Features and Cost to Make Real Estate App Like Redfin — Devstringx

Devstringx Technologies
5 min readJan 25, 2024

A real estate app like Redfin has come up as a trailblazer in this dynamic landscape and completely changed the industry. If you are a computer lover or an aspiring entrepreneur planning to set foot in the real estate app development industry you should not think twice.

A Short Overview of The Redfin App

Redfin is a real estate firm that generally works online. It offers a marketplace for purchasing and selling properties as well as data on real estate markets. Redfin was launched in 2004. The people who want to get an alternative to traditional agents found Redfin a remarkable substitute for them.

Real estate mobile app development, a well-known online real estate platform stands out from the crowd due to its easy-to-use interface, detailed listing data and cost-saving tools for buyers and sellers.

The primary aim of Redfin’s real estate industry is to streamline the real estate procedure by incorporating the proficiency of local agents with technology. It will offer the customers clear and efficient knowledge.

The Cost of Building Real Estate App Like Redfin

Prices for developing a real estate app like Redfin depend on various factors. Some of the most important factors are as follows:

1) Platform

The cost of developing an app like Redfin may vary as per the platform (iOS or Android) you have chosen. You need to spend more money if you want to build two platforms.

2) Features and Complexity

Costs depend on the complexity of the real estate app and exciting features like Redfin. You may require more development time for core features like virtual tours, user profiles, mortgage calculators and listing details.

3) Design

Cost depends on the design of a real estate app like Redfin. If you want to get a more complicated and visually attractive design you will require additional resources.

4) Integration

If you want to include services from third parties like MLS data or APIs for property valuation your real estate app development cost will increase.

5) Team and Location

The size and location of the app development company may affect the development cost. Rates of development may differ in various regions. The cost of developing a real estate app is higher in North America and Europe than in other regions. The costs for developing a real estate app like Redfin considering the complexity are as follows:

  • For developing a real estate app with basic features you need to spend nearly $8,000 — $15,000.
  • Developing a real estate app like Redfin with medium features you will have to spend nearly $15,000 — $20,000.
  • For developing a real estate app with advanced features you will have to spend nearly $20,000 — $25,000.

We have tried to give an estimate roughly. The actual cost depends on the specifics of the project, the rates of the development team, and other factors. To get a detailed estimate of a real estate app development you should contact a real estate mobile app development company.

The Must-Have Features In A Real Estate App Like Redfin

You need to add various important features into your real estate app like Redfin to improve the user experience and make it exceptional from other platforms available in the real estate industry. You need to add the following features in a real estate app like Redfin:

1) Advanced Property Search

Users may consider various options like price range, type of property, number and size of bedrooms/bathrooms or amenities to make an advanced property search. You may add filters for filtering out certain compulsory features such as hardwood flooring, swimming pools, or the nearness of schools.

2) Interactive Maps

You may use the interactive maps to allow the current users to find nearby convenience and assess the region. Don’t forget to add compulsory features like street view, school boundaries, public transport routes, local points of interest, and other necessary information so that current users can make informed decisions. It is very important to add alluring maps for creating a real estate app like Redfin.

3) Saved Searches and Alerts

You may save your preferences for searches and make alerts to new listings that fulfil their criteria. By sending them push notifications or emails you can keep yourself updated on new listings or price changes.

4) Virtual Tours and Photos

Don’t forget to add interior and exterior images. You may also include virtual tours or 360° views to offer an outstanding user experience while you are trying to develop a real estate app.

5) Comparing Proporty

You may highlight vital details like square footage, price, and number of rooms for comparing properties which will enable the current users to assess properties quickly and make informed decisions.

6) Agent Profiles and Reviews

Add detailed profiles of real estate agents which contain their experience, customer reviews, and expertise areas. This feature in a real estate app like Redfin enables the users to choose an agent that can meet their needs and assure clarity during the selection procedure.

7) Mortgage Calculator

Try to add a mortgage payment calculator that will allow the existing users to assess their monthly mortgage payments corresponding to the loan term, property price, and interest rate. In this way, the users will be able to check their affordability and name-informed financial decisions.

8) Neighborhood Insights

You need to provide detailed information about the neighbourhood line demographics, crime statistics, school ratings and other conveniences, like parks, restaurants and shopping centres. With the help of this feature, users will be able to assess the viability and desirability of various neighbourhoods.

9) Schedule for Open Houses

Users may schedule appointments or obtain reminders about upcoming private viewings or open houses. This feature will simplify the process of viewing properties and enable the users to schedule their property search efficiently.

10) In-App Messaging & Collaboration

A real estate app like Redfin will enable the users to make direct communication with agents or property proprietors which will let them make seamless communication. They will be able to ask questions freely, coordinate tasks, negotiate deals, and coordinate property-related tasks.

11) Transaction Management

You need to add tools for managing the various stages of the buying or selling process. These contain document storage, contract tracking, task tracking and progress updates.

12) Local Market Trends and Data

Add real-time data line median home prices and trends in sales. This information will help people better understand the real estate market and determine whether to buy or sell a home.

13) Integration with Third-Party Services

Combine external services like property inspection, shifting or home development companies to deliver users with a seamless experience. This offers the users convenient access to services related to real estate.

14) Share and Recommendation

Social networking sites enable people to recommend properties to friends and family using these important aspects. This feature of a real estate app like Redfin will improve user engagement and expand your consumer base through word-of-mouth referrals.

Conclusion

It is not at all an easy task to develop a real estate app like Redfin. It is very important to consider the app development cost and features of developing a real estate app. You have now got a detailed insight into the topic. Now you can start your app development process.

Originally published at https://www.devstringx.com on Jan 25, 2024

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