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The real estate industry has always been primed to adopt new technologies. We have seen it in the real estate investment market...be it an AirBNB business, or fractional real estate ownership online. Technology is now transforming the physical home into a one-stop shopping of total convenience and leisure (i.e. smart homes). The pandemic ushered in a new era of remote work and telehealth services, and its potential for digital transformation is enormous. From smart home technology to blockchain real estate transactions, here are 10 innovations that will shape the future of real estate.

Smart Homes & Energy Management

Smart homes are all about making the most of your time and money. For example, smart homes can be controlled remotely by using a smartphone app or voice commands to turn lights on, adjust thermostats, unlock doors and more. By automating these tasks you can save time, minimise energy costs and reduce clutter in your home by removing the need for multiple remote controls.

Smart homes also make use of sensors that monitor internal environments such as temperature, humidity levels and carbon dioxide levels in order to keep occupants healthy while decreasing costs associated with heating/cooling equipment (which accounts for up to 30% of annual electricity bills).

Voice-Activated Devices

Voice-activated devices are becoming more popular, and for good reason. Voice control is a convenient way to save time and effort by doing things like turning on the lights and security system, adjusting the temperature in your home, listening to music or even making phone calls.

Voice control can also be used as an extra layer of security for your home-for example, you can use it so that only people who have registered their voices with the device will be able to access certain areas of your house or complete certain functions (like unlocking doors). This is especially helpful if you have kids or pets: instead of having them climb up onto chairs or counters in order to reach door handles every time they want outside access but don't want anyone else sneaking out after dark (or vice versa), voice activated locks will let them open doors themselves!

Environmental Metrics

  • Energy use and carbon emissions

  • Water and wastewater

  • Indoor air quality (IAQ)

  • Noise and air quality

  • Lighting and power consumption

  • Heat and cooling systems, including HVAC, chillers and boilers

  • Water use accounts for up to 60% of total buildings' water consumption. This number can be reduced by using smart metering systems that monitor usage in real time. Smart metering solutions also provide the ability to remotely adjust settings like temperature control based on occupancy levels or time of day in order to reduce energy costs.

  • Food waste tracking is becoming more popular as an additional benefit of building automation systems powered by IoT technology. For example, US-based company WasteZero has implemented its solution at several colleges across the country which allows students to track their progress towards reducing food waste through a digital dashboard on mobile devices or laptops connected via WiFi access points installed throughout campus buildings; another example is UK-based startup GreenBox which enables users to measure how much food they are wasting with a customised scale for measuring ingredients used in cooking meals at home - although this solution currently only supports UK pounds (£).

Robotic Process Automation

In this article, we'll be looking at RPA. What is it? How does it work? And how can you use it in your property business?

Robotic process automation (RPA) uses software to automate and improve repetitive tasks that are either too complex for humans to perform or in situations where the human cost of doing so would be prohibitively expensive just like predictive dialers to make automate calls to potential customers in real estate or other market  even before the agents are available to attend and reduce the time taken manually. RPA has been around since 2010, but its popularity has grown rapidly in recent years as businesses have started to realise how effective it can be.

This year alone saw more than $1 billion invested into robotic process automation companies by venture capital firms; this is double what was invested last year and reflects a growing awareness of just how valuable these systems can be if implemented correctly. The real question now is whether this trend will continue next year-and if so, where will we see some of these systems being used?

Video Conferencing, Virtual Tours and 3D Models

  • Video Conferencing

Video conferencing is a great way to connect with clients and potential buyers, as it makes interacting with your property feel much more personal than email or text messages. This also allows you to show off the features of your building in real time, which can be very useful when trying to sell a unit that has unique amenities.

  • Virtual Tours

A virtual tour lets you share an interactive 360° view of your property with anyone who wants to see it, including prospective tenants and buyers from around the world! In addition, this technology can be combined with 3D modelling if you want even more detail about what's inside each room or area on each floor (and even outside on balconies).

