Finding a room far from the residence is a tedious task for anyone. Many people suffer a lot in realizing a suitable place for their living. To resolve this issue, the Real Estate market introduced numerous applications with multiple features such as housing options, cost negotiation, and other amenities.

“A room should be spacious like a heart. It should adore you with sanctity.”

Businesses are investing to build a Real Estate app like SpareRoom with multiple inbuilt features to give users one of the best experiences. People should have great exposure in using app like SpareRoom and later on can provide valuable feedback for enhancement of the application.

We are discussing here to provide businesses an opportunity to meet their expectations from the Real Estate industry with an enhanced platform.

Quick Summary: This blog will give you an insight about the advantages to build applications such as SpareRoom and what are the steps included to give a high flight to your venture.

 

Knowing the SpareRoom 

People searching for residential places are the only witnesses to this application. SpareRoom provides rental spaces for the people who are looking for rooms at outstation. It is a top real estate app which is very much popular in the United States and North American continent.

SpareRoom provides better portability with a verified listing portal and compulsive design to the users. It is partnered with more than 1000 of house owners worldwide. SpareRoom has distinguished features like personalized user space with various amenities. 

If you are having an idea to build a Real Estate app like SpareRoom, then you can contact a mobile app development company which may help you through every process.

 

Future Predictions and Projections

 

 

1. Market Analysis

In a report published by the renowned journal of international statistics, it was shown that the Real Estate market is going up with new stock investments.

• The worldwide market of Real Estate is predicted to mark the booming value of USD 637.80 trillion at the end of 2024.
• In the United States of America the Residential Real Estate market is dominating with a predicted business volume of USD 518.90 trillion in the current financial year.

 

2. Growth Statistics

The growth factor in the Real Estate market depends on different factors including demography, population, social aspects, and variable sources.

• The Real Estate sector is known to have a sophisticated growth of 3.41% CAGR between 2024-2028, annually. 
• It results in an industry volume of USD 729.40 trillion till the financial year of 2028. From a global perspective China is grossing the highest revenue in the Real Estate business, with a whooping  USD 135.70 trillion in 2024.

 

3. Business Sustainability

If as a business to excel in the Real Estate industry there are some sustainable inputs that would help to increase the revenue and keep the competition alive.

• The Real Estate Market at the international level was formulated at USD 3.69 trillion in the FY-2021 and is envisaged to thrive from USD 3.88 trillion in FY-2022 to USD 6.13 trillion till FY-2030, with a growth rate of 5.2% CAGR in the upcoming period.
• There is a flourishing demand for Real Estate properties in suburban areas in the United States of America. This would create opportunities for real estate app development service providers to gain popularity among other alternatives.

 

Working Mechanism of  Real Estate Apps Like SpareRoom

The SpareRoom is one of the best property rental apps with various suitable functionalities and hand on features. As a business you should be wise enough to decide what on demand app development services you have to avail. It is necessary to gain some knowledge on how Real Estate applications work. Let us delve into it.

 

 

1. Download and Install the App

SpareRoom is a readily available application. SpareRoom is on both the application download store which is play store and app store. If you are in the race to build a Real Estate app like SpareRoom you should make your platform available to every user.

Now, the app is enabled to install the packages for device supportability and compatibility. SpareRoom is one of the top real estate apps that provides good support and bug fixing facility.

 

2. Exploring the Application

The initial step is now to proceed for further exploration. Now, it is the time to get to know this Real Estate app along with other settings. If you also own a real estate business, you can also build commercial service software for your customers with brilliant navigation.

 

3. Selecting Type of Residence

As an industry expert, if you build a Real Estate app like SpareRoom then you should provide the variety in housing options that users can select. Consumers may choose from different residential options according to their preference. You can contact a real estate app development company to build a similar app for your business.

 

4. Checking the Facilities

It is a necessary thing for a customer to know about the facilities they are getting after finding a room. SpareRoom is the best app for property rental connecting with honest partners providing comfortable amenities to the customers. You may raise your business to create an app like SpareRoom which is remarkable in the field of Real Estate.

 

5. Contact Owner and Negotiate

SpareRoom provides a facility of interaction between the customers and the owner of a residence. It is one of the best Real Estate apps for buyers & sellers. As a market tycoon, you can also build a Real Estate app like SpareRoom and dive into the business of Business to Consumers. 

 

6. Done with the Deal

The final step is to lock the ultimate deal with the owner and book a room in advance. SpareRoom is one of the best apps for real estate agents and advisors providing wide property options for selling and buying. Being at a business niche you can contact an android app development company to develop an app similar to SpareRoom.

 

 

Key Steps to Build an App Like SpareRoom

This part will tell you the steps to build a Real Estate app like SpareRoom. You should be attentive and read this fraction of the blog carefully to know the structure to make a similar application.

 

 

1. Initializing the Plan

Plan initialization is the first step in building any kind of application. You can build a real estate listing portal for the customers to help them in finding the best place for their living. Consult an app development service provider that can guide you through the mobile app development process

 

2. Hiring a Right Development Partner

The second step is to contact a right partner to build a Real Estate app like SpareRoom. Firstly, they should have the best development team and secondly, they must provide the best real estate maintenance services for your application.

