How LiDAR is being used in Real Estate to map rooms and properties
Last Updated on 7th October 2022 How LiDAR is being used in… Read More »How LiDAR is being used in Real Estate to map rooms and properties
Real Estate
ZIEN24 use GeoSLAM scanners to create measurement reports for the Real Estate Market
Location
Netherlands
Scan time
Approx. 15 minutes per scan
Size
Varies per scan
Scanned
Residential & commercial properties
Industry
Real Estate
Real Estate in the Netherlands
Real Estate is a fast-moving and highly competitive market. Companies are reliant on good customer relationships based on trust. They realise the importance of providing accurate measurements and specifications of the properties they are advertising. Buildings incorrectly measured could be under or overvalued, which could result in complaints, invalidate a sale, or damage their reputation.
This is particularly pertinent in the Netherlands, as they have placed a high level of importance on delivering accurate floorplans when advertising a property. In fact, a new regulation was introduced in 2010 after properties in Amsterdam were sold at a higher cost, after being overvalued due to incorrect floorplan measurements. The regulation, BBMI, requires businesses advertising properties to provide accurate floorplans or face potentially heavy fines.
This required businesses to think differently about how they could quickly and accurately assess the properties they were advertising.
How ZIEN24 create Measurement Reports for Real Estate
Rotterdam based media and marketing company, ZIEN24, realised they needed to modernise how they measure properties in light of the regulations. ZIEN24 produces content and digital floorplans for estate agents, covering all types of residential and commercial properties.
The company began measuring properties using laser rangefinders, which were not only time-consuming but also not cost-effective. The company received complaints when properties were not measured within the limits of the regulation, and the team had to occasionally return to properties to re-measure them. In addition, ZIEN24 was sending both photographers and surveyors to properties, which was not cost-effective or ideal for their clients.
Having worked with point clouds previously, ZIEN24s co-owner, Boy Van Houten, thought that they could be the solution for accuracy. However, they needed a setup that was quick and effective, so static-based systems were not an option. After researching different scanner options, they decided to try GeoSLAM’s ZEB Revo RT with the ZEB Pano accessory.
Why ZIEN24 chose to work with the ZEB Revo RT
The ZEB Revo RT is highly accurate, fast, and easy to use. As it requires minimal training, ZIEN24 taught their photographers to scan properties when they’re on location taking marketing photos. This negated the need for a surveyor, saving ZIEN24 money which could be passed on to their clients. The scanners accuracy largely removes the risk of human error, and ZIEN24 have not received any complaints since starting to use GeoSLAM scanners back in 2019.
The addition of the ZEB Pano allows them to take informative 360 degree panoramic photography, at a much quicker pace, during a scan. The ZEB Pano stores the exact location of each panoramic image within the scan, enabling more accurate and less intrusive property surveys. This is vital for ZIEN24, as the popularity of virtual house tours increases within the real estate industry.
The GeoSLAM scanner not only gives us confidence in the end product but gives our clients peace of mind knowing that our fully-automated measurements are highly accurate.
How the ZEB Revo RT has helped ZIEN24 with their Real Estate services
As the scanner captures in real-time, the photographers can easily ensure that they are capturing every room, as they walk around. Furthermore, the speed of capture, 200m2 in 15 minutes, means that more properties can be assigned to photographers per day. The data is then processed in their offices in China, and accurate floorplan reports are typically turned around within 24 hours.
The ZEB Revo RT has also helped them to expand into other markets, and they now offer scanning services to support BIM models.
Get in touch
If you’d like to learn more about how GeoSLAM solutions can help you, submit the form below.
How do you colourise a point cloud?
With ever-increasing research and development in the technology, the advances in both scanning hardware and processing software are improving the detail, scale and use of point cloud data. One of these improvements is colourisation. Adding colour has plenty of benefits when viewing and analysing point cloud data.
Here’s some helpful tips for the best viewing experience
British Residential Street
Location: United Kingdom
ZEB Scanner: ZEB Horizon
Scan time: 5 Minutes
Colourised data was captured using the ZEB Vision camera accessory.
Would you like to see a specific dataset that’s not on this page? Contact [email protected]
Scanning behind a dropped ceiling using mobile LiDAR
Surveying buildings is difficult and accessing hard to reach areas, like dropped ceiling or raised floors, without disrupting business can be seemingly impossible. In this blog we’ll discuss how SLAM and LiDAR technology has made scanning behind dropped ceilings a simple process.
Laser scanning with Pointknown CEO Jim Foster
Jim Foster has worked in the surveying industry for over 18 years, building a well-respected company with high profile clients from all over the United States. Originally the owner of a product design company, Jim saw the opportunity to begin a new adventure in the world of surveying and has never looked back.
Laser Scanning in Southern California
SLAM scanning is becoming more commonplace in the surveying industry due to the ease of use, accuracy, and versatility of the handheld devices. As the technology continues to grow, so do the benefits of handheld scanning compared to traditional means of capturing the measurements of a building. Documenting large spaces is now as simple as walking around the property to capture a pointcloud, saving both time and money for surveyors and their clients.
The Real Estate sector is on the move
With ever accelerating technological advances year on year, businesses across all sectors cannot afford to become complacent. We only have to think of companies who have failed to innovate and have been left behind as rapid digitalisation overtook their dated business models, with examples like Blockbuster and Kodak easily coming to mind.
