Things have changed The Way You want to invest in Real Estate

In the coming years, the real estate industry will undergo significant changes. We all know how it has been in the last few years, especially when it comes to millennials and Generation Z entering the workforce. What we don’t know is how it will change things in the future.

Technology Impact

The world is changing rapidly, technology has dominated our daily live and so as real estate. So, you essentially need to understand, “how you should approach real estate”:

1. There will be an increase in modular homes

2. More homeowners will turn to alternative energy sources

3. A new generation of super-skilled agents will emerge

4. New builders will emerge to meet the demands for affordable housing

5. Home ownership rates are on the rise for millennials

There are many things that will change the way you approach real estate in the near future. Some of them are already here and others are on their way.

A new buying concept is slowly changing the way real estate is being approached. We are slowly entering the era of the internet of things (IoT). Soon, everything around us will be connected to the internet and valued for its “realness”. There are few things that will change your perspective and hence buying experience.

AI (Artificial Intelligence) powered devices and applications will soon take over our homes, making sure we never run out of clean clothes or food again. These devices will also connect to other devices in our home, like thermostats or coffee machines, and learn how we like these things set up.

The way people invest in real estate is changing. Nowadays, the investment can be done at a distance by using digital tools. With these tools, the investor can get information about the property and ask for help from professionals in the field to assess its value. Some of these tools also allow investors to buy properties without face-to-face meetings with sellers or their agents, which lowers risks for all parties involved in this transaction.

1) The real estate markets are becoming more open through digitalization

2) Brokers who possess adequate business skills and customer service skills are the ones who survive and prosper.

3) Buyers are empowered by technology

4) Sellers lose control over their data

5) Investment opportunities are greater than ever

Change in Preferences    

Other than stated above, we also have to understand that in the past, there were many reasons why people invested in real estate, such as securing a long-term investment and a hedge against inflation. But with the changing times, there are five things that will change the way people want to invest in real estate.

• Investors today want a return on their investments quicker than before.
• Investors today want more control over their investments than ever before.
• The average investor today wants to diversify his or her portfolio with investments across different sectors of real estate such as industrial, residential, commercial and retail property.
• More investors now want to invest abroad as well.

There is a lot of hype surrounding the future of real estate and the idea that we will see more and more people start to invest in it. For some, this is not a new trend.

Many investors are looking for ways to get their feet wet in the property market without putting up all their money.

Some of these ways include:

• Equity crowdfunding – which has been around for a few years now but is still relatively unheard of.
• Residential rental investing – renting out your property to tenants who can pay off your mortgage and other expenses while you sit back and enjoy your investment’s returns
• Buying cheaper properties with less risk – purchasing lower-value properties that offer more security than higher-priced ones because they’re easier to resell.

In short, real estate business canvas is rapidly changing and it demands C- Change in our business approach.