I possess over 9 years of professional experience working with many clients and developers from all around the world. I have a variety of front-end programming skills and a vast knowledge of code styles. I enjoy sharing my skills and knowledge with others by contributing to the Open Source community and mentoring new developers.

Dariusz Pieńczykowski

I am a front-end developer specializing in ReactJS, JavaScript, C# and .NET. Focused on crafting functional and intuitive software, I work with software teams on building the high-performance web platforms.

Dawid Holisz

As a Ruby on Rails expert I collaborate with development teams to craft state-of-the-art functional software solutions. With a deep business focus and strive to constantly expand my skills I work in mixed technology environments. I specialize in code refactoring while implementing best pracctices of web development and compliance processes in project management.

Krzysztof Greń

My role as a Business Analyst is to get the best understanding of the client's business and its surroundings. Focusing on end-users' needs and pains along with analyzing the market trends allows me to help you with mitigating any related risks.

Maciej Hubert

\[TOC\]

The world is getting more digital! Lately, businesses of all sizes are developing their applications to grow and improve their presence on the internet. As we all know, creating a digital business in the form of websites and mobile applications is a challenging process. You must think about numerous things at once. One of the most important aspects to consider is choosing the coding method. Is it better to have a low, no, or custom code?

Isn't there a lot of ambiguity? Explore the article to learn about your project's finest app development platform.

## Which approach is best for your business?

Though they undoubtedly have a place in modern business domains, the low-code and no-code development methods fall short. This is because, without the assistance of skilled software developers, it is impossible to create a product without any flaws.

Enterprises that use the low-code or no-code development methodology rely on the platform to handle security. You will need to employ developers to modify your low-code program if you want it to meet your unique demands, and doing so will be expensive (very expensive!).

Because of this, customized development will always prevail over citizen development strategies. It is the only method to guarantee compliance and security.

However, this does not imply that low-code or no-code development is useless. Instead, companies can use it to create easy-to-use, non-business-critical apps or to communicate their specifications to a software development partner.

## What is Low Code Development?

Low-code development refers to the technique of creating apps without having to write thousands of lines of code. Business users can create an app mostly by sketching flowcharts in a low-code app builder, but you will need to write some code to deploy apps at some time.

According to [IDC](https://www.idc.com/research/viewtoc.jsp?containerId=US45599219), by 2024, low-code cloud-native technologies will be used to design and deploy over 500 million digital apps and services. That is the same amount of apps created in the previous four decades!

The low-code technique for app development is automated, simple, creative, and visual. Most underlying coding must be generated using tools without advanced, coding knowledge or skills, and your intended tasks must be defined at a high level. Your software developers are free to concentrate on more challenging software development projects as business users design these low-code apps to address important business concerns.

Not only corporate users and novice developers can create low-code apps. Even software developers can complement their specialized development stack with low-code solutions. But like everything else in life, low-code app and development environment also has some drawbacks that companies should think about before committing.

![Advantages of low-code](https://a.storyblok.com/f/86602/870x463/a9a682ef51/listy_advantages_disadvantages-0.png)

### Advantages of Low-Code Application Development

Here are the advantages of using Low-Code application development technique.

#### High Return on Investment (ROI) with Low Risk

Because low-code development platforms adhere to the highest industry standards and security best practices, you can rely on the most recent security algorithms to strengthen app infrastructure, data integration, and cross-platform compatibility.

Due to the highly customizable and secure aspect of the whole process, businesses can concentrate on their operational responsibilities and objectives in this situation. The promise of a high ROI makes this strategy helpful in reducing risk.

#### Faster Time to Market

Since low-code development protocols facilitate cross-platform development, you can create a completely working, minimal viable product (MVP) that runs on all platforms in the shortest time. This big advantage is that more conventional application development methods can't match.

<Baner name={frontend-developers} />

#### Saves Money and Resources

Without waiting for software developers to complete their present projects, business users can swiftly put their ideas into action. By working swiftly and efficiently at a lesser cost, citizen developers assist businesses in saving time, money, and resources.

#### Continuous Deployment

In contrast to standard software development, the low-code application development technique assists teams in solving any defects and unforeseen issues upon deployment. With just one click, you can rapidly undo changes to return to a stable version and address possible problems before they cause any difficulties.

#### Seamless Integration and Lifecycle Support

Low-code development platforms (SLDC) support the full software development lifecycle. CI/CD pipelines are a part of this. Project management and quality assurance testing tools are among the external connectors that low-code application builders offer.

