Why Smart Tech is Changing the World of Real Estate Development

I would like to start this passage by writing that technology has revolutionized the world; this, of course, is no controversial statement that I have made; it is all rather evident. It is important, however, to really analyse and examine how this has affected our way of life and our planet; do we now exist in a post-human world. One industry that has been completely transformed by technology is that of real estate or housing. Now I am not going to write in this passage that tech has changed the entire landscape of the housing world people are still going to need their joiners or their septic companies. I am simply stating that cities have begun to rely on smart tech more than ever; as this passage will detail.

Why we Need Smart Tech

Well, it is all quite simple overpopulation; it has been predicted by the United Nations that by the year 2050 the global population will be at just under 10 billion people; with 66% of these people projected to be living in cities. The current global population rises by 220 000 people every day, and we will need somewhere for them to live obviously. The cities we currently reside in are truly at breaking point and are unable to cope with these new population demands. I mean listen to this fact, it currently takes over four hours to drive from one side of London to the other; this is due to the insane motor congestion. This has given real estate developers a real quandary how can they not only keep up with; but lower this congestion. Big problems need big ideas.

What Would a Smart Tech City Look Like?

A smart city would be extremely reliant on new technology. Which would involve increased automation? Think driverless vehicles, drone deliveries and automated production lines. These cities would use data to ensure that the lives of citizens were pleasurable. Robots would be on the streets to check on the health and welfare of citizens. Technology has made the world of real estate development have a new focus; think about what we can already do now. You can now control your central heating and your lighting from your phone. Which has all led to higher efficiency and lower costs for residents? Cities are becoming more and more tech-reliant and it is up to you to decide whether this is a good thing.

If you want an example of a city of the future then look no further than Barcelona. Barcelona is renowned for its public transport; with 230 separate bus lines. It also has the largest bike-sharing scheme in Europe which helps lower inner-city congestion. Cities now base their construction on Barcelona as the city has some of the lowest congestion in the world. To highlight this achievement in the year of 1999 the highly acclaimed Royal Institute of British Architects took an unprecedented move by awarding its Royal Gold Medal for Architecture to the city of Barcelona instead of an actual individual. The city of Barcelona should act as a model for the rest of the world.

How Technology has Affected Construction

Well if I take this back to my original point the world has become extremely overpopulated. Well to combat this new technology has given architects the ability to now 3D print houses. These 3D printed homes can be built for as little as 4000 dollars and can be constructed in as little as 24 hours. That is an entirely new home built in a day. Which is obviously a lot less time than any current construction project. 3D printed homes will be able to meet the new demand for housing that the modern world will bring.

Another major development in construction technology will be the use of drones. These industrial drones will have the ability to conduct a site survey at both a faster and more accurate rate than any human crew could possibly do, also at far less of an expense. Drone technology will allow for sharp picture interactive 3D maps. The future of both construction and drones are going to be deeply entwined.

Finally, is the use of virtual reality headsets. Virtual reality technology is most often used to create a model of a home or construction product; and then with the headset, you will be able to walk around your potential home. This tech will be of benefit to both the team and the client. The construction team will now have a greater understanding of the task at hand, and the client will have the opportunity to fully take in and appreciate what the project will look like upon completion. This will also allow for construction companies to find any faults in their build before the project has begun, this will help prevent delays and expensive changes to the design mid-build.

Technology is an inevitability and its role in construction is going to be instrumental. As I mentioned in the introduction of this passage we now exist in a post-human world; our roles in the world have lessened and lessened. What this has brought along is a revolution in thought as we combat our greatest threats. Homes can now be built in a day for such small prices, and physical construction, in general, has become something of ease. The real estate industry has embraced smart tech and is all the better for it.