Mobile technology is quickly being adopted by the real estate industry. With more real estate searches and transactions happening online, real estate businesses need a robust real estate mobile app development strategy to stay ahead of the competition.
If you develop a feature-rich, easy-to-use real estate app, it will allow you to interact with users more efficiently and enable them to search and sell properties more quickly. But how do you create an app that doesn’t just entice users but positions you competitively? Here’s a step-by-step guide to creating a winning app through real estate application development.
The first thing to do if you want to develop a real estate app that is successful is to know your target audience. Are you looking to target property buyers, sellers, renters, agents or all of them? Their needs and priorities will be different.
For instance, property seekers will be looking for an app that can help them easily search for their ideal home. Utilizing real estate software development services can facilitate the creation of such features.
Conduct user research to understand:
These insights will guide your real estate mobile app development process and ensure the app is tailored to user needs.
Your target users will determine your app's feature set. Some key features real estate apps must include:
Through mobile app development for real estate, you can integrate additional features like AI-driven property recommendations or AR/VR tours for a competitive edge.
The architecture you build your app with is very important to give your users a convenient experience. The key components include:
You can build mobile apps for iOS and Android without writing the same code again and again using cross-platform frameworks like React Native, Flutter, Xamarin or native platforms like Swift Kotlin.
The backend app server manages your app data, business logic and integrations. Cloud platform development can be fast on AWS, Azure, or Firebase.
Common database options include:
Real estate apps often need to connect with external services for capabilities like:
Many popular API services are available that can plug into your app.
An admin portal allows your agents and business users to access and manage listings securely, leads, reports etc, from a desktop without needing the mobile app.
While you can always hire in-house developers, working with an experienced real estate app development company has its perks. An established developer understands the industry standards' latest tech capabilities and has pre-built components and processes to accelerate development.
Look for a developer that has:
If you’re working with a reputable company, they’ll also have a very solid process in place for data security, regular product updates, and maintenance and support post app launch.
Simply having a mobile app is not enough. You also need an effective monetization strategy to maximize your return on investment. Here are some of the best ways to monetize your real estate app:
In-app ads are a popular route. You can show non-intrusive but relevant ads targeted to property hunters. The key is to strike a balance between ads and user experience.
Agents and brokers can opt to pay for premium packages to increase their visibility on your app and improve their listing positioning, and some can even get detailed analytics.
Whenever users book services like home loans, insurance, legal paperwork etc, through the third-party partners integrated into your app, they charge a percentage fee.
Users who pay you a recurring fee, usually monthly or annually, can use your app’s premium features such as unlimited property listings, tour bookings etc.
Integrate some innovative revenue opportunities within your app such as virtual furniture or digital property tours.
Your app can’t be successful without user acquisition. With millions of apps in app stores, it’s a tough challenge to stand out from the crowd. It is important for an effective marketing strategy.
Promote your app across your business social profiles actively. Encourage sharing by users. Grow a hashtag to unite a community.
Google, Facebook and Instagram ads allow granular targeting by demographics and interests. Retarget users who have shown interest.
Keep promoting your app with print materials, billboards, booths at relevant events at a local level etc.
The first step is launching your app. Keeping an eye on key metrics will help you understand what you can do better to improve your product even further.
Key KPIs to track include:
Use these insights to refine your real estate mobile application development strategy and optimize for user satisfaction. User feedback surveys also provide qualitative data to guide your product roadmap.
Here are the key things to keep in mind:
The real estate market is dynamic. New disruptors can quickly emerge. By taking a strategic approach to building, monetizing and evolving your app, you can gain a distinct competitive edge.
Disclosure: This list is intended as an informational resource and is based on independent research and publicly available information. It does not imply that these businesses are the absolute best in their category. Learn more here.
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