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On Mon, 9 Sept, 4:03 PM UTC
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Realtor.com® Launches Renovation Designer - News (NASDAQ:NWSA), News (NASDAQ:NWS)
*Terms and conditions apply. Visit Nada's website for more details. Before jumping into a renovation, Realtor.com® users can now apply the power of generative AI to visualize realistic design customizations to their home, with Hover SANTA CLARA, Calif., Sept. 9, 2024 /PRNewswire/ -- Today, Realtor.com® announced the launch of Renovation Designer, a generative AI design tool powered by Hover, a leader in residential 3D property data. Homeowners using Realtor.com® can now instantly see realistic visualizations of exterior and interior home renovations, with actual materials and colors, before investing time and money into making them a reality. "Purchasing a home is one of the biggest decisions people will make in their lifetime. When considering renovations, which require both time and money, people should have the information they need to make the best decision for their home," said Andrew Mattie, SVP Engineering, Realtor.com®. "Through Renovation Designer, and the power of AI, our users can make well-informed decisions concerning their home renovations with confidence and limit unwanted surprises, like a wall color gone wrong or a flooring choice that doesn't turn out as expected. We want to enable people to create the home of their dreams and love it." Immediate Renovation Visualizations Available today, homeowners can access Renovation Designer by claiming their home within My Home on Realtor.com®. Once claimed, the homeowner can upload photos of their home and suggest the changes they want to make. The advanced artificial intelligence system then creates compelling visualizations that help homeowners understand a property's potential for both selling and enhancing their living space through features like: Instant project visualization for easy decision-making - Users can immediately see how different design choices would look on their home. The design changes are rendered with high-quality photos, which give users a realistic representation of home updates for easier and more holistic decision-making.Extensive design options and peace of mind - Users can experiment with a wide range of design elements, including flooring, wall colors, siding, trim, roofing, cabinets and other architectural features and customizable options through Hover's extensive 3D property dataset that are spatially intelligent. The tool includes digitized materials that are offered by manufacturers and paint colors from top brands, giving users a realistic idea of what a project will look like.User-friendly interface, professional grade visualizations - An intuitive interface lets homeowners easily explore design options including but not limited to farmhouse, contemporary and mid-century modern styles without needing professional design skills. Users can easily compare their current home appearance with these styles through this technology, which, according to Hover, has been used millions of times by contractors, insurance companies, and homeowners to price, sell, and build real-world home improvements and restorations. "We know that one of the biggest challenges of any home renovation is understanding what it will look like. With this tool, homeowners can use AI technology to move forward with confidence," said A.J. Altman, Founder and CEO of Hover. "After more than a decade of refining our technology to serve homeowners and construction and insurance professionals, we're thrilled to work together with Realtor.com® to help more consumers visualize the potential of their home." The Renovation Designer is one more addition to the Realtor.com® suite of products designed to provide users the ability to choose what's best for them and their home. From visualizing design options to calculating return on investment via the Realtor.com® renovation calculator and ultimately connecting with locally recommended professionals to bring renovations to life, Renovation Designer completes a unique Realtor.com® end-to-end experience that helps homeowners plan, assess and complete a renovation. For more information, visit https://www.realtor.com/myhome/. About Realtor.com® Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com® is operated by News Corp NWS NWSA])) [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®. About Hover Hover brings a transformative digital experience to the built world. With a mobile app that measures, designs, and estimates home improvement and construction projects all in one place, Hover provides a faster, easier, and more transparent experience for homeowners and drives workflow efficiencies for contractors. With stunningly easy-to-use 3D visualizations, accurate measurements, and precise project estimates, Hover offers contractors solutions and customizable automation for any exterior trade, job, or team. Over 300,000 contractors and home improvement professionals, and over 500,000 homeowners have captured millions of properties and modeled billions of square feet using Hover's technology. For more information, visit hover.to. Media Contact Asees Singh press@realtor.com View original content to download multimedia:https://www.prnewswire.com/news-releases/realtorcom-launches-renovation-designer-302241021.html SOURCE Realtor.com Market News and Data brought to you by Benzinga APIs
[2]
Realtor.com ® Launches Renovation Designer By Investing.com
Before jumping into a renovation, Realtor.com users can now apply the power of generative AI to visualize realistic design customizations to their home, with Hover , /PRNewswire/ -- Today, Realtor.com announced the launch of Renovation Designer, a generative AI design tool powered by Hover, a leader in residential 3D property data. Homeowners using Realtor.com can now instantly see realistic visualizations of exterior and interior home renovations, with actual materials and colors, before investing time and money into making them a reality. "Purchasing a home is one of the biggest decisions people will make in their lifetime. When considering renovations, which require both time and money, people should have the information they need to make the best decision for their home," said , SVP Engineering, Realtor.com. "Through Renovation Designer, and the power of AI, our users can make well-informed decisions concerning their home renovations with confidence and limit unwanted surprises, like a wall color gone wrong or a flooring choice that doesn't turn out as expected. We want to enable people to create the home of their dreams and love it." Immediate Renovation Visualizations Available