Have you ever wondered how some people are able to generate a lifetime of wealth? For many decades real estate investment has been one of the more reliable ways to acquire assets and put your money to work for you. By doing so, this sets people up with additional income and future retirement funds leading to a comfortable and worry-free lifestyle.
You don’t have to be an experienced investor to enter the real estate market, first time buyers with an extra bit of capital to spare can also secure a buy-to-let or buy-to-sell property to increase their wealth. With today’s technology, it couldn’t be easier.
Whether you’re looking to secure a property to rent out, or wanting to renovate and flip a property for profit, using technology to help you through the process should set you on the path for success. Here are a few ways you can use the latest tech to start you on your investment journey.
Learning How to Invest in Real Estate
One of the main reasons people decide not to invest in real estate is due to the lack of knowledge and information they have about the market and what the investment might entail. Many people see real estate as having a savvy businessperson attached to it when, in reality, anyone can invest – with the right due diligence, of course. With the plethora of information guides and e-books available online, there’s no need to feel uninformed. Technology has made real estate investing much more accessible, providing people with the opportunity to learn about the market from the comfort of their home.
As the web is so far-reaching, many real estate specialists consistently upload articles, blog posts and podcasts to their websites and often offer downloadable guides for free. RWinvest, for example, a UK based company, offer tips on where to find the best investments and how to get started on your real estate venture.
Real Estate Listings and Searches
As technology advances, more and more platforms are appearing, allowing homeowners, real estate agents, investors and developers the opportunity to list and search for properties. Usually, for a small fee, people can use real estate platforms to sell or buy a property. If you are using this type of platform to look for potential investments, searches can be filtered by location, price, how old the property is, etc. to give you the best listings on the market. Users can add photos and videos to the listings to give people a clear indication of what the property looks like, as well as how spacious it is.
The real estate sector recognises the demand to make investing more accessible, and with the ever-increasing digital technologies, this is only going to push the industry forward. Recently, due to travel and face-to-face restrictions, the real estate market have included AR and VR into their strategies when it comes to buying and selling properties. Virtual tours have become a big hit when it comes to investing in real estate; potential investors can view their future asset in a first-person perspective as if they were taking a tour in person
Leading real estate companies have the capacity to use virtual reality (VR) drones to showcase both residential and commercial properties. 360-degree photography is also used to give an in-depth look at a property before investors make the journey to visit the site in person. This has not only helped with current Covid-19 measures but has opened up the market to investors overseas as people can now invest remotely.
Apps and Automation
Finally, once you’ve secured your investment, if you haven’t done so already, you can manage your assets all in one place, often from the click of a button. Some real estate investors find managing a rental property to be difficult, especially when it comes to collecting the rent. Now, with the help of property management tools like apps and automation software, busy or inexperienced investors can oversee their investments and take care of maintenance issues, late payments and important documents such as tenancy agreements all in one platform. Landlords can now automate their real estate responsibilities and save time by using the latest features.