Best Real Estate Development Software Comparison & Reviews 2023

Plan the Entire Development Process

With materials cost and labor availability still troubling the real estate and construction industries, crafting an efficient plan from procurement to delivery is essential to maintaining profitability.

Real estate development software leverages historical and real-time data to help identify a project’s critical path and determine scope. Using that information, you can create accurate, efficient, cost-effective schedules that protect your margins and ensure timely completion.

Maintain Legal Compliance

Whether small remodels or large commercial builds, developments require a mountain of legal paperwork. And if you miss any signatures or application deadlines, subsequent delays and cost overruns can quickly eat up your profit.

Real estate development software digitalizes every document and places it in a single location. This organization allows you to quickly access, catalog and manage permits, certifications, deeds, declarations of trust, land registrations, zoning evaluations, inspection records and other essential documentation needed to prove and maintain compliance.

During the pre-construction phase, you can create checklists for each necessary document and place alerts inside schedules or calendars to ensure you never miss a deadline.

Streamline Communication

As renters and buyers demand more and better amenities, development projects become more complicated, requiring better communication and collaboration between stakeholders. If your team isn’t in harmony during every step, one small mistake can grind progress to a halt.

Real estate development software acts as a single source of truth. Instead of creating multiple design documents at various stages of life, all stakeholders can reference a sole design document and see when changes were made and by whom.

Development solutions also automatically update contractors and other field workers when changes to delivery times or schedules occur. Also, team members on-site can instantly provide progress updates and photos to the main office so everyone is on the same page.

Reduce Errors & Improve Efficiency

Managing a development requires constantly switching focus, resolving one unexpected issue after another. And try as you might, that can lead to costly oversights and errors, especially when dealing with tedious and complex tasks like schedules and finances.

Real estate development software’s automated tools and premade templates relieve managers and other team members of time-consuming tasks like updating inventory, scheduling, researching and creating proposals.

By eliminating the need to complete tasks manually, automation saves work hours, prevents the risk of human error, reduces costs and allows you and your team to focus on more critical issues.