The virtual reality market expected to explode over the next decade according to Goldman Sachs, suggesting the VR will be an $80 billion industry by 2025 ($2.6 billion in real estate), the size of today’s desktop PC market. The application in real estate can allow homebuyers to virtually view homes is broad, used for home tours and new construction where it’s being used already on new condo developments. It takes virtual tours to a new level providing insight on a space flow, dimensions and possibilities. It could be used to “show” a home that needs work what it could like post renovation, allowing a prospective buyer to visualize and experience everything. For home shoppers, they can narrow their search to see which homes deserve an in personal showing. Developers can pre sell units along with providing access to the entire building to preview amenities. This won’t change the industry, but can provide another level of depth to the consumer experience. Samsung is now offering it with a purchase of their mobile phone.
“Get a free Gear VR powered by Oculus, plus a VR content experience – an estimated $150* value – with the purchase of a Samsung Galaxy S7, Galaxy S7 edge, Galaxy Note5, Galaxy S6 edge+, Galaxy S6 edge or Galaxy S6. Limited time only, while supplies last.”
We look forward at DwellOwner to implementing this product in our offering for consumers to make the industry better.