This blog is for housing rental tech startups & entrepreneurs. Herein we’ve curated common features by top housing rental apps like Zillow, WeLive, and Roomi, which you can consider during housing rental apps development.
One of the hardest parts, while moving to a new city is to find out a platform, where people could easily find out affordable homes for rent. Well, this problem has been solved by many real estate tech startup companies like Zillow, WeLive, Roomi, and OpenDoor. These startups are trying to solve such problems faced by people while moving to a new place, city or country.
You might be knowing that the real estate market has already matured. Or, we can say, this industry is heating up.
Talking about the revenue, according to the latest report from Grand View Research, Inc., “The global real estate market is expected to generate a revenue of USD 4,263.7 billion by 2025.”
The World’s Hottest Property Markets: In this image, you can see the world’s hottest property markets across the world.
United States: The U.S real estate market is also booming. Since 2008, the businesses in the real estate tech space is a total of $41 million across just seven deals, as per the report from PitchBook Platform. However, so far in 2018, real estate companies have raised a total of $1.3 billion across 73 deals. Still, there are four months in the year to end. In short, the real estate niche is flourishing.
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Europe: The real estate is a broad sector. In recent times, the European real estate market has blossomed and attracted a number of investors across the world.
The Emerging Housing Rental Tech Startups
Real estate tech startups are using the latest technology to disrupt the market. They have already enhanced the way we buy, rent, sell and manage residential and commercial properties.
Talking about one of the real estate tech startups, Bungalow, the U.S.-based housing startup, is also responsible to shape the real estate market. According to the latest report from TechCrunch, “The housing startup, Bungalow, has secured $14 million in Series A round of funding led by Khosla Ventures.”
On the other hand, there are other housing rental startups, which have been emerging in the market for disruption. This is what you can see in this image.
Furthermore, there is another real estate startup named Opendoor that is San Francisco-based tech startup company. The company has secured $325M in a Series E round of funding led by General Atlantic, Access Technology Ventures, and Lennar Corporation in order to make the process easier for buying and selling homes right from its housing rental app.
Housing Rental Apps, Which Are In-Demanding
Zillow: Founded in 2005, Zillow is the U.S. based home and real estate company, which provides a real estate app, allowing its users, including homeowners, buyers, sellers, renters, real estate agents, landlords to find and share information about homes, real estate, mortgages, and home improvements.
Roomi: Launched back in 2015, the U.S.-based housing rental company, Roomi, offers a mobile app, which helps users find flexible & affordable co-living solutions. You can consider Roomi, the best app to find rental homes.
WeLive: The WeLive app is by WeWork (an American company), which provides users shared workspaces. The housing tech startup provides rental solutions to its users through the mobile app platform.
Common Features, Which You Can’t-Miss to Integrate Before Developing Housing Rental Apps like Zillow, WeLive & Roomi
Custom Search (Filter & Compare Homes for Rent)
To build a house rental app, the customized search feature is the heart of a real estate mobile app. With this app feature, app users can easily search 100 million+ real estate listings in order to find out the house, rooms in apartments for rent in their neighborhood or at any location nationwide.
Image Source: zillow
In addition, it is important to allow your app users, which they can filter and compare homes or apartments for rent as per their budget.
Being a housing rental startup, if you are planning to create a real estate apps like Zillow, WeLive & Roomi, it is a high time to develop to grow your real estate business, and you’ll get: a number of quality leads, paperless work, you can make your business global, and cost saving. All top of it, the “custom search” and “save search” features are essential to consider, while developing the best real estate app. The save search feature will retain your customers/app users in the app, and it will give them ease.
To help users find rented property, then live chat support can do miracles and it is one of the problem solvers for them. Unlike emails, live chat feature lets engage your consumers or app users while using the real estate mobile app.
According to the report from Forrester Research, it has found that 44% of app users say that the live chat is one of the most essential features, which can offer double-digit sales, and it has increased after adding the live chat feature to its app.
If you have decided to create an app like Zillow, WeLive & Roomi, then live chat is a prominent feature, which is worth to consider because it is fast and personal. And, your app users, who are looking to find property, will find out this useful feature easy-to-use.
Being a real estate startup, if you are having a real estate mobile app idea, then it would be better to hire a professional full stack developer.
One of the next crucial features is alert notifications, which usually help your app users to align or up-to-date with the latest information and happening. Such personalized alert notifications feature is recognized as a highly-productive and can be considered while developing a housing rental app like Zillow.
Image Source: real estate
In addition, push notifications and alerts provide valuable services to your app users because users can easily get every single notification regarding their renting properties and new listings as per their convenience.
The Bottom Line
Being a housing startup, if you have not yet dived with your real estate business into the world of mobile application, then it’s time to develop a real estate mobile app to make your customers satisfied with your real estate services.
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This page was last edited on March 24th, 2021, at 3:03.