Proptechs in the real estate industry

Proptechs (property technology) are making the housing industry easier and are becoming increasingly important within the real estate sector. What digitalized solutions are available on the market and how can owners benefit from them?

Proptechs are helping to simplify the area of real estate management and administration. But what are proptechs anyway? They are technology companies in the real estate industry and their digital products. Even owners who do not rent out 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. Such companies produce apps as well as hardware and software solutions for property management and property management. These products digitalize communication processes (customer portals) and information transfer, among other things. Smarthome 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 grant or withdraw access rights to other people such as tradesmen or tenants via an app. Another practical example is the smart meter, i.e. electricity meters with an integrated module. Smart meters measure the meter reading and then send the data digitally.

Owners of single-family homes can also install the digitalized 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 also crowdinvesting platforms that are yield-oriented. Estate agent tools and other digital services that make everyday real estate life easier are also among the proptechs. Good practical examples include viewing robots or three-dimensional floor plans and building plans.

Why investing in proptechs pays off

Even if the acquisition or commissioning of proptechs is cost-intensive, the investment monetizes itself for property managers over time. Digitalized administration and management systems save time and resources. Proptechs also make day-to-day work more effective.

Owners make tasks in and around the property easier. Some smart home tools can also enhance the value of the property before it is sold or increase general security.

Do you not know what to do with your property or do you want to upgrade it? Then contact us. We will be happy to advise you.

Notes

For reasons of better readability, the generic masculine is used in this text. Female and other gender identities are explicitly included where 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 individual case.

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