart from that, users can upload the required documents and send them to the banks that can help with loan eligibility assessment. You can get a loan estimate based on financial statements, credit scores, and income.
How Does It Work?
- Such apps need extensive details, including the property a user wants to purchase, the borrower’s financial status, employment details, and more.
- The lenders receive this information using the app and decide the next step, whether to approve or disapprove the loan.
- Ahead, if the lenders approve, the bank shares a loan estimate with the applicant, ending with detailed closing costs and a commitment letter.
Features of Mortgage & Financing Apps
| Features | Description |
|---|---|
| Create a New Account or Login | The loan borrower creates a new account on the property mortgages and financing app to log in to their existing ones. |
| Advance Filter for Loans by Type, Amount, Term, Rate, and Lender | This feature allows users to filter the loan per their needs, like the type, amount they are looking for, interest rate, specific lender, and more. |
| Apply for Loans Online and Upload Documents | The borrowers can upload the required documents online with no hassle to ease further processing. |
| Verify Identity with KYC Methods | In financial services, Know Your Customer (KYC) guidelines and regulations are followed to verify the customers’ identity and suitability. The app provides this feature for easy identity checks and payment estimation through KYC methods. |
| Loan Simulator to See Different Scenarios | With this feature, the user can estimate the applicants’ loan payments and choose the suitable loan repayment option that meets their requirements and goals. |
| Track Loan Status, Balance, and History | The borrowers can track their loan status, history, and balance to be paid without visiting the physical bank. |
| Make Payments with Various Methods | Various payment gateways are integrated with the app, allowing users to choose the one they need and pay seamlessly and securely for the property they decide to buy, rent, or sell. |
| Chat with Lenders and Other Users | The chat feature allows easy communication with the lenders and other users involved in the property deals that resolve issues and provide quick solutions to them. |
| Rate and Review Loans and Lenders | The users, lenders, and loanee can rate their money lending or borrowing experience with a specific bank or lender through your app and provide ratings. This helps new users with the best and most suitable choice when considering property mortgage and financing. |
| Access Free Credit Reports, Calculators, and Resources | This app allows users to access calculators, free credit reports, and resources to ease the mortgage process. |
| Compare Conventional and FHA Loans | The users can use this feature to compare conventional and FHA loans. The government doesn’t guarantee the former one, but the latter one is offered by FHA-approved lenders. |
| View Current Mortgage Rates, News, and Advice | The users need to stay updated with the latest news, current mortgage rates, and recommendations. So forth, this feature helps with every trending essential needed for the seamless property loan process. |
Examples of Property Mortgage and Financing Apps: Redfin, Rocket Mortgage, Trulia Mortgage, Realtor.com.
3. Real Estate Construction, Design & Renovation App
A one-stop solution for your home revamping and construction needs is a real estate construction, design, and renovation app. This type of real estate app is very helpful in remodeling, repairing, or building a home. The user can design a 3D map with AI suggestions for their new project.
Using this app, you can even compare the listed contractors and choose the best one for your real estate project. You don’t even have to go here and there to know the cost of labor, construction materials, and others. By making real estate app users aware of the actual rates and best offers, such an app can be a profitable business idea.
How Does It Work?
- The user downloads this app and registers himself.
- First, the user builds a 3D map of their home.
- Then, they compare the contractors listed on the app and choose the one that meets their requirements and budget.
- The app shows the cost of construction materials, labor, and more.
Features Of Real Estate Construction, Design & Renovation Apps
| Features | Description |
|---|---|
| User Registration and Profile | The user registers on the app and logs in to their app account. Further, he adds and edits his profile, holding personal details. |
| Project Creation and Management | The user can create and manage his project with edits according to needs. |
| Design and Visualization Tools (3d Floor Planner) | Using this feature, the one interested in starting with his property construction or revamping project creates an interior-exterior design, a 3D plan, or a map using visualization tools. |
| Contractor Search and Comparison | This Feature Allows Users to Search and Compare the Contractors and Go with The Best and Most Suitable Fit for Their Project Needs. |
| Material and Labor Cost Estimation | With this feature, the user can estimate the cost of labor and materials to complete the project. |
| Chat and Communication | The app users can chat and communicate directly with the contractors regarding any aspect relevant to their property renovation project. |
| Reviews and Ratings | This feature of the app showcases the ratings and reviews the users add regarding their experience working with contractors and the app’s performance. |
Examples of Real Estate Construction, Design, & Renovation Apps: Magicplan, Houzz, Home Design 3D, Homestyler, SketchUp.
