How Can Remote Working Improve The Real Estate Sector?
Property is becoming an increasingly popular investment as interest rates continue to drop, despite there being a major financial crisis during 2008. It appears that rather than having a negative effect on the real-estate industry, employment rates are starting to rise in the sector and investment is on the rise. With the rise in employment, it begs the question of whether there'll be a change in employment models, in particular, the growth of remote working. The real estate sector is renowned for employees entering their office space and getting organised for the day before heading out to the properties they cater for. With the sector being heavily office-driven it can sometimes be de-motivating for staff and lead to lower performance levels for the business. This is why many sectors have chosen the route of remote working, and real estate has the potential to follow suit.
Firstly, what exactly is remote working?
Remote working is the idea of an employee is the idea that an employee can conduct their work away from their office environment, working through telecommunication and telework. With the rise in video calls, VR and other technology, there are alternative options for workers to communicate with their colleagues and clients. They can use their laptop as a mode of remote working which can save commuting to the office and start work in a corporate environment.
Improve Clientele Relationships
House prices are becoming quite an expensive acquisition for most homebuyers, so more and more are choosing to favour a longer commute to work to save money on their house. This means homebuyers are choosing the outskirts and suburbs over the city apartment so having local estate agents around the area is more of a bonus for them. Regular communication with the customer means they can build a better relationship with a potential to gain a sale.
Technology is helping to build a connected team
If you're going to introduce remote working, it's important that your team communicates well so that resources are available when others aren't in the office. Everything needs to be well organised so that work isn't left behind or others are left in no man's land when they cover another member of staff. This requires good communication from all team members, making sure they are in tandem and understand plans beforehand which can help in building teamwork skills across the team. Project management tools are available so workers have an open network to ongoing work, and video conference calls can help them to communicate effectively.
Can help cut costs
One great benefit of remote working is that it can reduce the number of heads in your office, meaning less spent on equipment and large office spaces. Providing you allow easy access to work documents, it should make it easy for workers to work remotely. If they need some extra requirements when they're at home, they can provide it for themselves. People now use online services to search for property so high street office spaces would be unnecessary to use as meeting points.
Won't be affected by adverse weather conditions
Weather can be a major downfall with the productivity of your business. Many commutes for staff will be blocked or unavailable and they can be at risk trying to get into work. Especially if you're from the UK, the weather can be extremely dramatic with it being incredibly unpredictable. There's also the added benefit of estate agents being able to work with their properties around the local area rather than commuting to work before popping out again to go to their property. They'll be able to provide an efficient service, getting to destinations quicker and can even save on petrol for their mode of transport.
Increase overall productivity of workers
It can be strenuous to work in the same office space, and even sometimes uncomfortable.
Introducing remote working means workers are more likely be focused in their work and see better results of what they produce. Confining someone to a restricted office space means that they can become easily demotivated and lack productivity. As a result, this can have a damaging effect on their work.
Taking in the points considered, there are several reasons to suggest that the real estate sector is primed for remote working. As the customer base continues to change the way they operate, the real estate sector should be thinking about doing the same.