 

3. Selecting a Theme for the Interface

To increase the user engagement on your application you can develop a real estate management app with interactive and responsive themes. For Apple device users you can render multiple and intuitive themes in different categories like universe, festival, pets and much more. You may contact an iPhone app development company which may help you to provide reactive themes.

 

4. Deploy Technical Stack

Using the best and advanced tools and technologies for both front end and back end would help you out to build a real estate app like SpareRoom. An application should work dynamically to provide better experience and compatibility to the users. You can also take advantage of Blockchain in Real Estate industry for your application. 

 

5. Application Testing

The application is now all set to undergo a test to be a trusted and verified platform for all kinds of real estate properties. This is the penultimate step where your application is tested under various tools like vulnerable scanning of bugs and finding of errors in code.

 

6. Integrate and Launch the App

Finishing up all the steps now it’s time to integrate your application with verified and common payment gateways. The launching and updating of the application is the last step towards maintenance and security with profound technology like vulnerability testing tools and tiger box tools.

 

 

Useful Features to Develop SpareRoom Like App

To build a Real Estate app like SpareRoom you should understand the key features that you must incorporate in your application. It would be a great move to discuss the features from an app development solution provider. In this section you will get a few related features that must be a part of a Real Estate application.

 

Features	Description
Impressive Search	Users can find best searching options like houses, apartments, rooms, PG, and rentals with best available services and facilities. It must be dynamic enough to provide linear search.
Navigation Facilities	Implement a navigation system to view and locate a particular residence according to the users preferences. This will allow easy and accurate searching.
Enlisting of verified properties	Revel understandable property options to the buyers and with reasonable stature of rates. It should include photos, previous reviews, and neighbor insights.
Add to Favourites and saved feature	Users can save the property of their interest in the favorite section. This will allow them to revisit the property later on to get easy access.
Enabling Notifications	Sending alerts related to preset filters and preferred locations. This will allow user engagement with the application and notify every information related to prices and vacancy of property.
Partnering with Legal property holders	Enable a legal partner to give information related to loan amount, interest rate, and down payment. It provides users with a balanced score to take loans with limited resources.
Interactive session	Integration of chatbot in the application would be beneficial for the users to communicate and interact with the owner related to negotiation and amenities.
Information of nearby services	Users can know about the nearby services like hospitals, hotels, banks, and official buildings with the help of this feature. This would help them to find any service within a short span of time.
Feedback and insight facility	Through this feature users can provide their valuable feedback for further improvement in the facilities and services that are being provided by the application.

 

Top Alternatives to build a Real Estate App Like SpareRoom

If you look at the alternative list for similar apps to SpareRoom, then it is easy to find many. But, there are only a few of them which are best on their own. Here, is an attached list which provide great information about Real Estate application:-

 

 

Top Real Estate Alternative Apps	Supported Devices	Downloads	Ratings
Roomster	Android|iOS	1M+	4.1
Badi	Android|iOS	1M+	4.3
Zillow	Android|iOS	50M+	4.7
Realtor	Android|iOS	10M+	4.6
Apartments.com	Android|iOS	5M+	4.2

 

1. Roomster

Roomster is a US based application with highly specific features and functions that provides a good source of housing facilities to the customers. It is the best app to invest in real estate industry if you are looking forward to building an application similar to this.

 

2. Badi

Badi is a most widely used mobile application in the United States of America. The citizens can find diversified properties with great amenities and social outlets. Badi is the modified version of buddy which provides private space to friends and families.

 

3. Zillow

Zillow is one of the renowned and reputed platforms which provide assorted and collective information about the listed and non-listed properties to the users. You can take help from a mobile app development company to develop a Real Estate app like Zillow to entice a large user base and engagement.

 

4. Realtor

Realtor is a practically tested application with nice housing portals. It is a very easy to use application with sensible and ambient features. Users prefer this application because of its short process to allot property for living.

 

5. Apartment.com 

As the name suggests the type of residential property this application provides to the users. Apartment.com is a subsidiary platform to many Real Estate applications. You can develop an app like Zumper which is one of the alternative to apps like Apartment.com

 

Steps to Earn Money From App Like SpareRoom

Business can earn money by implementing the following methods:-

 

 

1. Integrate Advertisements

Putting advertisements on the application would increase the traffic of users and generate the source of income for a business. You can also build a Real Estate app like SpareRoom which is an ad-supported platform minting money in large numbers. 

 

2. Provide Memberships to users

Providing different kinds of subscription models to different classes of users would certainly increase your earnings. You can hold a survey to identify the preferences of the users and number of users in a particular section of society to build a Real Estate app like SpareRoom.

 

3. Commission based Partnership

Partnering with different house owners and providing a little part of money from your generated profit may likely attract more property owners with better facilities and comfort. This will benefit your customers and assure a reappearance from them.

