Real estate is one of the smartest investments one can make. In 2023,  the real estate is getting smarter, as well. However, as the real estate market heats up , so are advances in technology. These advances are completely reshaping what the standard in the real estate industry is. What will in-home technology look like in 3, 5, or 10 years? What will artificial intelligence look like inside most people's homes? Will exterior weather-proof technology finally take off in Southwest Florida? There are plenty of questions that need to be answered with the role of technology in real estate and what the future will hold.

Aspiring and current home owners will of course benefit greatly from the advancement. However, real estate developers will have been on the front lines of this market shift. This will give so many more options to those looking for homes. For those current home owners, it will give you vast opportunities to revamp your home into a tech-savvy estate. From new improvements with solar panels, to the unyielding advancement of A.I., new technology in homes will be such a s[spectacle to witness over the next coming years.

The use of virtual reality (VR) and augmented reality (AR) is not exactly a new trend, but it is rapidly accelerating. This comes in many forms such as virtual property tours, online walk throughs, and virtual open houses.

Additionally, quantum computing AI is taking the industry by storm. The quantum computing market will boom to $1,765 million in 2026,according to Forbes. This is relatively new technology, however, there are more and more real estate companies such as Zillow and Redfin applying quantum in their algorithms, as the technology develops.

With such new innovations, it is a very exciting time to look to buy real estate. Now is the time to buy a home to prepare it for what's to come in the future. Take advantage of the marketing today to secure the possibilities of tomorrow—because in just a few years the possibilities will be absolutely endless. Developers, investors and home-buyers will be playing on a completely different playing field than in today’s market. The projections that we see for tech advancement are continuously going up, and it is not projected to change anytime soon.

Posted by Andree Huffine, Sarasota Realtor on
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