House Rent App Development: Cost,Features, and Benefits

The house rent app development industry right now is one of the most promising and profitable industries. With more people relying on their smartphones for housing recommendations, the market is growing at an unprecedented rate. If you are interested to taking your first step here, know the essentials of building a house rent app today.

Latest stats

• Right now, 55% of the world’s population is residing in Urban areas and the number is going to increase by 68% by the year 2050. This trend shows that more people will actively purchase or rent properties in urban and semi-urban localities which will benefit the house rent app business considerably.
• The residential real estate market, which was around $493.4 trillion in the last year 2023, is going to reach up to $601.9 trillion by the year 2029. Among all the properties around the world, 81.10% of properties are residential, demanding large-scale attention to actively perform the buying and selling operations.
• Before making your own personal real estate house rent app take note of its development costs, essential features, types and benefits. Below are the details you are looking for.

Types of House Rent Apps

Depending on your business’s unique requirements, an app developer will propose different types of real estate mobile app ideas. Based on their features, approaches and end users, you can categorise real estate rent apps into 5 prominent categories. These are;

1. Mortgage and Financing Apps

Through this type of app, users can manage their mortgages and other financial needs, such as home loans and personal loans. By simplifying the process of mortgage application, payment tracking, and interest calculation, these apps help their users purchase property according to their financial capabilities.

Users here can explore different loan types depending on their business needs. They can choose between specific lenders according to the amount and type of loan they require.

2. Property Marketplace Apps

These are the most common real estate rental apps, offering 3 panels for extensive buying and selling operations. These apps provide a connecting platform for buyers, sellers, and property dealers to interact.

Here the sellers can showcase their properties with high-quality images and descriptions. On the other hand, buyers can contact the realtors to buy or rent the property, and the property dealers can help in connecting the buyers to sellers or vice versa and get a commission.

3. Property Valuation Apps

With the incorporation of AI in real estate property valuation apps, figuring out the worth or valuation of a property becomes very easy. These property valuation apps help real estate agents, buyers, lenders, and sellers find the exact worth of a property.

Using the latest AI and ML models, these apps find the worth of real estate by considering factors including its location, size, features, infrastructure, and comparative prices of other nearby properties. They help buyers and sellers to sell or rent their property at its true value and gain profit from the deal.

4. Real Estate Agents Apps

These apps are extensively for the benefit of real estate agents. Their work is to simplify and streamline the hectic job of property agents dealing with a wide range of data.

These types of apps help agents to directly communicate with the agents, schedule appointments, and track their commissions at the same time. This helps in simplifying the entire property listing, selling and profit-making process for them.

5. Property Management Apps

This type of real estate app is exclusively beneficial for landlords and property managers. Here they can manage a huge number of properties by configuring their documents, tracking their rents, and monitoring the timely rent payments.

For instance, Buildium is a popular house-renting management app. It helps property owners and managers to collect rent. It also guides them in managing property for the sake of getting more active financial returns.

Also Read: Real Estate Web Portal Development Cost & Key Features

Essential Features of a House Rent App Development

Your understanding of a house rent app development is incomplete without taking note of its essential features. Below are the must-have features of a real estate renting app according to the changing demands of this time;

· Search Filters

For users to use the app for searching properties, the search filter option is the most essential tool to include. Using this, users can search for their desirable properties by filtering them according to their locations, facilities, and price ranges.

· Chat

To meet instant queries there is no substitute for the chat feature. Using AI Chatbots, these apps can deliver immediate accurate solutions to similar queries of diverse customers. This feature alone limits the need to depend excessively on verbal communication.

· Maps View

This is one of the most vital features that top real estate apps do not miss to incorporate. The property prices and rents extensively depend on the location of the property. Therefore, this feature helps buyers to navigate the exact location and surroundings of the property they are interested in buying.

· Favourite Section

Just like in e-commerce or retail apps, in real-estate house rent apps also you will need to add the add-to-favourite section. This will save the time of the users who can easily purchase properties by going to the previously visited and liked properties from their favourite section.

· Registration

This feature is essential to enhance the authenticity of the seller’s and buyer’s identity. With a valid and smooth registration process, users will show faith in the app to make their purchase decisions.

· Property Comparison

Instead of making the users switch between properties on separate pages for a manual comparison, this feature will help them visualise the differences in one go. This heightened facility will increase user retention rates.

· Mortgage Calculator

This feature enables users to calculate their loan interests along with their repayment schedule right from the house renting app. This saves time, energy, and comfort for the user, which helps in increasing the popularity of the app.