today, homeowners can access Renovation Designer by claiming their home within My Home on Realtor.com. Once claimed, the homeowner can upload photos of their home and suggest the changes they want to make. The advanced artificial intelligence system then creates compelling visualizations that help homeowners understand a property's potential for both selling and enhancing their living space through features like: "We know that one of the biggest challenges of any home renovation is understanding what it will look like. With this tool, homeowners can use AI technology to move forward with confidence," said , Founder and CEO of Hover. "After more than a decade of refining our technology to serve homeowners and construction and insurance professionals, we're thrilled to work together with Realtor.com to help more consumers visualize the potential of their home." The Renovation Designer is one more addition to the Realtor.com suite of products designed to provide users the ability to choose what's best for them and their home. From visualizing design options to calculating return on investment via the Realtor.com renovation calculator and ultimately connecting with locally recommended professionals to bring renovations to life, Renovation Designer completes a unique Realtor.com end-to-end experience that helps homeowners plan, assess and complete a renovation. For more information, visit https://www.realtor.com/myhome/. About Realtor.comRealtor.com is an open real estate marketplace built for everyone. Realtor.com pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com is operated by News Corp (NASDAQ:NWSA) [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com. About Hover Hover brings a transformative digital experience to the built world. With a mobile app that measures, designs, and estimates home improvement and construction projects all in one place, Hover provides a faster, easier, and more transparent experience for homeowners and drives workflow efficiencies for contractors. With stunningly easy-to-use 3D visualizations, accurate measurements, and precise project estimates, Hover offers contractors solutions and customizable automation for any exterior trade, job, or team. Over 300,000 contractors and home improvement professionals, and over 500,000 homeowners have captured millions of properties and modeled billions of square feet using Hover's technology. For more information, visit hover.to.
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Realtor.com launches a new AI-powered Renovation Designer tool, allowing homebuyers to visualize potential renovations and estimate costs before purchasing a property.
Realtor.com, a leading online real estate marketplace, has announced the launch of its innovative Renovation Designer tool, aimed at revolutionizing the home-buying experience. This cutting-edge feature empowers potential homebuyers to visualize and plan renovations for properties they're considering, all before making a purchase 1.
The Renovation Designer tool harnesses the power of artificial intelligence to provide users with a unique and interactive experience. By uploading photos of rooms they wish to renovate, homebuyers can explore various design options and receive instant, AI-generated visualizations of the potential outcomes 2.
One of the most significant features of this tool is its ability to generate cost estimates for the proposed renovations. This functionality allows users to make more informed decisions about their property investments, taking into account both the purchase price and potential renovation expenses [1].
Realtor.com's Chief Product Officer, Mausam Bhatt, emphasized the tool's role in addressing a common challenge faced by homebuyers. Many potential buyers struggle to envision a property's full potential, often leading to missed opportunities. The Renovation Designer aims to bridge this gap by providing a clear visual representation of what a space could become [2].
The tool boasts a user-friendly interface that allows users to experiment with various design elements. From changing wall colors to adjusting flooring options, users can customize their virtual renovations to match their personal preferences. This level of interactivity helps buyers better understand the potential of each property they consider [1].
Renovation Designer seamlessly integrates with Realtor.com's existing suite of tools, including their popular 3D Home Tours. This integration provides a comprehensive virtual experience for potential buyers, allowing them to explore properties in detail and plan potential improvements all within the same platform [2].
Industry experts predict that tools like the Renovation Designer could have a significant impact on the real estate market. By providing more information and visualization capabilities to buyers, these innovations may lead to more confident decision-making and potentially smoother transactions in the property market [1][2].
As the real estate industry continues to embrace technological advancements, Realtor.com's Renovation Designer stands out as a prime example of how AI and visualization tools can enhance the home-buying experience, making it more accessible and informative for consumers across the market.
Reference
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Zillow, a leading real estate marketplace, has introduced new natural language features to its AI-powered home search tool. This update aims to make the home-buying process more intuitive and user-friendly.
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AI is transforming the real estate industry, enabling agents to focus more on personalized client relationships while automating routine tasks. New AI-powered platforms are emerging to assist home buyers, potentially changing the traditional role of real estate agents.
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AI-prop, a Japanese AI photo editing platform, is transforming the U.S. real estate industry with advanced AI technology that delivers high-quality, affordable photo enhancements in seconds.
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The Real Brokerage Inc. introduces Leo CoPilot, an enhanced AI-powered virtual assistant for agents, and previews Leo for Clients at their annual RISE 2024 conference, showcasing innovative AI solutions in real estate.
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AI is revolutionizing the real estate industry, with landlords adopting chatbots for tenant communication and agents leveraging generative AI for various tasks. This shift is changing how properties are managed and sold, raising questions about the future role of human agents.
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