Due to increasing activity in the French real estate market, our clients decided to develop software to give quick information about the rate of return of property for sale.
As they have never tackled similar projects before, they entrusted us with software development to turn their idea into reality. So, it was our responsibility to offer convenient development technology and suitable design options to help the idea succeed.
At the beginning of our collaboration, our client had a raw idea that supposed only calculating a property’s rate of return. Since one feature is not enough to attract clients, it was necessary to form and develop a list of core features to satisfy early customers.
The biggest challenge was to develop and implement accurate formulas to provide users with ready-to-print, correct calculation results, as far as possible - this was a clear need due to the increasing competition in the market. Belle Renta had to beat the competition providing the clearest and most detailed outcome.
Summarising all of the above, we highlighted the scope of work:
To create a Minimum Viable Product to attract and satisfy early customers;
To provide clearly thought out and accurate formulas for calculations
Together with the client, we developed a list of core features which were needed to attract the first customers - this was done to ensure market survival for Belle Renta. After rolling out these key features, we were going to extend the functionality to develop a single real estate base for the French market.
We then determined how different factors affect the profitability of real estate. As Belle Renta calculates both common factors and more specific details, we relied on the expertise of our analysts.
They determined the specific value of each factor, analysing how they influence the property price, so that we were able to develop the most accurate formulas possible.
As a result of our development process, our client received an application which helps French entrepreneurs to evaluate a property in the most efficient way.
The product met all their requirements and we managed to bring the raw idea to life, with the possibility of its further improvement.