Virtual Home solutions powered by Unreal Engine are revolutionizing the real estate industry across the globe, and Dyna 4 Studio is spearheading this transformation in Miami.
Established in Miami, Dyna 4 Studio is pioneering innovative technologies that bring the local real estate industry into the metaverse, providing an immersive experience that redefines the way properties are visualized, marketed, and sold.
Real-time solutions powered by Unreal Engine are radically changing the face of real estate, helping planners and developers make better decisions, shortening sales cycles, and providing more satisfaction to stakeholders and purchasers.
With interactive sales configurators, you can show your prospects all the possible options for your development, even before it's built. And when it comes to choosing the finish, purchasers can make their selections at their own pace and see exactly what they'll be getting, in context.
When you can give clients the full showroom experience at their own home or office, you open up your sales potential. Whether they're a consumer looking to purchase a vacation getaway, or a business looking to expand overseas, high-fidelity interactive web experiences can get the deal done.
Model homes are built to showcase the unbuilt homes in a develpment. Not only do they have all the upgraded features, they’re also designed to be liveable, meaning they’re hooked up to the power grid.
And since this home is visited by prospective buyers and used as a de facto office space for the real estate developers, there are still utility bills each month. Let’s assume a builder spends $400,000 to build a show home while also using it as an office for its sales representatives and administrators.
Assuming only basic water usage and extensive electricity usage since the prospects visit the home each day the property owner would incur the following carrying costs each month, at minimum:
Water: $35.49 per month
Electricity: $111.67 per month
Natural Gas: $55 per month
Internet: $66.17 per month
Receptionist / Administrator: $2,371 per month
On-site sales representative: $4,166 per month
Insurance: $90.25 per month
Security monitoring service: $30 per month
Property tax: U.S. average 1.15% per year = $383 per month
Cleaning & maintenance: $1,000 per month
Normally, generating sufficient pre-sales for a new real estate development can take up to a year. After that, residents might still have to wait another two to three years before moving in once construction begins.
Even if the pre-sales stage is successful, it doesn't automatically translate to strong interest in the model home. Despite its built-in upgrades, the model home presents potential buyers with several hurdles:
With Dyna 4 Studio's Virtual Real Estate, developers can dramatically cut costs without compromising on quality. Opting for a virtual solution means developers no longer have to build a physical show home, which can save hundreds of thousands of dollars in construction costs alone. Additionally, virtual show homes only cost a few thousand dollars a month and don't require on-site staff, significantly reducing operating expenses.
The flexibility of a Virtual Homes also translates into savings, as developers can easily scale or power down the presentation based on pre-sales progress. This allows for a more efficient allocation of resources and ensures that every dollar spent contributes directly to the success of the project.
In choosing Dyna 4 Studio, developers not only benefit from an engaging and immersive buyer experience but also enjoy substantial financial advantages throughout the entire development process.
By utilizing an interactive 3D streaming platform ( Metaverse ) with integrated meeting room capabilities, potential buyers can conveniently explore properties from the comfort of their homes, while sales representatives guide them through the experience from their offices. This innovative approach not only reduces the time spent on physical meetings but also allows for a more personalized and engaging experience for each customer.
Statistics reveal that sales professionals allocate 35 percent more of their time to customer interactions when selling new developments, as compared to existing properties.
In response to this challenge, representatives can harness the power of immersive virtual experiences to showcase upgrades and customizations to a broader customer base, effectively eliminating the need for extensive travel and significantly reducing both time and monetary expenses.
In summary, photorealistic visualizations have the potential to expedite sales timelines, improve access to capital, and ultimately foster a positive reputation for future development projects.
