Increasing demand for building information modeling (BIM) in the construction industry is a key factor fueling the 3D rendering market growth. According to Global Market Insights, 3D rendering market size passed the $3 billion mark in 2022, and will grow at a 20% CAGR between 2023 and 2032 to reach $35 billion. 3D renders have become essential visual tools for property developers, as they help them explore and represent unique building designs. With 3D rendering, property developers can communicate their construction plans through adverts placed on banners, social media, and other marketing mediums even before the development project begins.
So, what is 3D rendering and how does it work? In simple terms, 3D rendering is all about developing easy-to-explain property design images using 3-dimensional data and software. There are different 3D renders that property developers can use for interior design, planning backyards using 3D exterior rendering, and creating floor plans. Keep reading to understand the significance of 3D rendering in property development.
Conventional property design plans like 2D, blueprint, and drawings help developers showcase a rough idea of residential and commercial spaces they want to develop. However, these plans don’t give detailed information on the height, angles, and scale of buildings. 3D rendering provides accurate measurements of spaces within buildings planned for development. For example, a 3D image of the living room gives basic measurements of the ceiling height and square footage of the room, and precise measurements of the height and width of windows. Rendered images also show the exact distance between furniture, angle, scale, and volume of unique elements in the space. 3D renders allow you to rotate images for direct visualization of distances that are often not clear in static images.
A lack of information about property development can lead to costly mistakes. For example, failure to understand safety tips for operating skid loaders to excavate and grade construction sites can cause serious accidents, leading to increased downtime. Following safety procedures like wearing seat belts when operating a skid loader and using restraint bars goes a long way to prevent injuries. Likewise, having in-depth knowledge about real estate development can help reduce errors throughout the construction phase.
Development teams, including architects, engineers, builders, plumbers, and electricians, should be well-versed about what the project entails, and the practices they should follow to make the entire project a success. Since 3D rendering helps visualize models and images clearly, it’s easy to evaluate designs and determine the best way to bring the ideas into reality. It’s also easy to identify inconsistencies and flaws in project designs and correct errors like wrong placement of electrical wiring or plumbing structures before they’re incorporated into the physical building.
Getting funds for real estate property development can be the most difficult phase of your project. In most cases, lenders and investors refuse to finance real estate developments because of a lack of detailed project design concept. After all, presenting technical reports, design sketches, and blueprints can lead to confusion.
By leveraging 3D rendering for site planning and property design, you can bring your ideas to life. That’s because 3D rendering creates realistic images with the exact materials, textures, and lighting you want in your building. That way, investors can have a clear vision of your project plan and determine how much they’ll finance to get your project started.
3D rendering is gaining a lot of attention from property developers looking to streamline the land development process. With the help of 3D renders, property developers can explore different interior and exterior designs and floor plans. Then create and present easy-to-read designs to potential investors and property buyers. They can also market their development projects even before construction begins. Other benefits of 3D rendering in property development include accurate measurements of property, communicating project plans to potential lenders, and reducing errors in construction.