Real estate has been using the same boring and outdated method for a long time; it is now time for the revolution. Data Management Platform is ready to change the course of a real estate. Real estate industry is getting ready to welcome the change, following the course of many other industries that are knee deep in data management, real estate industry is about to join the data trend.
Even though the majority of the industry is leaning towards data management, still some are reluctant in about the implementation of data management. Some agents who know the ins and outs of the industry doubt the platform’s capacity in property sales. By getting hold of the previous information the industry has come to the conclusion that the application of an ideal data management platform can really transform the real estate structure.
The following are some of the important points is designing a great real estate structure with the data management platform.
- Standard information to all the buyers.
- Investors cannot be cheated
- No part of agents manipulating the customer
- Every need of the customer can be satisfied
- Improve construction administration
Better residential society
All the essential information are provided to the consumers by a data management platform. The platform helps in formulating new and improved planning strategy for society building. Proper planning is vital for a residential society that is made possible with the help of all the vital data provided by the platform. The analytics provide the real estate builders with information regarding health care and energy competence needed for proper construction development. Data even plays a big role in the engineering concepts, with the help of which, the civil engineers get better information to engineer those buildings with stronger basements and dig ups.
In the present scenario, companies are able to build perfect performance insights with the help of data obtained from the system. Without the involvement of data providing technologies, the real estate business will make use of unprocessed data that never provided them with complete accurate results. The involvement of data has turned the real estate industry into a transparent business providing a clear trajectory for the future plans. Managing of the information extracted from the outputs of censuses, the consequences of consumer appraisals, catalogs of homes for sale and lease, data of the geographic information systems, etc are all done by data management platform today. The analytical tool describes the patterns customers use while buying properties and it clearly improves sales in the industry. From the data provided by the platform about the scenario of real estate, people will become more aware of building and houses available in the locality.
No part of agents manipulating customers
There will be no need to involve a broker with a huge chunk of money to know about available property in the neighborhood. All the customers need to do is check a reliable website that provides all the necessary information about the availability of the places. If you are going by the traditional method of hiring a broker, at any point in time you can check the internet for comparing the prices. A quick survey in the World Wide Web will allow you to come to a better conclusion protecting you from the huge loss you might have gone through.
Investors cannot be cheated
With the help of analytics provided by the data management platform, all the investment sectors including banks can find out if the offers provided by real estate business are worthy. Today due to the transparency of real estates, which is because of the business insights DMP provides to its users, people are too aware of which properties they should buy and which they should not. Even DMP has given the banking sectors full rights to view the real estate insights, as a result of which, before investing any money, the investing sectors make sure that every penny is worthy for that particular property.
Every need of the customer can be satisfied
As data management helps customers in experiencing safe buying of the products, in the same way, it gives a complete idea of the search procedures customers follow while finding the properties. Taking the help of those search patterns of the customers, DMP helps the real estate developers to promote their businesses the way the customer wants to see. The information from different sources allows the real estate developers to have a deeper understanding of what customers want and accordingly they can implement those requirements in developing their properties so as to satisfy the customer demands.
Improve construction administration
DMP has been forwarding its helping hand towards construction management also. As a result of which the real estate developers are able to keep track of all the projects related to construction. With the help of sensors and cameras, every moment in the construction place can be tracked resulting in secured businesses. The application of smart devices in the real estate projects seems to be a bit costly, but the results it gives seems to be worthy for such payments.
DMP manager elevating Real Estate
A spectacular 27% increase in sales within a short span of time after implementation of DMP manager. Based on the previous buying pattern and growth, the DMP manager delivered accurate data to target the right customer who are more likely to convert. This enables the organization that implemented DMP manger to target precise audience and get more conversion. It resulted in a 29% increase in conversion when compared with previous conversion rates. There is also an acute increase in customer interest for one particular real estate organization for they displayed better customer response. The data handled by the organization was accurate and it provided approximately 0.12% chances of error when approaching a particular customer. All these factors totally contributed to the increase in the net profit of the organization by 31% when compared with the previous years.