4. Property Management App
A property management app is a property management software that helps real estate agents manage all their properties at a single hub. Besides, they can store their documents and records of the properties they own and easily access them whenever and wherever they need.
Additionally, this app helps users with other features, like tracking maintenance, document storing, electronic lease issues, offering online portals for tenants, and online payment processing. Such real estate app development solutions are useful for every property owner, from individual landlords to large-scale real estate agents.
How Does It Work?
- The real estate agents register or log into their accounts.
- Ahead, they add and manage their properties in listing for sale or purchase, including varied parameters, such as size, location, cost, and more.
- They store documents and every record for his use and forward it per the needs.
- The users leverage the advantage of other features that can ease their work as small or large-scale agents.
Features of Property Management Apps
| Features | Description |
|---|---|
| Rent Tracking | This feature lets the property owners know the status of the amount paid, due, and the time left for complete payment. |
| Maintenance Tracking | The real estate mobile app users can monitor and record the maintenance activity of their asset or facility. |
| Tenant portal | This digital platform facilitates property managers and landlords communicating directly with tenants. |
| Online Payment | With this feature, the tenant can pay easily and securely online to rent or purchase the property from the owners. |
| Property Database | This hub stores entire details relevant to the listed property, like ownership, asset type, location, zoning, size, etc. |
| Document Storage | This storage allows the users and clients to store their relevant documents online and easily access them anytime and anywhere. |
| Lease and Maintain Tracking | This feature includes lease management and tracking records in which the users get the details of all the leases a company holds with perfect documentation. |
| Electronic Leases | This feature makes the most out of electronic signature technology that allows users to sign a lease online with no need to be physically present on the spot. |
| Tenant Screening and Background Checks | Also known as a tenant screening feature, this feature of the app allows landlords to verify the rental applicant’s background, past behavior, and other records for further processing. |
| Reporting and Analytics | The process of accumulating and analyzing every relevant detail needed to make informed decisions about sale, property development, or rental. |
Examples of Property Management Apps: AppFolio, Buildium, DoorLoop, Propertyware, and Landlord Studio.
5. Dedicated Real Estate Company App
Specifically designed for real estate companies, this dedicated real estate company app is best for every property builder, from individual to group. Companies can use this app to list their properties in one place and manage them easily per their ease while managing accounting tasks alongside. Besides, the app offers a comprehensive real estate CRM solution that permits property dealers to regulate the smart security features of their properties, like cameras, locks, and more.
Also, such a real estate app lets the users display their properties for sale with varied factors, like location, cost, size, type, and more. Such apps even allow users to track their properties’ real-estate status. As a result, the company can drive more customers, increase the customer retention rate, and improve the brand’s reputation.
How Does It Work?
- The users, the real estate companies, groups, or individual property owners log in to the app.
- Ahead, they list the properties they own on a single platform easily and manage them with time and per the changes.
- They track the real-time status of their properties.