  • 3D Models

Video Doorbells and Smart Locks

As the technology becomes more accessible to the masses, video doorbells and smart locks will be the most popular smart home devices. This is especially true in areas where homeowners are wary of people they don't know. Also, as a result of technological advancements, these products have become easier to install than ever before-and they offer plenty of benefits that can improve your property management business!

  • Video Doorbells: Video doorbells allow homeowners to see who is at their front door from anywhere in the world via an app on their smartphone or tablet. They also provide additional security features for homes by monitoring activity around doors, windows and other key points on properties with motion-activated cameras that send alerts when activity occurs within range of its sensors (i.e., if someone approaches your property).

  • Smart Locks: Smart locks let you control access into your building through an app on your smartphone or tablet from anywhere in the world-plus they allow tenants to lock/unlock doors remotely through their device as well (a great benefit for those times when tenants need help cleaning up after themselves!). They also boast geo-fencing capabilities that alert owners when people move outside designated areas so they can keep track of where everyone is at any given time throughout each day-keeping them informed while also ensuring tenant safety!

Real Estate Chatbots and Apps

Chatbots have been around for a while, but they've only recently become a part of the real estate industry. A chatbot is an artificial intelligence (AI) program designed to simulate conversation with human users. Chatbots are used for a variety of tasks, including booking flights, ordering food, and completing other routine tasks.

Chatbots also can assist with real estate transactions by providing information about properties and agents as well as helping you schedule showings.

Blockchain and Cryptocurrency

You've heard of blockchain, but what is it and why should you care?

Let's dive into the details. Blockchain is a secure & transparent digital ledger that records transactions between two parties efficiently and in a verifiable way. It uses cryptography to store information about those transactions in a linear chain of blocks which are visible to everyone. Each block contains data about the previous block in the chain, forming an unbroken chronological sequence from link to link (hence "blockchain").

The blockchain network lives in multiple copies on multiple computers around the world called nodes, ensuring that there is no central point of failure or control for any tampering with data that occurs within it. The network itself acts as a kind of collective brain - continuously checking its own integrity by comparing new blocks being added against existing ones through algorithms known as consensus mechanisms that ensure agreement among all nodes before adding them to their copies of the ledger (known as "nodes"). This means that if you want something recorded on this blockchain - whether it be property deeds or other valuable information - then each record must be verified by every node on your network before being added permanently into its decentralised database!

New Architectural Designs for Tiny Houses and Micro Apartments

Tiny houses are a growing trend in the US, and they've been on the rise since 2009. Their popularity has grown as people realise that tiny houses are a great option for living a simpler life, but they're also sustainable and environmentally friendly.

Here's how it works: A person builds a home that's often less than 500 square feet (46 square metres), which means if you want to build one yourself, there are plenty of opportunities to find land or buy an existing property where you can build your own mini-estate. You'll have all the benefits of enjoying nature without sacrificing space or comfort-and often at half the price!

As you can see from this list of top real estate trends for 2022, many Americans are looking for more options when it comes to micro apartments and tiny homes like we've seen over recent years thanks to shows like Tiny House Nation on HGTV. So if you want an affordable way to live sustainably while still having access to amenities such as WiFi or electricity (or even better yet both!), now's definitely not too early to start planning exactly how much room will fit into your new home once it's built completely!

Geospatial Analysis

Geospatial analysis is the science of collecting, storing, analysing and visualising data. It can be used to make sense of data, and to understand the relationship between data points. Geospatial analytics is a powerful tool for property managers as it helps them to predict future trends and patterns in the market. For example, geospatial analytics was used by an apartment complex in Australia to determine how many parking spaces were required based on factors such as population growth or changes within the area. This decision helped them reduce their parking costs by $2 million per year!

Property Technology is constantly evolving.

Property technology is constantly evolving. New innovations and trends are constantly being developed, and they can help make better decisions easier to make. It's important to keep track of these changes so you know what's coming down the pipeline next!

Conclusion

I hope this overview of new property tech trends and innovations has been helpful. As we move into the future of real estate, it's important to keep up with what's happening in our field, so you can better serve your clients. I recommend that you bookmark this article and use it as a resource when discussing future tech investments with your team or team members. In the meantime, get started on those podcasts!

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