The real estate and housing sector are one of the largest economic engines in the U.S. and Canadian economies. A digital twin is a digital replica of almost anything: places, people, processes, devices and. In the case of real estate, a digital twin contains data concerning the building itself. 3D models are enabling buyers to explore every square foot of a property without even visiting it.
3D Digital Twin In Real Estate: Key Insights & Importance
Digital transformation is important in the real estate sector to increase flexibility, efficiency, enhance communication, greater employee satisfaction and future-proof operations.
Imagine your potential buyer lives in another country or city and can’t visit the property to take a tour. With Digital Twin, the buyer can see and rotate each room on each floor, read highlights, ask questions, and even take measurements.
Facilities management companies use digital twins to optimize the existing building and lower overall costs of running a particular building or set of buildings. They can also use digital twins to create more human buildings that promote health, well-being and foster community.
According to CNBC, expectations for 3D tours and digital transactions rose during the Covid-19 outbreak. During the peak of the season, brokers reported an increase in agent-led 3D tours of up to 494%.
A digital twin could be used in sales/leasing to show prospective buyers a 3D model of a home, along with the ability to scan one’s own furniture into the space.
How 3D Digital Twin is transforming the real estate industry?
Real estate leaders need a holistic strategy to transform their business, and digital twins for intelligent environments can help. These twins can range from simple KPI dashboards to interactive 3D self-learning building representations.
Luxolis Solutions
Luxolis 3D Scan App is enabling clients to create a Digital Twin of their properties using a 3D virtualization tool. The tool allows for high-quality virtual tours of physical site inspections.
Luxolis 3D Scan App scans an existing space and reproduces it in digital form. This “digital twin” is a versatile asset within the commercial real estate industry and helps in making better-informed decisions by providing a view of the venue. 3D virtual tours using Luxolis 3D scene reconstruction and digital twin technology allow sellers to stage their home once, and then present a virtual open house 24/7.
Luxolis solutions are designed to help you increase commissions, reach a broader audience, and close on properties more quickly. In addition, our solutions help real estate professionals assess the impacts of different decisions at each stage of the real estate life cycle using near real-time and historical data.
3D Super Resolution and Scene Denoising
Our AI-based state-of-the-art 3D post-processing modules reconstruct your scene to a pixel-perfect level. With our post-processing capabilities, you can recreate a 4K-level 3D model in near real-time.
After noise filtering through our post-processing module, the end result becomes a lot cleaner and easier to handle.