Features of Dedicated Real Estate Company App
| Features | Description |
|---|---|
| Property Listing | Real estate agents, companies, individuals, or groups can use this feature to list their properties for sale. |
| Map and Geolocation | The property owners can add precise locations of their properties using the map and geolocation to allow the customers to reach the location easily to view the property. |
| 3D Virtual Tour | Such a feature is common in indoor navigation real estate mobile apps which also help the property buyers to see the property before they make an informed decision virtually. |
| Online Document Signing | Using the online document signing feature, the real estate mobile application lets users create, sign, and edit relevant documents digitally, avoiding visits to physical spots. |
| Augmented Reality (AR) and Virtual Reality (VR) Integration | Integrating AR/VR solutions in a real estate app helps with virtual property tours, immersive insights, easy mortgage calculator access, improved marketing strategies, real-time interactions, and more. |
| Artificial Intelligence (AI) for Personalized Property Recommendations: | AI-powered features of real estate applications analyze users’ interactions with property listings and provide personalized property recommendations. |
| Blockchain for Secure Transactions and Data Integrity | Blockchain, an advanced technology, helps increase real estate operations’ clarity by recording property data and relevant transactions in an immutable and tamper-proof ledger. |
| IoT device integration | IoT device integration with physical properties can help real estate agents with property analytics and insights on the go. Also, real estate companies can reap the benefits of such advanced technology to provide immersive experiences to potential buyers. |
| Camera Integration | Real estate apps with the power of AI can show the data captured by the cameras installed at the physical property, like real-time photos, videos, and more, that can be shown to potential buyers for improved experience. |
| Mortgage and Value calculator | The users can use this feature to calculate the mortgage amount and property value easily on the go. |
| CRM System | CRM integration with real estate apps offers a centralized database holding current clients, leads, and past customers, using which the users can create separate lists and reach each with a targeted strategy. |
Examples of Dedicated Real Estate Company Apps: Dotloop, Zillow, Trulia, Realtor, Propertybase
6. Smart Home App
Also known as a smart home automation or home automation app, the smart home app is best at transforming traditional homes into interconnected, intelligent living spaces. Such apps strengthen homeowners’ ability to manage and control varied non-computing devices remotely within their homes using their smartphones or tablets.
How Does It Work?
- First, the smart home devices are connected to the Smart Home app to ease users’ access to its functionality.
- Using the app, the users control their smart home devices and monitor their homes.
- Ahead, they can even customize the settings of the devices, like temperature, motion, sound, etc.
- The app users can instruct various smart home devices to act the same at a specific time, like turning on the smart bulbs.
- The apps can group the devices and control each at once.
Features of Smart Home App
| Features | Description |
|---|---|
| Compatibility with Multiple Brands and Types of Devices | This feature of a smart home app ensures the devices work seamlessly, irrespective of the brand they belong to or the technology used. |
| Remote Access and Monitoring | Smart home apps can include this feature to help users remotely control and monitor their smart home devices from anywhere. |
| Voice Control | Such a feature in the smart home app lets the users control their home-installed smart devices with voice commands. |
| Family Sharing | Some smart home apps allow users to organize and manage their devices. Also, they can create homes (one or more) and invite their home members to have control of their homes and their devices. |
| Device Control | By connecting your app with various smart home devices in one place, you can control them within a unified interface, regardless of different manufacturing and technologies. |
| Customization | This feature is useful for users looking to create custom routines or scenes triggering specific actions per their preferences, like playing soothing music at a specific time in the morning. |
| Property Value Enhancement | Boosting the recognition of IoT smart home features, constructors and property managers prefer integrating smart home technology into their assets, like security systems. This elevates the property value and attracts more tech-savvy renters and buyers. |
| Tenant Experience | The real estate app development company usually incorporates smart home features in property management apps to ease tenants with rent repayment, request maintenance, and living space management. This boosts tenant satisfaction and retention. |
| Energy Savings for Landlords | Energy-efficient solutions benefit real estate managers, allowing them to implement cost-saving measures, monitor seamless energy consumption monitoring, and determine efficiencies across multiple properties. |
| Security and Access Control | Smart home apps specifically help real estate professionals secure vacant properties, simplify key management, and monitor access. The remote access control feature controls the entry into premises and allows only authorized personnel to pass in. |
Example of Smart Home Apps: Amazon Alexa, Google Home, Home Assistant, Home Connect, and Roku Smart Home.
How Technology Is Changing The Game for Real Estate Applications?
The emerging technologies and trends are improving the real estate industry. These innovations are improving how properties are promoted, sold, and brought, making the process easy and efficient for buyers and sellers.
