Research
The Research
I began by conducting light market research to put our target into perspective. The purpose was to evaluate the current digital platforms available and discover what strengths and weaknesses there could be.
Goals:
- What features are common across platforms?
- What features are platform specific?
- How does a user typically explore the platform?
- Is the application process done through these platforms?
- What areas can be improved or done differently?
Findings
Most apartment listing platforms and websites share a lot of common features. You can typically find generic information for an apartment, but specifics such as the building's management, as well as the apartment's history, are usually limited.
In addition, almost none of the popular apartment listing platforms offer a standardized process for either scheduling an in-person tour of the apartment, or applying to rent it. To do so typically requires coming in direct contact with the building's management.
The key takeaway is that these are areas that can be improved. By automating or standardizing a large portion of these processes, reducing the disconnect between apartment hunting and applying, as well as eliminating uncertainty in viewing these listings, the overall experience can improve. In addition, conversion focused on applying through the app can monetize based on processing fees.