![disadvantages of low-code](https://a.storyblok.com/f/86602/870x463/4738ba6a66/listy_advantages_disadvantages-0-2.png)

### Disadvantages of Low-Code Application Development

Some of the disadvantages of using Low-Code application development process are as follows:

#### Requires a Technical Background

It's a misconception that low-code programming doesn't require technical knowledge, despite what the marketing machine would have you believe. Despite the title, low-code development platforms require someone on the team to have high-level technical knowledge. For instance, learning about the needs and resources for low-code development requires much knowledge and effort.

#### Business Logic Complications

Low-code application development uses automation technologies to streamline workflows and quicken the prototype phase. Once you get past the prototype phase, business logic, however, becomes more complicated.

Business users become stuck at this phase and require technical team's assistance from a technical team with the expertise to complete the project. Because low-code development platforms are far from flawless, it's wise not to rely only on them. When companies choose a low-code development strategy alone, the entire project might jeopardize.

<ReadMore> Read also: [How To Build A Reliable Fintech SaaS Solution 101](https://selleo.com/blog/how-to-build-a-reliable-fintech-saas-solution-101) </ReadMore>

#### Limited Functionality

You can't expect to create something similar to your favorite mobile applications. Low code development tools have limited functionality even if they are undoubtedly a quick approach to creating business applications. The limitations of the low-code development tool are your only option for creating business apps.

When the drag-and-drop capability is insufficient, businesses must work with specialized software developers to design customized code and achieve innovative company concepts. It's important to remember, too, that incorporating customized code frequently costs far more than a fully unique solution you can create from the start.

#### Security Limitations

Businesses must deal with security and functional limits, which is problematic enough. Low-code solutions don't offer the same level of security as customized development solutions since you have limited control over data security. Additionally, since you don't have access to the source code, you are in the dark regarding any potential faults and weaknesses in the code.

### Types of apps most suitable for low code development

Low-code development tool helps businesses build web and mobile applications like the following:

* Customer engagement applications
* Employee engagement applications
* Enterprise IT business process applications
* Fusion team-developed composite applications
* Legacy modernization applications
* Operations optimization applications
* Process automation applications

![Low code development platform vendors](https://a.storyblok.com/f/86602/870x463/9edafac378/inside_low-code-development-platform-vendors.png)

### Low-code development platform vendors

Low-code platforms are provided by dozens of well-known and professional software providers, many of which are cloud-based. In its "2020 Magic Quadrant for Enterprise Low-Code Application Platforms," [Gartner gives roughly 20](https://www.gartner.com/en/documents/3991199) platforms a ranking.

Low-code platform vendors and tools include:

* Appian
* Claris FileMaker
* DWkit
* Google AppSheet
* Looker 7
* Mendix
* Microsoft PowerApps
* OutSystems
* Retool
* Robocoder Rintagi
* Salesforce Lightning
* Sisense
* Skyve Foundry
* Temenos (formerly Kony)
* SIB Visions VisionX
* Wix Editor X
* Yellowfin 9
* Zoho Creator

## What is No-Code Development?

No-code development enables non-technical individuals to create business apps without writing a single line of code based on its name. No-code applications, expressly made for people who are not programmers, assist business customers in creating and deploying straightforward programs. Pre-built templates covering typical business use cases make it possible to build apps without writing code. Nevertheless, the structures of these templates are simple and limited.

![advantages of no-code](https://a.storyblok.com/f/86602/870x463/04c45180b7/listy_advantages_disadvantages-0-3.png)

### Advantages of No-Code Application Development

Here are some of the advantages:

#### Highly Cost-Effective

No-code development is significantly less expensive than typical software development. This is because you are not required to acquire highly trained software developers amid a tech talent scarcity and bear all other associated overhead costs.

#### Faster Time to Market

The no-code method aids in accelerating time to market. Business users can easily construct and launch an app in a couple of days or hours by utilizing a drag-and-drop interface to create no-code applications. Enterprise users can swiftly automate testing procedures to quicken time to market even further.

#### Quickly Support and Update

No-code apps are reasonably simple to alter and update the code in. To introduce prospective modifications, you don't have to wade through lines of code. You must use the visual interface and its simple drag-and-drop feature whenever you wish to update a no-code app.

#### Flexible, extensible, and scalable

Unlike custom-built apps, no-code development is more flexible, scalable, and adaptive. As a result, companies don't need to invest in traditional software development to handle the addition of new functionality (as long as they are included in the template) or user growth.

