
Proptechs in the real estate industry
Proptechs help simplify the field of real estate management and administration. But what exactly are proptechs? They are technology companies in the real estate industry and their digital products. Even owners who do not rent out their properties can benefit from individual technical solutions. Some smart modernizations can also increase the value of the property.
What does the proptech market offer?
There are now many proptech companies such as KIWI, Plentific, and Eigenheim Manager GmbH. These companies produce apps and hardware and software solutions for property management and administration. Among other things, these products digitize communication processes (customer portals) and information transfer. Smart home tools can also be integrated into houses and apartments.
Among other things, they modernize locking systems (doors, safes) and doorbell systems in apartment buildings. Owners can use an app to grant or revoke access rights to other people, such as tradespeople or tenants. Another practical example is the smart meter, which is an electricity meter with an integrated module. Smart meters measure the meter reading and then send the data digitally.
Owners of single-family homes can also install digital locking systems or use special apps to manage their homes. Online tools are also available for property owners. These not only record consumption data, appointments, contracts, and costs, but also optimize and link them.
In addition to these proptech products, there are crowd investing platforms that are return-oriented. Broker tools and other digital services that make everyday real estate life easier are also part of proptech. Good examples of this are viewing robots and three-dimensional floor plans and building plans.
Why investing in proptech is worthwhile
Even though purchasing or commissioning proptechs is costly, the investment pays off for managers over time. Digitized administration and management systems save time and resources. Proptechs also make everyday work more efficient.
Owners find it easier to carry out tasks in and around their property. In addition, some smart home tools can increase the value of the property before it is sold or improve overall security.
Not sure what to do with your property or want to increase its value? Then get in touch with us. We will be happy to advise you.
Notes
For reasons of readability, the generic masculine form is used in this text. Female and other gender identities are expressly included insofar as this is necessary for the statement.
Legal notice: This article does not constitute tax or legal advice in individual cases. Please consult a lawyer and/or tax advisor to clarify the facts of your specific case.
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