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Automating Property Valuation Reports for KeyLiving GmbH


Introduction

In the fast-paced world of real estate, providing quick and accurate property valuations is crucial. KeyLiving GmbH, a real estate brokerage based in Vienna, recognized the need to streamline its process of generating property valuation reports. With a focus on cost-effectiveness and scalability, the company sought to automate the creation of comprehensive valuation reports in PDF format. This case study delves into the project’s challenges, solutions, and outcomes, highlighting the collaboration between KeyLiving GmbH and Wetomate, a consultancy specializing in automation and digital solutions.

Information

Industry
Real Estate / PropTech

Client location
Austria

Challenge

KeyLiving aimed to capitalize on digital advertising to generate leads. These leads, potential clients, required accurate property valuations. The primary challenge was to devise a solution that could automate the valuation process, delivering detailed reports in PDF format. This automation needed to be cost-effective and scalable, ensuring that increased marketing efforts would not proportionally inflate operational costs. The project demanded a blend of technological innovation and strategic planning to handle the anticipated volume of valuation requests.

Solution

Wetomate provided consultancy and support to KeyLiving, focusing on the automation of the property valuation process. The solution involved developing a digital tool that could:

  1. Automatically gather relevant property data: A funnel application is used to collect the necessary information about the property’s location, size, condition and market trends.
  2. Calculate valuation estimates: The tool employed sophisticated algorithms to analyze the gathered data, providing accurate market value estimates.
  3. Generate detailed PDF reports: Based on the valuation estimate, the tool compiled comprehensive reports, including market analysis, property details, and valuation rationale, formatted as PDFs for easy distribution to clients.
  4. Ensure scalability and cost-efficiency: The automation was designed to handle increased loads from scaling marketing efforts without significant cost increments, utilizing cloud computing and efficient data management practices.

Results

The project was a resounding success, meeting all the outlined objectives:

  • Cost-effective automation: KeyLiving now benefits from an automated system that significantly reduces the cost and time involved in generating property valuation reports, even as marketing efforts scale.
  • Scalability: The solution proved to be highly scalable, handling a growing number of valuation requests without a need for proportional increases in budget or resources.
  • Client satisfaction: The automated valuation reports enhanced client satisfaction, providing quick, accurate, and detailed property valuations that bolstered KeyLiving GmbH’s reputation in the digital real estate market.
  • Strategic advantage: This automation project positioned KeyLiving GmbH as a forward-thinking company in the real estate sector, capable of leveraging technology to improve efficiency and client service.

“The automated valuation tool has been a game-changer for us, allowing us to serve our clients faster and more accurately.”

Matthias Mischek, Managing Director @ KeyLiving GmbH

Conclusion

This case study demonstrates Wetomate’s capability in delivering tailor-made automation solutions that address specific business challenges. For KeyLiving GmbH, the automated property valuation system represents a significant step forward in their digital transformation journey, offering a blend of efficiency, scalability, and customer satisfaction. Wetomate continues to support businesses across various industries in harnessing automation and digital technologies to achieve their strategic objectives.

For inquiries or consultations on similar projects, Wetomate’s team of experts is ready to assist you in exploring innovative solutions tailored to your business needs.

Your personal contact

Do you have a similar problem or questions about this case study? Our experts are happy to consult you on data analysis and automated data retrieval.

Stefan Erben Interview Wetomate
Stefan Erben

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