Real estate is not immune to technological advances and those that move to adopt new technology quickly enough, often end up being the biggest beneficiaries. Traditionally real estate businesses tend to fall behind when it comes to adopting new trends, however in recent years with the introduction of PropTech, more companies in this sector are exploring what technology could do for them.
From Analogue To Digital
PropTech funding between 2014-2019 has grown by 766%, and it is expected to continue.
The real estate sector is typically regarded as conservative when it comes to technology, but with a plethora of innovative technologies in recent years such as artificial intelligence, it has become hard to not take advantage of the opportunities being presented.
Big Data
90% of all the data we now have in the world was created in the last few years.
With so much accessible information, businesses can easily gain valuable insights into their potential customers. A real estate business might be able to quickly pick up data on buying/selling trends or demographics in a local area etc. to determine the value of their properties.
Data Management
45% of commercial real estate companies are spending 15% to 25% of their time organising and managing data.
With so many assets, keeping on top of data management for a commercial real estate company (CRE) is proving to be difficult. 60% of executives say their firms still use spreadsheets instead of software as their primary tool for reporting.
Digitalisation in commercial real estate
With a combined estimated worth of $50 trillion between real estate and commercial real estate, according to the federal reserve, it is clear to see why technology companies have been keen to showcase the benefits of recent technological advancements, in recent years. Though real estate has been significantly more keen to embrace new technology, CRE hasn’t seen the same level of adoption.
The supply and creation of new, digital tools to manage large property portfolios are coming of age, with viable PropTech solutions on the market that integrate with and enhance their current ways of working. If CREs aren’t already looking to digitalise, now is the time.
Maximising property value
When it comes to maximising the value of property, those in CRE consider many factors, but what is often overlooked is inaccurate measurements of their properties due to human error or underestimating how much the floorplan of a property has changed and adapted over time. In fact, $100 billions are lost globally due to undervalued property. Embracing technological solutions like SLAM laser scanning can give CREs rapid, repeatable and highly accurate measurements and floorplans of their properties, without needing to outsource or rely on dated information.
Digital record keeping
There is a great deal of paperwork involved in CRE management, and not having a digital record is not only inefficient, but it can also be costly. Having all the documents in an easy to access digital library can be helpful when needing to access paperwork quickly. Whether you’re trying to sell your property, or you need to deal with an audit etc. having a centrally stored digital record of your portfolio can help minimise workload and maintain good standards of information keeping.
Repeatable, repeatable, repeatable
“Too many companies are prepared to put up with poor-quality data when it is entirely in their power to improve it” – RICs
With technological solutions now available for repeatedly capturing and keeping data up to date quickly and easily, CRE companies no longer need to rely on old data, ultimately saving them money.
5 ways technology has affected the real estate sector
Early adopters of new technology often pave the way for others to follow in their footsteps, however those that end up following often play catch up.
Building Information Modelling
(BIM)
The introduction of 3D digital models has been revolutionary for many sectors, including real estate. This digitised advancement means better planning and execution of real estate projects.
Property Estimates
Technology makes processing and storing complex data incredibly easy, making estimations of property value more accurate.
Virtual Tours
Virtual tours of properties have significantly reduced the distances between a buyer and seller. Somebody in the USA could now purchase a property in the UK without having physically set foot in the building.
Digital Marketing
With the advancements of digital technology comes the shift to online marketing. Traditionally selling real estate was the sole task of real estate agents, however 47% of companies in 2018 acknowledged that their highest quality of marketing leads came from social media.
Internet of Things
(IoT)
As technology is intertwined into our everyday life now more than ever, it’s shouldn’t be a shock that people buying property want their homes/buildings interconnected. Real estate buyers know this, and have begun investing and developing technologically optimised buildings for the buyers of tomorrow.
GeoSLAM Floorplans
Over the past few years, we have been working with real estate companies to make it easier to understand buildings. Combining the use of our handheld SLAM scanners and new intuitive software, GeoSLAM Floorplans was born. In a few simple steps, CRE companies can now have accurate measurements of their buildings, in often large building portfolios, and they completely own the data with no monthly costs to store the data. As a result, CRE companies are able to maximise their property value and have easy to read digital records of their assets.
Get in touch
Want to learn more about GeoSLAM Floorplans and how it could transform your business? Submit the form below and we’ll be in touch.
References
- 7 Commercial Real Estate Trends That Are Changing the Industry (impactmybiz.com)
- https://assets.kpmg/content/dam/kpmg/nl/pdf/2020/sectoren/real-estate-innovations-overview-2020.pdf
- Big Data & Analytics (bernardmarr.com)
- 7 Commercial Real Estate Trends That Are Changing the Industry (impactmybiz.com)
- https://stratafolio.com/5-essential-types-of-records-for-managing-commercial-real-estate/
- https://www.rics.org/uk/news-insight/future-of-surveying/data-technology/why-is-the-quality-of-data-so-important-in-real-estate/
Powering the future of SLAM
As the adoption of SLAM rockets, and new applications for mobile data capture are discovered each day the value of SLAM is being proven across businesses of all shapes and sizes. GeoSLAM technology continues to break barriers and the ever-increasing profile of SLAM users grows each day.
Here’s some helpful tips for the best viewing experience
Villa
Location: N/A
ZEB Scanner: ZEB Go
Scan time: 20 Minutes
Would you like to see a specific dataset that’s not on this page? Contact [email protected]
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