Real Estate on the go: Features and cost of Business App Development
Home is called our personal space and we find all the comfort at home like nowhere. When it comes to buying or renting a house, people are very selective about it. People face a lot of problems while shifting to a new city or buying a new house such as property papers, good locality, etc. Real estate business app development comes into play because of these problems.
Real estate app development apps are in high demand these days. Many entrepreneurs wish to grab this opportunity and enter into this side of the business to accelerate their revenue and profit in business. Most people have developed a sudden interest in the real estate market.
The main question that arises here is if you are interested in entering the market with an efficient real estate app, do you have the complete information about it? How will you compete with the other popular apps available in the market? Do you have an idea about the cost of developing real estate apps?
In this blog, you will get the answers to all these questions. We have come up with a complete guide to real estate app development features, necessity, and cost. But first, let’s see what are the reasons behind the need for real estate app development.
Why You Need Real Estate App Development in 2023?
Real Estate Market Industry Insights
According to the reports from grand view research, it is estimated that by the end of the year 2025, the real estate market might reach revenue of $4,263.7 billion. But the COVID-19 pandemic had a huge impact on stats; the impacts were both positive and negative. Among all the property types, income properties are at the top.
Because of the pandemic, the rates of homeownership were increased but home purchasing was on a hike and it will continue in 2021 as well. There were also changes in mortgage rates and house preferences. There has been an increase in demand for larger spaces, home offices, etc.
In the USA, by February 2021 there was a hike in home prices so approximately 54% of new homeowners took advantage of low mortgage rates.
From the above stats, it is clear that people are very much interested in buying new properties and are never going to lose their interest. In the passing time, they will find innovative ways to buy the houses like real estate apps. The apps like Zillow, realtor.com, and Trulia are performing great and are very popular among users. Hence, the real estate industry is one of the most popular, long-running, and profitable sectors.
So, if you are planning to get a real estate app for your business, then first let us explain to you the associated features and cost for developing a real estate app that will scale your business to the next level.
Must-have Features for Real Estate Management App
Addition of a few mind-blowing features that can attract users would help your real estate app to outshine other apps. The real estate app development company which you have hired must focus on the addition of excellent features to your application. You must add the following features in the real estate business app that is mentioned below:
Linking the calendar would be a great option as the app would make checking things much easier for app users. The users can also the dates of the property they saw and can manage their visit to the property accordingly.
Admin panel or a center which has control over all the panels, be it the user panel or agent panel. Let’s see some features:
How Much Does it Cost to Develop a Real Estate Management App?
The cost of a real estate management app depends on several factors such as features, app complexity, platforms, type of app, location, team structure, and tech stack, etc. The overall app development cost may vary based on the app development process and the time taken.
The most important factor to be considered here is if you are hiring a leading app development company or outsourcing the app development service, you have to know how much they charge per hour. The hourly charges of developers vary from country to country. So, this will have a huge impact on the overall cost of app development.
Depending on these diverse factors, the cost for developing a basic real estate app development may lie somewhere between $15,000 – $35,000. If you wish to have a hybrid app with advanced features and the latest
technology stack, it would cost you much more.
Develop an On-Demand Real Estate App for Your Business
For the past few years, real estate apps have been trying hard to make their space in the market. And today, the real estate app development sector has successfully made its space in the market and is booming at a fast speed and flourishing as a promising area for business development.
If you are interested and looking for an opportunity in the same industry, this is the correct time to invest your money by outsourcing your project to a reliable app development company. By doing this, you can get your efficient real estate app and can generate higher revenue. You can help users worldwide that are eagerly looking for an appropriate property through your efficient app with the latest features.
Echo Innovate IT ensures that you can beat your competition in the market with a competitive app. We will guide you to discover the digital potential of your real estate business. We can turn your real estate idea into a reality. Contact us now and begin your developmental process.
Your app can use a variety of different monetization methods. Listed below are some profitable examples:
- Third-party advertisements
- White labeling
- Business Analysis
- Market Research
- App or Software Launch
- Maintenance and support