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AI Solutions for Real Estate Development

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Harness the power of AI in commercial real estate to optimize site selection, enhance design efficiency, and streamline construction processes for your construction company. Alternatively, improve property matching, automate valuation models, and target marketing strategies better if you’re an agency: Devox’s custom-made software will make this happen.

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Services We Provide

AI Solutions for Real Estate Services We Provide

Combining the software for real estate and AI, Devox produces custom solutions that enhance and streamline any operation in the property sector. See what we can develop for you.

  • Property Recommendation Engines

    Leverage machine learning algorithms to analyze user preferences, search behavior, and interaction data to recommend properties that match buyers’ or renters’ preferences. Devox will develop software that improves the customer experience and increases conversion rates.

  • Automated Valuation Models (AVMs)

    Assess property values based on historical data, current market trends, and comparative market analysis. Your brand-new Devox-made AVM will provide instant, accurate property valuations crucial for investors, lenders, and real estate professionals.

  • Real Estate AI Chatbot & Virtual Assistant

    Boost your customer support to a level where AI goes beyond 24/7 support and resolving queries. Our team can design a comprehensive assistant that schedules appointments and can even give virtual property tours, helping you entertain and retain the client.

  • Facility and Property Management

    AI-powered platforms can help you optimize building operations and maintenance by analyzing data from IoT devices and sensors. They manage energy consumption, predict maintenance needs, and improve overall building efficiency, serving a right hand to your foremen.

  • Real Estate Investment Software

    Enable data-driven investment strategies, ultimately grasping interest from your potential investors. Tailored for investment processes, these tools use AI to analyze investment opportunities, calculate potential returns, and assess risks.

  • Virtual Staging Software

    We build virtual staging tools that allow realtors and sellers to furnish properties digitally. Make it easier for your potential buyers to visualize the space, boosting the property’s appeal thanks to realistic and immersive digital representations.

  • Image Recognition and Analysis

    This technology is used in listing platforms to categorize and tag property photos automatically, improving search functionality and user experience. It can also assess property conditions through image analysis.

  • Lease Management and Optimization

    Analyze lease agreements easier thanks to artificial intelligence: we’ll help you identify optimization opportunities, track compliance, and manage renewals, ensuring maximum efficiency and profitability for property managers.

Benefits

Benefits of AI Solutions for Real Estate

AI in real estate development will help every actor in the process, be it a constructing company, agency, individual property owner, or client. See how exactly:

  • Everything for the Client, Effortlessly

    Lure as many high-value tenants as possible by staying truly competitive, expanding the market reach, and enhancing the buying experience. AI algorithms can provide better property search and recommendation, analyzing vast amounts of data, including user preferences and behavior. You can also offer virtual staging and tours with its capabilities, allowing potential buyers to visualize properties in detail without physical visits and let AI-driven chatbots answer their complicated queries even after hours.

  • Boost Property Valuations, Appraisals and Management

    Automated Valuation Models (AVMs) use AI to assess property values accurately by analyzing market trends, comparable sales, and property features, helping in fair pricing and investment analysis. You will also predict maintenance needs, optimize energy usage, and manage tenant interactions, saving costs, improving tenant satisfaction, and growing property value.

  • Improved Investment Decisions

    AI's predictive analytics capabilities allow investors and developers to forecast market trends, property price movements, and investment risks. Provide tools such as comprehensive investment reports, market trend analyses, risk assessment profiles, and predictive performance forecasts for various properties or markets, enabling more informed decision-making and strategy planning.

  • Streamline Transaction Processes

    Simplify and reduce paperwork both for buyers and your employees. From document automation to smart contracts, AI solutions can automate and secure real estate transactions, verifying information, reducing manual errors, saving time, and enhancing transaction speed and efficiency.

  • Work with Market Better

    Optimize market analysis forecasting, tapping into better marketing as a result. AI systems can process and analyze large datasets to identify market opportunities, predict future trends, and provide insights into consumer behavior, aiding in strategic planning and market positioning. With such a detailed assessment of customer data and behavior, you’ll optimize outreach efforts and increase conversion rates.