Let’s check out the technologies that are revamping the industry for better outcomes:
1. Artificial Intelligence (AI) & Machine Learning (ML)
AI-powered real estate applications strengthen realtors’ ability to quickly identify potential leads from various sources, like landing pages, social media, online listings, and website visits. This way, the sales reps can invest more effort in better and more qualified leads with more conversion chances.
On the other hand, Machine Learning algorithms help analyze the sales data accumulated by AI and other factors to predict property valuation. Besides, it automatically segments the ranking search results properties and suggests suitable properties.
Benefits of AI/ML in Real Estate Apps
- Active lead management
- Automated and exact valuation
- Behavioral data understanding
- Forecasting, predicting, and analyzing data
- Data representation
- Predict market anomalies
2. Cloud Computing
One of the top technologies preferred in the real estate industry, cloud computing, when integrated with real estate mobile apps, helps brokers, agents, and dealers permit users to store relevant data, such as client details and online listings, and access them anytime and anywhere.
Benefits of Cloud Computing in Real Estate Apps
- Collaboration
- Security
- Cost reduction
- Scalability
- Automatic software updates
- Cost savings
- Flexibility
- Disaster recovery
- Better customer experience
3. Blockchain
For secure data sharing, real estate mobile apps are integrated with blockchain capabilities that also streamline payments and rental collections to property owners. This helps improve operational efficiency and permits cost- and time-savings.
Benefits of Blockchain in Real Estate Apps
- Smart contracts
- Tokenization
- High transparency
- Fractional ownership
- Automated Transactions
- Easier property search
- Data management
4. Unmanned Aerial Vehicles (UAVs) Or Unmanned Aircraft Systems
The aerial view of the properties integrating unmanned aerial vehicles like drones with real estate apps, capture dynamic shorts and sweeping aerial views that boost the engagement of potential buyers. By surveying large areas seamlessly, accurately, and quickly, such vehicles find water pooling and excess debris that’s challenging and risky manually.
Benefits Of Unmanned Aerial Vehicles In Real Estate Apps
- Better listings
- Accuracy
- Highlighting more property features
- High-flying savings
- Dynamic visuals
- Outsmarting the competition
- High-resolution image content
Also Read: Drone App Development: Drone Technology Reshaping Industries
5. Internet of Things (IoT)
One more advanced technology, the Internet of Things (IoT), accumulates the data collected by various IoT devices, like sensors installed on numerous real estate properties. It sends it to mobile apps where users can analyze it and automate varied mundane jobs.
Benefits Of IoT In Real Estate Apps
- Data analytics for insights
- Intensive care to equipment
- Data storing from sensors
- Predictive maintenance
- Security
- Cost reduction
- Improved tenant experience
- Predictive analytics
- Sustainability
- Energy efficiency
6. Augmented Reality (AR) & Virtual Reality (VR)
Integrating AR/VR technology in real estate mobile applications assists in better property visualization virtually, provides remote tours to the assets, helps imagine decor aspects, and more. Everything on the app can be witnessed anytime and anywhere.
Benefits of AR/VR in Real Estate Apps
- Virtual staging
- Virtual tours
- Enhanced property visualization
- Architectural visualization
- Improved customer experience
- Virtual property showcases
- Business Collaboration
- Remote property management
7. Spatial Computing
Spatial computing connects the physical world with virtual content. Considering real estate, this technology, when integrated with apps, creates immersive 3D tours of the assets that potential buyers witness from their homes as if they are physically present there.
Benefits of Spatial Computing in Real Estate Apps
- Immersive experience
- Improved interaction
- Efficient resource usage
- Real-time adaptability
- Enhanced accessibility
8. Quantum Computing
Quantum computing, when integrated into real estate apps, optimizes tricky real estate portfolios to identify the best investment opportunities, simulates varied factors and scenarios affecting the market, and processes vast data volumes to resolve complex issues speedily.