 

4. Free Trials

You can build a Real Estate app like SpareRoom and provide weekly or monthly free trials to the users by charging only a 10% of the subscription fees as a token money. From this you can gain trust and belief of your customers and expect good responses from them.

 

Why do People Use Real Estate Apps Like SpareRoom?

People do prefer apps like SpareRoom because of the following capabilities:-

 

 

1. Trusted Platform

SpareRoom is a trusted platform with multiple facilities and features to provide good support and services to both the buyers and as well as to the sellers. To build a Real Estate app like SpareRoom is the best move in the direction of success and prosperity.

 

2. Easy to Use Application

SpareRoom is a really impressive and very easy to use platform. It does not require any specific knowledge about real estate. It is a very good real estate application with interactive chatbot providing solutions to all the queries to the users. This is a good implication of AI in real estate industry helping the customers without human support.

 

3. Discounted Rates

It provides beneficial discounts on the subscription of the application to the users for becoming a member with eligible and blazing benefits. You may link to an app development service provider to Build a Real Estate App Like SpareRoom for your venture.

 

4. Verified Listing

SpareRoom is the most widely used and best real estate app in US with numerous and creative listings of housing options. It provides the top properties and flats at affordable and reasonable rates to the customers. 

 

5. Long Time Support

Providing an everlasting support to the users is a must for any application to survive in this competitive market. If you have available resources to provide future support and to create a real estate app like SpareRoom then you must be ready to invest your time and money for worthy output. 

 

 

What are the Benefits for SpareRoom App Development?

The benefits to develop an app like SpareRoom helps businesses in the following way:-

 

 

1. Genuine Customers

As a business expert you must be thinking that to build a Real Estate app like SpareRoom how much support you need? The answer to this question is more than 10 million. Yes, this is the user count of applications like SpareRoom. There are a pool of trustworthy customers that can generate profit for your business.

 

2. Less Competition

In the sector of Real Estate the battle to be number is quite slow and less than other industries. SpareRoom is the top and leading market platform for buyers and sellers of property and specified rooms. 

 

3. Large Market Cap

Instead of less competition in the real estate industry the market value is more than USD 500 million. As a merchandise if you are looking to make a real estate application then you should know the mobile app development cost in the present layout.

 

4. Varied Partnering Options

As a business you can partner with different owners and house providers to expand your potential to generate employment as well as income to the agents. It is the need of most of the Real Estate business experts to build a Real Estate App Like SpareRoom to provide vast interaction support to the customers.

 

5. Spread Business at Multiple Locations

Not only in the United States of America but also you can spread your business to all over the world. The technical support would help you to provide Real Estate facilities to the users. This would attract a large number of subscribers from different parts of the globe. 

 

 

Cost to Develop a Real Estate App Like SpareRoom

For an expert in the Real Estate industry it is significant to know real estate app development cost to develop an efficient and spool proof application. You can find an eminent mobile app development solution provider to build a Real Estate app like SpareRoom with cost reliant facility. 

To make an application with simple features requires an investment of $8000-$14000. Instead, to create a complex version you need to invest as high as $26550.

 

Website Structure	Development Time	Estimated Cost
Simple Website	5-8 months	$8000-$14000
Moderate Website	8-12 months	$14000-$20500
Complex Website	More than 12 months	$20500-$26550

 

Business Corner!!

The real estate applications are very much popular among the home finding users. The main motive to build a Real Estate app like SpareRoom is to solve problems related to housing options and prices of property. 

It is the right time for many business experts like you to jump into the Real Estate market and invest wisely to generate a large amount of profit and revenue.

 

FAQs!

Q1. How Long Would it Take to Build an App Like SpareRoom?

• For an application to build it needs a time of 2-3 months for initial set up.
• It takes 3-4 months to generate APIs and deploy tools at the back end.
• Finally, it takes around 12-15 months to build an application with complete features.

 

Q2. How Much Does it Cost to Develop an App Like SpareRoom?

• The cost depends on the complexity and algorithm of the application.
• Typically, for a simple website it is between USD 8000-USD 14000.
• To develop an advanced website it ranges from USD 20500-USD 26550.
• In case if you hire mobile app developers it can go much higher.

 

Q3. What are the Benefits to Create an App Like SpareRoom?

• Expansion of business is easy.
• There is less competition with large capital benefits.
• Can negotiate costs with trusted app development service providers.
• Surety of users engagement and availing membership facility.

 

Q4. How to Earn Money From Apps Like SpareRoom?

• Can deploy advertisement based earning models.
• Provide membership and subscription facilities.
• Partnering with commercial property holders.
• Imposing free trials for users to gain trust.

 

Q5. How Dev Technosys is a Trusted Partner for your SpareRoom App Development?

• The Real Estate market states that 55-60% of the population in the world are dealing in most of the property under various agencies. It is 6-7% of the GDP of any country.
• Dev Technosys provides you the best possible way to survive in this industry by providing you a platform to access.
• You can hire dedicated developers from our team which would be eager to help you out at their best.
• We provide top edge technology and maintenance support to every single cycle of the application development process.