  • Risk Management and Compliance

    Navigate market complexities more efficiently while also fostering trust and transparency: AI can help identify and assess investment risks, monitor compliance with regulations, detect fraudulent activities by spotting anomalies in transaction data, and ensure due diligence processes are adhered to, safeguarding against potential legal and financial issues.

Key Features

Key Features of AI Solutions for Real Estate

01

Document Automation and Smart Contracts

These tools streamline paperwork, contract management, and transaction processes by automating document creation, verification, and signing processes, significantly reducing manual work and error rates.

02

Predictive Analytics

This software is a vital AI real estate investing component that analyzes data to predict market trends, property prices, and investment risks, helping stakeholders make informed decisions. It can forecast neighborhood trends, price appreciation/depreciation, and identify lucrative investment opportunities.

03

Image Recognition and Analysis

AI solutions can automatically categorize and tag property images, and even assess property conditions through visual analysis, improving listing quality and searchability.

04

Real Estate CRM Integration

AI enhances Customer Relationship Management (CRM) systems by offering predictive insights on client behavior, automating lead scoring, and personalizing client interactions, leading to improved sales strategies and customer satisfaction.

05

IoT (Internet of Things) Integration

AI software frequently interfaces with IoT devices for property management, energy efficiency, and maintenance purposes. It collects and analyzes data from sensors to optimize operations and predict maintenance issues.

06

Cloud Computing

Cloud platforms provide the infrastructure for hosting AI applications, offering scalability, data storage, and computing power necessary for processing large datasets and deploying machine learning models.

07

Model Training and Validation Frameworks

These frameworks are essential for developing and fine-tuning machine learning models, including data preprocessing, feature selection, model training, and validation processes, ensuring the accuracy and reliability of AI predictions.

Development Process

Our AI Solutions for Real Estate Development Process

When Devox works with AI in real estate industry, we combine the best practices of the SDLC with industry knowledge, your requirements, and artificial intelligence creation flow. This is how it goes in more detail.

01.

01. Advisory

The initial stage involves Devox’s developers and project managers identifying the needs of the real estate development project together with your stakeholders and defining the goals of the AI solution. This includes understanding the specific problems that AI is expected to solve, such as optimizing property valuations, improving project management, or enhancing customer interactions.

02.

02. Architecture

Our team of developers outlines the architecture of the AI system, including the selection of algorithms, data models, and the overall system design that will support the identified needs. This stage also encompasses the user interface design and the experience, ensuring that the solution is accessible and user-friendly for its intended audience.

03.

03. Implementation

This is where the actual coding and development of the AI solution take place. Developers write code to implement the designed algorithms and integrate them with existing systems or data sources. We’re also setting up the infrastructure needed to support the AI solution, such as cloud services or data storage solutions.

04.

04. Testing

The developed AI solution is rigorously evaluated to ensure it meets the specified requirements and functions correctly in various scenarios. This includes unit testing (checkin each individual components), integration testing, and system testing, as well as testing for usability (UAT) and performance. Feedback from this phase dictates the adjustments in the solution.

05.

05. Deployment

We are rolling out brand-new software for use in real estate development projects. This could involve a phased approach, starting with a pilot program before full-scale implementation. The deployment process includes setting up the environment, data migration, and ensuring all integrations are properly configured.

06.

06. Maintenance and Evolution

Post-deployment, we provide ongoing support for the AI solution, fixing any issues that arise, and making improvements based on user feedback and evolving needs. This stage ensures your tailored software remains effective and continues to meet the needs of real estate development projects over time.

  • 01. Advisory

  • 02. Architecture

  • 03. Implementation

  • 04. Testing

  • 05. Deployment

  • 06. Maintenance and Evolution

Awards & Certifications

Industry Contribution Awards & Certifications

Check Devox Software Awards on rating & review platforms among top software development companies and Certifications our team members holds.

