How to Develop a Commercial Real Estate App?

Nowadays, real estate is one of the rising industries because of its high return. In fact, everyone knows that startups and organizations come together to invest in it due to its benefits. That’s why, this is the main reason why people want to develop a real estate app. Without having an online application is just like a cake without sweets. 

Why Is There a Need to Develop a Real Estate App?

By developing your application, you will get various benefits. Here, we will elaborate on the necessity of it. 

• Expanding market: Marketers usually in the age group of 24 to 42 prefer to buy properties online. In fact, 72% of the market has already expanded by using this. Moreover, the National Association of Realtors says that 78% of Generation and 80% of Millennials use their gadgets to get real estate. 

• Investment in real estate technology: Nowadays, everyone is using drones to attract more customers to your IoT app development. By using AI and ML, people can effortlessly inspect properties. 

• Going beyond standard models: If you develop a real estate application, users can easily search the targeted property. Moreover, they can purchase and sell their property through the application. This app can also be used by professionals. 

• Enhanced efficiency: By developing the applications, you can see that your tasks, agent service delivery, and client communication will be streamlined. 

How to do Real Estate App Development?

We will go over several stages that will assist you in preparing an application. Make sure to take note of the steps provided. 

• Finding Out Competitors: Before moving further, you should know your competitors by analyzing the market. You should know the specific key points what different features your opponents provide, and what the individuals think about them. 

• Designing a minimum viable product (MVP): After that, you can develop MVP and observe the working of it. 

• Setup a database:  Without having a proper database, your application is not appropriately built. You can simply connect with LMS (Multiple Listings Services). Moreover, if you want to operate properties across the United States, opt for the Partner with syndication platforms. 

• Integrating With CRM: The next step is that you need to do CRM (Customer Relationship Management) integrating to simplify business operations. Moreover, it will improve client relationships. 

• Developing the application: While designing your real estate app, you can consider these factors, such as cost estimators, 3D modeling, and ease of communication. 

• Creating a brand: When you develop a real estate app, you will get sales and revenue by spreading brand awareness. 

• Adding a comparison feature: This would be the last feature where users can effortlessly see different prices of different properties according to their location. 

Real Estate App Development Cost

The following section will discuss various factors that will help you to finalize the accurate cost. 

• Features: The first major factor is the features you want to include. Simply put, the more features you add, the higher the cost. For example, a basic real estate app with necessary features like listing details, property search,  and a contact form typically falls from $40,000 to $100,000. 

• Platform: The decision to create for iOS, Android, or both will influence your budget. If you want to develop for both platforms, your costs will naturally be higher, as you will need two versions of the app.

• Design: Investing in comprehensive UI/UX design ensures that your app is attractive to use. This includes everything from wireframes and prototypes to comprehensive user research and testing.

• Backend: The backend manages property data, payment processing, push notifications, and geolocation services. Developing a reliable and scalable backend can cost anywhere from $15,000 to $30,000. 

• Ongoing Maintenance: Once your app is launched, it doesn’t end there. Ongoing maintenance is required to keep your app running smoothly, fix bugs, and introduce new features as user expectations evolve.

The End Notes!

By opting for Appikr, the top mobile app development company, they can effortlessly develop a real estate app for you. In fact, it offers various benefits to its potential customers. While reading this entire guide, you got to know why it is necessary to have an online application. Moreover, we have provided you few considerations while deciding the appropriate cost for the app development. Hopefully, all your doubts have been resolved.