Benefits of Quantum Computing in Real Estate Apps
- Better productivity
- Accurate results
- Cost reduction
- Unparalleled processing power
- Cost reduction
- Increased productivity
- Increased security
Steps To Develop Mobile Applications For Real Estate Business
After gaining knowledge about must-have features, types of real estate apps to build, and advanced technology to consider, the question arises of how to develop real estate applications.
We must follow the steps below sequentially to develop a useful mobile app for your real estate business.
Step 1: Define Your App’s Purpose and Target Audience.
First, you should start by defining your real estate app’s objective and your target audience, as you need to be set with a clear app vision aiming your audience with suitable content.
Step 2: Conduct Market Research and Competitor Analysis.
Market research is the foundation of building a real estate app to help you analyze your competitors and their unique selling points. Further, analyze the issues their users are facing using their app. You can acknowledge them as an opportunity to emerge with suitable solutions with the best real estate app.
Step 3: Choose the Appropriate Technology Stack and Platform.
It’s time to choose the right technology stack and platform (for Android or iOS) for your real estate app development project. This selection depends on defining the goals you need to accomplish that will end up with a tech stack aligning with the intended outcomes.
Step 4: Design a User-Friendly and Attractive UI/UX.
In this step, you need to pick the apt look and feel for your real estate mobile application targeting your audience. Make your app easy to use and engaging with UI/UX design that can increase customer satisfaction and end up with happy clients.
Step 5: Develop, Test, and Deploy Your App.
After designing comes the development part. In this phase, you build your app by choosing a development approach and performing coding. Ahead, conduct rigorous testing of your real estate app, locate the issues and bugs, and fix them. Now, your app is ready to launch for the end users. You need to deploy it on the app stores and make it ready for download.
Step 6: Upgrade & Maintenance
Building an app is not enough; for a successful run later, you should keep your app up-to-date and well-maintained with ongoing support and maintenance service.
Technology Required to Develop Real Estate Mobile App
Choosing the best-fit tech stack for mobile app development for real estate is crucial to building a top app for your business.
You can consider the below tech stack for seamless app development:
Tech Stack for Real Estate App Development
| Technology | Uses | |
|---|---|---|
| Front End | HTML, CSS, JavaScript, React or Angular | Create the app’s user interface. |
| Back End | Node.js, Python, Ruby on Rails, or Java for server-side development. | Handle database management and data processing. |
| Database | MySQL, PostgreSQL, MongoDB, or Firebase | To keep property listings growing |
| API Services | RESTful or GraphQL APIs | Helps creating app and combining data from one program to another. |
| Cloud Services | Amazon Web Services (AWS), Microsoft Azure, or Google Cloud Platform | For online data saving |
| Infrastructure | Docker and Kubernetes | Offers a scalable infrastructure for app hosting |
| Payment Gateway Integration | PayPal, Stripe, Braintree | For secure and easy online payment. |
| User Authentication and Security | OAuth, JWT, biometric authentication | For safeguarding users’ data. |
| Property Search and Filtering | Elasticsearch , Apache Solr | For better property search filtering attributes, like size, location, etc. |
How to Promote Listings Using MLS, RETS, and IDX Integrations
The purpose of all three is different from each other and might not be understandable to many. The foremost thing for the developers is to understand these three terms properly before proceeding.
1. MLS
Multiple Listing Service enables each real estate agent or dealer to share information on the properties available at their end. They also keep the users updated about the minutest information on the property. It is a directory that allows the agents to cooperate amongst the group and put up information about the properties available to them for sale. Promoting harmony among the brokers, MLS helps them connect with each other.
2. RETS
It is the acronym for Real Estate Transaction Standard, which allows the connection of raw data between the real estate website and the MLS listings. It is mostly used in countries like Canada and the United States for a smooth exchange of data pertaining to the real estate properties that are available. Any system that works with RETS, will get access to the MLS data. There are certain benefits of RETS; take a close look at them:
- The data listed on the MLS can be customized by the websites.
- The data that is listed on any website using RETS is up-to-date and has the latest figures.