  • Awards
  • Certifications
  • UpWork

    UpWork

  • Clutch

    Clutch

  • The Manifest

    The Manifest

  • DesignRush

    DesignRush

  • MC.today

    MC.today

  • Clutch

    Clutch

  • Clutch

    Clutch

  • AppFutura

    AppFutura

  • Clutch

    Clutch

  • GoodFirms

    GoodFirms

  • DesignRush

    DesignRush

  • UpWork

    UpWork

  • Professional Scrum Master™ II (PSM II)

    Professional Scrum Master™ II (PSM II)

  • Professional Scrum Product Owner™ I (PSPO I)

    Professional Scrum Product Owner™ I (PSPO I)

  • ITIL v.3 Foundation Certificate in IT Service Management

    ITIL v.3 Foundation Certificate in IT Service Management

  • ITSMS Auditor/Lead Auditor of ISO Standard 20000

    ITSMS Auditor/Lead Auditor of ISO Standard 20000

  • Microsoft Certified: DevOps Engineer Expert

    Microsoft Certified: DevOps Engineer Expert

  • Microsoft Certified: Azure Administrator Associate

    Microsoft Certified: Azure Administrator Associate

  • Quality Assurance ISTQB Foundation Level

    Quality Assurance ISTQB Foundation Level

  • Microsoft Certified Solution Develop (MCSD)

    Microsoft Certified Solution Develop (MCSD)

  • Java Development Certified Professional

    Java Development Certified Professional

  • JavaScript Developer Certificate – W3Schools

    JavaScript Developer Certificate – W3Schools

  • Certified Artificial Intelligence Scientist (CAIS)

    Certified Artificial Intelligence Scientist (CAIS)

  • Oracle Database SQL Certified Associate

    Oracle Database SQL Certified Associate

Case Studies

Our Latest Works

Function4
  • website
  • management platform

Professional Event Ecosystem

Starting as a ticket selling website, Function4 grew to an all-in-one event management platform thanks to Devox’s help. It provides an ecosystem and data for comprehensive device setup, invitation and communication.

Additional Info

Core Tech:
  • Vue js
  • GSAP
  • Ruby
  • Azure
Country:

USA USA

Web 3 White-label PaaS NeoBank
  • Web3
  • Fintech

Web 3 White-label PaaS NeoBank

Our client is a blockchain technology firm that has a network of international financial service provider partners. The project is a white-label PaaS ecosystem for neo banking solutions based on the blockchain network.

Additional Info

Country:

USA USA

Social Media Screening Platform
  • Backend
  • Frontend
  • Cloud Services
  • DevOps & Infrastructure

Social Media Screening Platform

The project is a web-based AI-powered platform for comprehensive social media background screening. Its supertask is to streamline potential employee background checks for companies, tackling employment risk management.

Additional Info

Core Tech:
  • .NET Core
  • Angular
  • Azure
  • Docker
  • GitLab CI/CD
  • Selenium Web Driver
Country:

USA USA

and over 200 our featured partners and clients

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Testimonials

Testimonials

Estonia

The solutions they’re providing is helping our business run more smoothly. We’ve been able to make quick developments with them, meeting our product vision within the timeline we set up. Listen to them because they can give strong advice about how to build good products.

Carl-Fredrik Linné
Tech Lead at CURE Media
Darrin Lipscomb
United States

We are a software startup and using Devox allowed us to get an MVP to market faster and less cost than trying to build and fund an R&D team initially. Communication was excellent with Devox. This is a top notch firm.

Darrin Lipscomb
CEO, Founder at Ferretly
Daniel Bertuccio
Australia

Their level of understanding, detail, and work ethic was great. We had 2 designers, 2 developers, PM and QA specialist. I am extremely satisfied with the end deliverables. Devox Software was always on time during the process.

Daniel Bertuccio
Marketing Manager at Eurolinx
Trent Allan
Australia

We get great satisfaction working with them. They help us produce a product we’re happy with as co-founders. The feedback we got from customers was really great, too. Customers get what we do and we feel like we’re really reaching our target market.

Trent Allan
CTO, Co-founder at Active Place
United Kingdom

I’m blown up with the level of professionalism that’s been shown, as well as the welcoming nature and the social aspects. Devox Software is really on the ball technically.

Andy Morrey
Managing Director at Magma Trading
Vadim Ivanenko
Switzerland

Great job! We met the deadlines and brought happiness to our customers. Communication was perfect. Quick response. No problems with anything during the project. Their experienced team and perfect communication offer the best mix of quality and rates.

Vadim Ivanenko
Jason_Leffakis
United States

The project continues to be a success. As an early-stage company, we're continuously iterating to find product success. Devox has been quick and effective at iterating alongside us. I'm happy with the team, their responsiveness, and their output.

