Published on May 9th, 2023
Real estate is among the most rapidly growing industries that have the highest percentage of the world economy. Industrial, commercial, residential, and open plots real sectors have witnessed massive growth in world markets.
Contrary to traditional investing, today the public is obsessed with making investments in residential, purchasing equity shares, and gaining the benefits of investing with apps. Real crowdfunding applications for real estate are extremely popular and have millions of downloads each year. Real property investment apps also assist investors to select the best properties.
Are you considering developing a real-estate crowdfunding mobile application similar to Fundrise?
This article will aid you in many ways. This article will provide information on the functions and features you should add to Fundrise Clone app development. There are also details on the costs of developing an app for crowdfunding real estate.
What is A Crowdfunding Platform?
Crowdfunding is a new method for companies to raise funds to support their business or future development projects. It is a great way for companies to raise the exposure of their business proposition and get the investor’s focus of investors easily.
What is a Real Estate Crowdfunding App and How Does It Work?
Real Estate Crowdfunding applications are apps that permit buyers to put their money into a vast selection of properties. Investors can purchase some of the properties and earn returns based on their equity shares. This process of digital financing provides a new method of raising money for real estate projects on a large scale.
The boom in crowdfunding for real estate is heavily founded within countries like the USA, the UK, and European countries. Companies in these countries have a large number of people downloading crowdfunding applications and listing their properties and raising funds with no difficulty.
What is a Fundrise Mobile App?
Fundrise is among the top real estate crowdfunding platforms that are available in the USA. It was founded in 2012 and is headquartered in Washington, DC. Fundrise is regarded as the fastest-growing private business in America. This top real estate investment app has also been awarded the top Forbes Fintech 50 award recently.
Fundrise-like America’s most popular real estate app offers users the flexibility to select the right assets and build a solid portfolio of investments. Users can create a set of investments in one asset, and earn the largest equity share.
The app will send updates about their investment options in the newsfeed. Investors can thus build an investment portfolio and monitor the benefits of funding.
The whole investment process is extremely secure and transparent thanks to the best real estate crowdfunding mobile applications in the USA such as Fundrise.
As of the moment, this most popular real property investing platform USA includes 371,000+ private investors and holds over 1 billion dollars of equity on behalf. According to Fundrise the net dividends that investors earn are around $226 million at the time of September 2022.
Fundrise app is also named the best Forbes Fintech 50 and Washington’s top real estate investment application.
Furthermore, Fundrise is the most frequented real estate crowdfunding site in the USA and receives over 556K users per month.
Do you want to create an equivalent crowdfunding platform to Fundrise?
Here’s a listing of the features and functions that you must not miss out on and incorporate into your crowdfunding platform. These features are among the primary reason for the success of Fundrise, which is the most popular property crowdfunding platform across the USA.
Must-Add Features In A Real Estate Crowdfunding Platform Like Fundrise
If you decide to release the minimum viable product or launch full-fledged apps directly, the features you incorporate and the features that your application provides determine the success of your application.
As many crowdfunding applications offer seamless investment experiences for investors of all kinds, the elements will be crucial in making your app unique.
- The login and sign-up process is hassle-free.
- Credential verification of the user via OTP
- Account details authentication
- Search facility to locate properties and investment information
- Filters, like the location, type of property size, etc. to choose the right property to invest in.
- Flexible investment options that are as low as you’re able to pay
- Investor newsfeed to notify investors of construction works, or any other development in the investor’s assets
- The two-factor authentication method for providing high-level security to the private financial information of the investor
- The ability to provide chatbot support in-app or direct contact with financial professionals could help your customers get fast-responsive assistance.
- The dashboard feature allows users to look at their investment portfolio.
- Project listings for development projects, along with specifics, the maximum investment limits, and the equity share that is available
- Profile pages for investors, where they can connect to their bank accounts and set investment goals
- The real estate crowdfunding app, with the ability to invest and calculate returns in-app. increases the personalization of user experience.
- A leading Real estate investing platform that is similar to Fundrise is designed with a cash withdrawal feature. This improves the reliability of the app and attracts the attention of investors who have been loyal for years.
- Simple app design
- Push notifications and notifications about the portfolio of investments and financial reports
- Ratings and reviews
These are the most fundamental features of Fundrise-like, a well-known crowdfunding platform for real estate development.
Steps to Design and Develop a Real Estate Crowdfunding App Like Fundrise?
Fundrise is a Washington-based real estate-related crowdfunding site that’s growing in recognition in the real estate sector. The model of development and the approach must be clearly defined prior to beginning the process of developing the Fundrise replica app. These are the steps you should follow when creating an app that is similar to Fundrise.
1. Market Research
It’s one of the most important stages where you will be able to determine the advantages and disadvantages of creating an application like Fundrise. This research will assist you to determine the list of features and setting the scope and determining the rate of success of your brand-new real estate crowdfunding app ( Android/ iOS).
Our team of analysts and developers will be focused on the latest trends in crowdfunding and will add features that are investor-friendly to your apps.
2. Requirement Analysis
The next step will be to conduct a requirement analysis. This will assist you in determining the most important and friendly features. Based on the requirements of your app and goals, our skilled experts of custom mobile app developers in the USA are able to analyze and assess the most effective features to increase the potential value of your investment app.
3. Eye-Catchy and Simple Design
The user interface for popular online crowdfunding sites for real estate such as Fundrise is among the main reasons for its popularity. A simple interface allows users to quickly navigate to the pages they want to visit.
The iTechnolabs’ top mobile app designers are able to make simple and easy-to-understand UX/UI designs that make your application look more attractive and user-friendly.
Get a no-cost application quote for a Real estate crowdfunding application!
4. Develop and Deploy An MVP
A minimum viable product that has basic features is a great method of assessing the user experience. It can also lower the total costs of crowdfunding for real estate application development.
iTechnolabs has been ranked as the top MVP development firm in the USA. Our team of top app developers and imaginative graphic designers will create and build a perfect native mobile app in the shortest timeframes.
5. Update Features As Per User Needs
Based on feedback from users and issues they have encountered in accessing the MVP application, you’ll be able to alter the app and provide an application that has a full range of options.
6. Aware Of Crowdfunding Policies
Understanding the rules of the government and regulations applicable to the real estate crowdfunding industry is essential to get rid of the hefty penalties.
Now let’s look at the cost to create an investment app in real estate such as Fundrise with the features mentioned above.
How Much Does It Cost To Build a Fundrise Clone App?
The Fundrise-like real estate crowdfunding platform development costs will range from $100k to $150,000. The cost of mobile apps that are crowdfunding for real estate will be contingent on the model of business and development method as well as the features list, application development method platform, the size, and the location of mobile app developers native to the USA.
Additionally, the hourly rates of the # Mobile App Development Company USA will influence the cost of developing crowdfunding apps. The price of developing apps per hour can vary depending on the geographical location of mobile application developers.
In this case, it is true that it is expensive to recruit mobile app development firms from the USA as it is quite high contrasted with the costs of employing Android as well as iPhone app developers within countries like the UAE as well as the UK.
Tell us about the idea for your app and receiveultimate guide to cost to develop a real estate crowdfunding app like fundrise a free application quote here!
iTechnolabs’ professional coders bring life to your desired app ideas and initiate minimum cost coverage giving the best results.