- The data that has been shared on the website is comprehensive and written according to the SEO (Search Engine Optimization) for a better search.
3. IDS
The Internet Data Exchange lets the agents and the property brokers display their MLS on various websites at the same time. The people who look up properties on these websites are either the buyers or sellers of home properties. It gives the public in any area of a city or the state access to all the properties that have been put on sale. The agents make the website attractive for the users by posting attractive listings.
Cost to Develop Real Estate Mobile App
Wondering how much it costs to develop an app for real estate? Like all other apps, the cost of real estate app development also depends on the features included in the app, its complexities, and the time spent on the development of the app. Take a look at the approximate cost of time spent by the app developers on the app:
- U.S.-based developers: $100 to $250 per hour
- Indian app developers: $25 to $50 per hour
- Developers based in Eastern Europe: $80 to $180 per hour
These are rough estimates and might vary from app to app and developer to developer. A real estate mobile application with ample features will cost you around $20000- $30000; however, if you are looking to incorporate most advanced technologies features, including multiple integrations, Then the cost of real estate mobile app development will increase, and it can go around $50000 to $200000.
How EmizenTech Can Help You With Creating App For Real Estate
You may be tech-savvy and hold the caliber to build an app for your real estate app business. But wouldn’t it be challenging to do this while running your business?
Being the right choice for your Real Estate Mobile App Development Company, Emizentech looks to help you with your project. Leave all your worries to our real estate app developers; we will support you with every assistance you need to build an app for your business. How?
Go through the highlights of Emizentech below to ensure you choose the best for your app development project.
- Free Consultation
- Perfect Guidance
- Offer Competitive Pricing
- Team of Certified Mobile App Developers
- Choose the Right Tech Stack
- Build Competitive Apps
- Awarded by Clutch, GoofFirms, etc.
- Latest Technology Expertise and Experience
- Round-the-clock Assistance
- Collaborative Working
- Seamless Communication
- Ongoing Maintenance and Support
- Consider Data Privacy and Security, etc.
Conclusion
While wrapping up, let’s recall the topics we discussed. You have learned why to invest in mobile app development for real estate business, revenue models to choose from, types of apps you can build, technology to include, tips to promote your property listings, steps to build your app, tech stack, why opt for and real estate app development services more. We hope you find this blog helpful to kickstart your app development seamlessly, holding the knowledge of every essential parameter.
Also, hiring a real estate app development company can help you with the best real estate mobile app development from a certified team of experts and extensive support.
Connect with a team of real estate iOS & Android App Developers and kickstart your project now!
Frequently Asked Questions (FAQs) About Real Estate Mobile App Development
Real estate businesses should consider developing a mobile app to stay competitive in the digital age. An app allows them to provide convenient property browsing, personalized searches, and seamless communication, enhancing the user experience and attracting more potential buyers and sellers.
Several factors influence the cost of real estate mobile app development. These include the complexity of the app’s features, the platform(s) it will be built for (iOS, Android, or both), design requirements, integration with third-party systems, and the development team’s hourly rate.
While it’s not mandatory, hiring a professional mobile app development company for real estate app development is highly recommended. They have the expertise to create a high-quality, user-friendly app that aligns with your business goals. They can handle design, development, testing, and maintenance, saving you time and ensuring a successful app launch.
When developing a real estate mobile app, it’s important to consider legal considerations and regulations. These may include compliance with data protection laws, privacy policies, fair housing regulations, and intellectual property rights. Consulting with legal experts will help ensure your app meets all necessary requirements.
Future trends in real estate mobile app development include the integration of virtual reality (VR) and augmented reality (AR) technologies to provide immersive property tours, the use of artificial intelligence (AI) for personalized property recommendations, and enhanced data analytics to gain insights into user preferences and market trends.
The time required to develop a real estate mobile app depends on various factors, including the complexity of the app, desired features, design intricacy, and the development team’s efficiency. On average, it can take anywhere from a few months to a year to develop a fully functional and polished real estate mobile app.
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