Jason Leffakis
Founder, CEO at Function4
John Boman
Sweden

We hired the Devox team for a complicated (unusual interaction) UX/UI assignment. The team managed the project well both for initial time estimates and also weekly follow-ups throughout delivery. Overall, efficient work with a nice professional team.

John Boman
Product Manager at Lexplore
Tomas Pataky
Canada

Their intuition about the product and their willingness to try new approaches and show them to our team as alternatives to our set course were impressive. The Devox team makes it incredibly easy to work with, and their ability to manage our team and set expectations was outstanding.

Tamas Pataky
Head of Product at Stromcore
Stan Sadokov
Estonia

Devox is a team of exepctional talent and responsible executives. All of the talent we outstaffed from the company were experts in their fields and delivered quality work. They also take full ownership to what they deliver to you. If you work with Devox you will get actual results and you can rest assured that the result will procude value.

Stan Sadokov
Product Lead at Multilogin
Mark Lamb
United Kingdom

The work that the team has done on our project has been nothing short of incredible – it has surpassed all expectations I had and really is something I could only have dreamt of finding. Team is hard working, dedicated, personable and passionate. I have worked with people literally all over the world both in business and as freelancer, and people from Devox Software are 1 in a million.

Mark Lamb
Technical Director at M3 Network Limited
FAQ

FAQ

  • How can AI for Real Estate Development help in finding the perfect property for my needs?

    Real estate AI technology tailors property searches by analyzing your preferences, budget, and desired location. It sifts through vast amounts of data, including previous searches and market trends, to recommend properties that match your specific criteria. This personalized approach not only saves time but also increases the chances of finding a property that suits your lifestyle or investment goals, ensuring a more efficient and satisfying search process.

  • How does AI improve the accuracy of property valuations for buyers and sellers?

    The Devox-made Automated Valuation Models (AVMs) utilize advanced algorithms to analyze market data, property features, and historical transaction prices to provide precise property valuations. This technology considers a wide range of factors, from neighborhood trends to the condition of the property, ensuring that both buyers and sellers receive a fair and accurate assessment of a property’s market value, facilitating transparent and informed pricing decisions.

  • Can AI help predict future market trends in real estate?

    Yes, our AI real estate solutions employ predictive analytics to forecast future real estate market trends by analyzing historical data, economic indicators, and current market dynamics. This allows investors and developers to anticipate changes in property values, rental yields, and demand in various locations, enabling strategic planning and investment decisions that are ahead of the market curve.

  • How does AI contribute to streamlining the property management process for agencies?

    AI for real estate agents revolutionizes property management by automating routine tasks, such as lease administration, maintenance scheduling, and tenant communications. Our AI solutions can predict maintenance needs before they become costly problems and optimize energy usage to reduce expenses. This not only improves operational efficiency but also enhances tenant satisfaction, leading to higher retention rates and maximizing the profitability of real estate assets.

  • What role does AI play in enhancing the marketing strategies for real estate listings?

    AI for real estate marketing transforms this experience by analyzing potential buyer or tenant profiles and behavior to create targeted marketing campaigns. Our solutions optimize listing descriptions, recommend the best advertising platforms, and personalize communication strategies. This targeted approach ensures that your properties reach the most interested audiences, significantly improving engagement rates and accelerating the sales or leasing process.

  • How does AI facilitate better decision-making for real estate investors?

    Devox’s AI platforms provide investors with comprehensive market analysis, risk assessment, and identification of investment opportunities. By analyzing vast datasets on market trends, property performance, and economic factors, AI offers deep insights that support strategic decision-making. This enables investors to identify high-potential investments, mitigate risks, and devise strategies that align with market dynamics, maximizing returns on investment.

  • How does AI assist in the construction and design phase of real estate development?

    During the construction and design phase, AI tools optimize project planning, resource allocation, and design choices. Our AI solutions use predictive analytics to forecast construction delays, supply chain issues, and cost overruns, allowing for proactive adjustments. Additionally, AI-driven design software enables the exploration of various architectural and interior design options, ensuring the optimal use of space, materials, and energy efficiency, ultimately leading to more sustainable and cost-effective development projects.

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