Virtual Walkthrough Viability

[Mario Ciccarelli]

Out of curiosity; would you as an investor or property manager, benefit from a virtual walkthrough?

A virtual walkthrough would give you a model of a property that you could walk through at your own pace. At any point you could stop and spin around 360°. This would allow PMs to share walkable models on their website for prospective tenants to explore. Or, on the investor side, you could walk through a property and estimate rehab costs from the comfort of your home. You could even share this model with your contractor and have them walk it and give you estimates.

Is this something you would love to have? Or just a luxury? I currently work for a company that provides this service to contractors, engineers, and building planners. However, it is underutilized in the residential market. Most of our work is done for buildings in NYC. But if there’s a market for small scale investors, I would be interested in finding out.

[Donna Hardie]

Mario, eventually this will catch on...as investors seek other areas to invest in or are attractive enough ? (ROI) Virtual auctions may become a real thing, where people buy and sell from their sofa after dinner. I mean the trend for instant gratification isn't going away anytime soon...conveinance will remain the springboard for some industries to work out the kinks to make these type of transactions happen. For example title companies prescreening deeds so they can guaranty a clear title,cyber escrows etc. Food for thought for sure but I am convinced that soon after 5g networks are implemented many changes will come almost overnight