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The Metaverse has already provided us with a wealth of new experiences and has sparked endless speculation about the many avenues for its future expansion. The possibilities—which are beginning to seem limitless—are delightful and sometimes practical for consumers, meaning they have the potential to be extremely profitable for the businesses that implement them.
While much of the current interaction and excitement surrounding virtual worlds depends on realistic fashion shows, concerts, and immersive video games, there are a variety of applications that go beyond pure entertainment.
The deep value of the Metaverse lies in the practical applications it can support. In a globalized world where distributed work and communication are emerging, Metaverse applications allow users to interact remotely in a more collaborative and interactive environment. It eliminates the need for cumbersome obligations and provides a more practical and efficient alternative to face-to-face tasks that sometimes require long waits or long journeys.
From the perspective of real-world use cases of augmented reality (AR) and virtual reality (VR) technologies, the real estate industry in particular will benefit greatly from the metaverse. From breaking ground on a new home to resale years later, virtual worlds and their immersive architecture can make a big difference. That’s it:
Related: How Metaverse Will Affect Real Estate
Let’s start with the very beginning of family life: its construction. Construction requires site visits as well as site work and coordination. The site needs to be carefully surveyed and measured, and the construction needs to be carefully planned and carried out. Human error can also lead to inefficiencies and inaccuracies in calculating measurements and determining progress.
In the Metaverse, we can design an application that accurately maps sites, allowing engineers and contractors to access very realistic reproductions of actual sites from their homes or offices. Not only are they able to conduct site surveys, provide more accurate progress reports and better estimate project delays, but they can also save a lot of time commuting to these various locations. Additionally, by leveraging the metaverse, users can seek help with design ideas, floor plans, and more from their social networks.
New applications can bridge the gap between virtual worlds and home design by using AR to outline floor plans and designs, so construction and contracting can be done efficiently.
Related: How Virtual Reality Can Change the Way You Build Your Home
After the house is built, the interior design is the next step on the roadmap. Accurate virtual modeling of the home is a major advantage for interior designers, who can use the technology to gauge client interest in a variety of different options for living rooms, bedrooms and home offices. Currently, interior designers are limited to showing sketches or 3D models with images of furniture and décor. Clients still have a hard time imagining what it will be like when they walk into a room. Now, imagine they can.
Interior designers can use apps in the Metaverse to design different variations of the same room, with different color palettes and furniture styles, and they can even set the light coming through the windows to changing weather or time of day. Customers can now experience different layout options on rainy days, sunny afternoons or cool winter nights through a 3D virtual representation of the room. The process of choosing an interior designer option becomes more enjoyable and less likely to lead to disappointment.
New technology allows buyers to truly visualize a property or space by virtualizing the stage and rendering before buying. By merging Metaverse and an app that does so, buyers will be able to interact with interior designers through the app in the near future.
Related: Get Ready for Impact: It’s Time to Enter the Metaverse
When that day comes, the home visit process for real estate agents and potential buyers alike will be made easier thanks to VR apps in a virtual world. Potential buyers living internationally and across the country will be able to visit homes in virtual worlds and have an experience similar to someone visiting in person, rather than relying on photos and poorly recorded videos.
Buyers moving to NSW or a new country will no longer have to make an expensive and inconvenient trip to choose a new home – they can visit any number of places in a virtual world and get a good idea of what it will look like Move around inside. Real estate agents will also benefit, given that Metaverse VR/AR technology has significantly expanded the pool of potential buyers.
Property presentations via VR are already underway. There are a few VR options where potential home buyers can take a virtual reality tour using a VR headset and compatible smartphone. Soon large developers will also be using the technology in their sales offices. They will create a mini virtual world for each project they sell and allow potential buyers to tour their virtual development with the surrounding community. This immersive experience allows clients to fully imagine life around the property being sold.
The technology behind the Metaverse has the potential to change every aspect of our lives in a positive way. Many of these applications are still years away, but when they are ready, they will have a huge impact on many industries by creating more efficient and practical alternatives to existing systems and procedures.
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