· Virtual Tour

With the advancement of AR and VR technologies virtual touring of the property is a must to include features in house rent app development. With AR and VR support customers can customize and visualise the properties according to their needs before purchasing.

Benefits of Developing a House Rent App

There are manifold benefits to developing a house rent app in today’s digital landscape. These include;

1. Widening Market Reach

With the best app for house rent,​ you can readily widen your area of business. Smartphones are readily available for all now, and it will become easier to approach a wider community with a dedicated app for this.

2. Simplifying Browsing

A user-friendly intuitive real estate app helps customers easily browse through different properties, and compare their prices on the go. They can compare properties on the basis of location, size, age and number of rooms just using their fingertips.

3. Direct Interaction

Building direct one-to-one conversations to chats or live video calls becomes easy with a dedicated app. The tech-savvy generation of today prefers online interaction before indulging in face-to-face conversations.

4. Boosting Sales

As your area of marketing widens so as your sales. By providing readily accessible information these apps help buyers to make a quick purchase decision, thus increasing sales. 

Technology Stack for House Rent App Development

Technologies form the foundation of any mobile app development services of today. The tech stacks essential in building a house rent app are;

· Front-end and Back-end techs

For the front-end development of house rent apps developers use CSS, HTML, or JavaScript to create a user-friendly app interface. For back-end development, developers take the help of Microsoft Azure, Google Cloud Platform, or Amazon web services.

· Cloud Service

To facilitate seamless data storage and data transfer developers use tech stacks including GraphQL API or RESTful.

· Infrastructure

To facilitate auto-scaling and subsequent integration of new property listings in the app infrastructure, they use tools including AWS and Heroku.

· Database

To combine diverse databases for storing data and ensuring its protection developers use technologies including MySQL, Redis, and PostgreSQL.

· Testing and Debugging

For multiple testing and subsequent debugging of the app before launch developers use tools including Docker and Kubernetes.

Development Process for a House Rent App

Before consulting with a real estate app development company it will be helpful for you to know the development process of a house rent app. These are the basic steps of real estate app development that you will have to follow;

1. Discovery Stage

In this first stage, you will gain a profound understanding of your target market, its user base as well as competitive edge. For this, you can take an extensive market research and understand what is in demand right now.

2. Designing Stage

In the design stage app developers focus on making the house rent app to be user-centric and easily navigable. While designing the app they lay special stress on the visual appeal by providing high-quality images and virtual tours of the properties.

3. App Development Stage

In the final development stage, the design of the app meets real-life challenges. It includes managing an extensive database, following market trends, and delivering locality-specific information to users with top-notch visually aesthetic imagery.

4. Testing Phrase

After development, a rigorous testing and debugging process occurs to ensure the app runs smoothly after launch. This phrase is essential as it ensures that the app is reliable and compatible for delivering user satisfaction.

5. Launching and Monitoring

After successful testing, the app gets ready to launch on Android and IOS stores with follow-up marketing to raise awareness. However, the process does not end here, continuous monitoring refines the performance of it in the long run.

Read More: How to Build Real Estate Mobile App – Cost & Features

Cost of Developing a House Rent App

The cost of a house rent app development depends on the complexity of the app, the platform used to develop it, the tech stacks behind it, and the ongoing maintenance charges. The constant upgrades also add up to the cost.

On average an on demand app development company will cost you around $60,000. Depending on the above factors the price range may get from $40,000 to $100,000.

Monetization Strategies for a House Rent App

Monetizing a house rental app can be highly profitable if done correctly, as there are multiple revenue streams you can tap into. Here is several effective monetization strategies for a house rent app;

1. Subscription plans

Offering subscription plans for landowners to access advanced features including unlimited listing, reporting, or advertising options. With a premium subscription, they will get to enlist on premium listings with a heightened scope for direct sales.

2. Commissions on Successful rentals

Demanding a commission fee upon every successful rental booking or agreement will help with monetary benefits. You can charge a small but long-term fee or a one-time percentage on the property agreement.

3. Advertisements

Advertisement is another impactful money-making option for you through your house-renting app. You can earn from Google Ads or showcase advertisements of a third-party advertiser as well.

Conclusion

To conclude, house rent app development is right now one of the profitable businesses that you can easily pursue with a classy high-end house rent app. Hopefully, the information you get here in this article will help you build your own house-renting app with utmost care and sensibility considering the present market trends. Don’t neglect to hire dedicated developers for this purpose, as real estate app will require their constant support.

FAQ’s