Software for Real Estate and Land Development

86
Custom Software Development Agency

The processes behind real estate and land development are extensive, ranging from the initial acquisition of land parcels to the final sale of a completed structure. 

These processes are so extensive, in fact, that the best software developers who maintain them often find themselves juggling many tasks. Developers are the ones responsible for securing suitable land for specific construction projects, evaluating structures for potential renovations, and determining how best to use existing land areas. And although the full range of development processes are considered essential primarily for new construction sites, many of them extend to the sustained management of existing properties as well. That’s why so many developers today are utilizing new and emerging software to better manage their real estate development needs. 

What is Software for Real Estate Development?

Land developers, architects, and contractors alike all used to work under looming mountains of paperwork—legal documents, property bids, financial administration, etc. But with the help of real estate development software, digitally organizing and filing legal documents can be completed in seconds. Software solutions can also generate comprehensive bids for potential developments, and automatically manage existing projects.

By taking so much of the technical workload off of human developers, real estate development processes have become more efficient than ever. Completing bids and beginning new projects is nowhere near as complicated or tedious as it used to be. Meanwhile, on the financial side, land development software can forecast potential project budgets during each proposal, helping developers make strategic decisions every step of the way. 

What can Software Do for Real Estate Development?

When it comes to real estate development, there are several critical things software can do to help the development process.

  • Reporting: Software can generate customizable reports for every proposal, allowing for the most accurate and streamlined record maintenance possible.
  • Bid Management: With pre-programmed templates, land development software can create new project bids, control timelines, and organize past bids based on success rate.
  • Document Management: As aforementioned, the paperwork that real estate development entails can be exhausting, but software has the ability to manage, secure, organize, store, duplicate, and triplicate each and every document with ease. 
  • Project Management: Development software can coordinate and execute project tasks, like planning, employee scheduling, and resource purchase, allocation, and delivery.

How Much Can Real Estate Development Software Cost?

Typically, prices vary for all-in-one real estate development software. Factors like company size and number of users can influence cost, so make sure to consider these variables when budgeting for the right software. 

Pricing will also depend on whether your company requires on-premise software management, or is able to access Cloud-based software platforms. Although web-based solutions often charge monthly or annual fees as opposed to a one-time fee for a perpetual, on-premise license, these software solutions offer better accessibility and less downtime. Plan prices can soar as high as $1,600 per year per user, or drop to around $15 per month per user. Meanwhile, one-time perpetual license fees can range from $30,000 to $395. So even if your real estate development company is small, there are software solutions available for any budget.