Business Insider: 26 Hottest Proptech Startups of 2023
What it does
TestFit uses AI to create building designs for residential development projects, complete with comparisons of construction complexities and costs.
Sometimes squeezing in 400 apartment units isn’t the best solution. TestFit gives us the possibility to see different schemes and choose the best one for the best financial results.
Why it’s hot
Real-estate development requires contractors to weigh dozens of variables, including construction costs and the projected income of a project, often before any cash and deeds can be traded.
TestFit’s software is designed to help developers and architects do that work. TestFit says that in seconds it can develop a design that would create the most yield for a site with the cheapest construction cost.
The main challenge it faces
TestFit could face reduced demand for its product as higher interest rates slow real-estate development.
What it does
TestFit uses AI to create building designs for residential development projects, complete with comparisons of construction complexities and costs.
Sometimes squeezing in 400 apartment units isn’t the best solution. TestFit gives us the possibility to see different schemes and choose the best one for the best financial results.
Why it’s hot
Real-estate development requires contractors to weigh dozens of variables, including construction costs and the projected income of a project, often before any cash and deeds can be traded.
TestFit’s software is designed to help developers and architects do that work. TestFit says that in seconds it can develop a design that would create the most yield for a site with the cheapest construction cost.
The main challenge it faces
TestFit could face reduced demand for its product as higher interest rates slow real-estate development.
TESTfit for developers
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