Real Estate

Why it’s important to utilize technology when buying a house

3 Mins read

Technology was always intended to make our lives easier and better, even in the 1800s when the telegraph was created, followed by Samuel Morse’s Morse code in 1835. Modern technology, however, took these intentions and doubled them. We have multi-functional devices like smartphones, and our computers are more portable than ever before.

With that said, there’s too much focus on how technology has changed how we communicate or entertain ourselves. We have to remember it’s also altered the way we do business. For example, the real estate industry, which previously had a reputation for being complex, has evolved since society moved into the online sphere.

Long gone are the days of going to a brick-and-mortar retail estate office and then driving around for hours viewing properties. Individuals can still do that if they want to, but on the days where they are preoccupied or want more options, it’s important to remember that they can utilize technology when searching for a home. Below are a few examples of how.

Buyers can view properties online

After finding a mortgage broker, viewing properties is one of the most crucial steps in buying a home. Not everyone, however, has the time to drive around looking at them, especially if they don’t live in their desired location.

With the introduction of virtual reality technology and drone photography, prospective buyers can receive all-around views of a house. Viewers can get detailed images of the house by zooming in and out. They can also click through the house as if they were doing a walk-through.

Buyers can get help and advice online

First-time buyers often wonder how to get a first-time buyer mortgage, along with what the different types of mortgages are for first-time buyers. And ultimately, how to save money on their mortgage. Luckily, the hassle of finding a mortgage broker has eased, with the internet offering plenty of advice. For example, online mortgage broker Trussle offers mortgage advice to first-time buyers, as well as comparison services and tips for those who want to manage their home and save money. Even spending a little bit of time every day reading through the advice on mortgages and saving money that’s provided on the Internet will help individuals feel less overwhelmed when they do finally find the home of their dreams.

Buyers can stage a home online

Augmented reality (AR) also allows buyers to stage and furnish a home. It’s all well and good to take a 3D tour through a house, but what if they can’t envision their furniture in that house? AR has solved that problem since many online services allow buyers to add virtual furniture into spaces before making their purchase. For instance, individuals can swap out tables and sofas with the style they want to make sure they can truly see a future in that home.

Buying a home can be overwhelming. However, the Internet has eased the process by letting individuals view properties through augmented reality and drone photography, receive tips and advice from online mortgage brokers, and furnish a home how they would want to before purchasing it.

Buyers can shop for Insurance Online

Home insurance is a must-have for any homebuyer. While it’s not required to buy a home, it will be required by your lender to get a mortgage and it’s not something worth skipping. Homeowners insurance policies protect your home from a variety of unfortunate circumstances. Homeowners insurance doesn’t just cover the home itself but the content of your home as well, up to certain coverage limits.

Homeowners insurance rates will vary by a variety of factors like the replacement cost of your home, age of your home, deductible, home location and your credit and claims history, marital status and more. Rates do vary by individual factors but homeowners insurance is not necessarily cheap. Premiums can cost in excess of $2000 per year.

Luckily, technology has helped us to shop smarter when it comes to homeowners’ insurance. The first step is comparing quotes from various insurers. In the past, this meant visiting local home insurance agents or contacting an individual insurer directly over the phone. Now, online marketplaces and comparison engines allow you to provide your information and compare homeowners insurance quotes side by side from multiple companies all at once, saving you time and money. You can compare costs, coverage, deductible, and companies to find the best coverage at the best price in a fraction of the time.

Read Next: How technology has changed businesses’ finances

Leave a Reply

Your email address will not be published. Required fields are marked *

4 + 4 =