### Disadvantages of No-Code Application Development

There are some disadvantages of using No-Code applications:

#### Platform Dependent

No-code platforms play a crucial role in developing any no-code apps that businesses create. This indicates that they have no control over factors like prices, the caliber of their services, or security. Therefore, if you choose a no-code development technique, be sure to take pricing volatility and altering terms and conditions into account.

#### Rigid Templates

The templates included with no-code application development solutions restrict your ability to customize the final product. This implies that businesses may need to alter their operational procedures to accommodate apps created using no-code solutions.

#### Security Concerns

Any time you use no-code technologies to create a business application, you run certain risks. Any potential source code flaw may make your no-code software vulnerable to exploitation.

<Baner name={contact-us} />

### Types of Applications Suited for No-Code Development

The no-code development is best suited for the following:

* Simple mobile apps
* Web applications
* Database applications for Back-Offices

### No-code development platform vendors

Appian, Mendix, Microsoft PowerApps, OutSystems, and Salesforce Lightning are just a few low-code systems that provide no-code functionalities.

The following companies also provide no-code tools:

* Airtable
* AppGyver
* AppSheet
* Appy Pie
* AWS Honeycode
* Betty Blocks
* Bubble
* Carrd
* Glide
* Gumroad
* Kissflow
* Memberstack
* Nintex
* Notion
* Outgrow
* Payhere
* Quickbase
* Shopify
* Stripe
* Umso (formerly Landen)
* Voiceflow
* Zapier
* Zudy Vinyl

![What is custom software development](https://a.storyblok.com/f/86602/870x463/67adfd8b2f/inside_what-is-custom-software-development.png)

## What is Custom Software Development?

The term "custom application development" refers to software creation from scratch. In this case, businesses either contract with a professional software development company or assign their software engineers the duty of gathering detailed requirements, creating a plan with timelines, and writing customized code to achieve both present and future business objectives.

Once all parties have approved the software development strategy, the custom development process can begin. The software development team will test, maintain, and upgrade the software after it is finished.

There are no citizen developers in the development of traditional or customized applications. When skilled application developers create these digital products, custom development offers several important benefits. However, there are a few drawbacks that companies must take into account.

![advantages of custom code](https://a.storyblok.com/f/86602/870x463/3a869e59db/listy_advantages_disadvantages-0-5.png)

### Advantages of Custom Application Development

The best benefits of using a custom application are as follows:

You Get Exactly What You Want

There are variations in every business. The development of customized applications will meet the individual needs of each business, each of which has its procedures and demands. In contrast to no-code development, organizations do not need to modify their existing procedures to fit the application.

#### Add/Remove Functions and Features as Needed

Your application has to be flexible enough to meet your changing needs as your business grows and changes. In this situation, a conventional development method enables you to add or delete features and functionalities as needed. This strategy improves corporate agility and adaptation to a market that is changing quickly.

#### Robust Security

You can look at the source code to strengthen it against prospective cyberattacks as soon as you receive it. The likelihood of threat actors penetrating your source code is negligible because it won't be made available to the general public.

#### Service and Support You Can Rely On

When a company teams up with a reputable software development services provider, it can count on dependable assistance throughout the SLDC. You can rely on knowledgeable and competent service and support whenever you need them during your long-term partnership with the software development partner.

#### Scalability

Scalability is simple when specialized solutions complex apps are developed. The only constraints you might encounter in this situation are a lack of resources and a talent gap in software engineering. But if you have a trusted technology partner to lead you on your custom development path, they are simple to address and resolve. An excellent partner will always provide the greatest tech stack, architecture, and a variety of engagement methods to help you maximize/save money.

In addition, a dependable IT partner has access to talent pools of skilled individuals located abroad or close to home, which will enable you to save time and money on the hiring process as well as onboarding and project ramp-up.

![disadvantages of custom code](https://a.storyblok.com/f/86602/870x463/98a177d78a/listy_advantages_disadvantages-0-6.png)

### Disadvantages of Custom Application Development

Custom application development is considered one of the best but still, there are some disadvantages attached to it.

#### High Costs

It costs money to completely design and develop a custom business application. When using a low-code or no-code strategy, you only pay for your service, not the whole SDLC. Custom development is not, however, as costly as some people claim. When organizations modify low-code or no-code development platforms to better meet their needs, the cost might be equal to or even more than when the low-code development is used.

Additionally, creating and administering databases manually without technical know-how can rapidly get expensive. The price will change, nevertheless, based on the use case and particular company needs.

#### Time and Resource Intensive

Each line of code requires time and resources to write. Before going live with the program, you must first identify your business requirements, create a software development strategy, create the application, test it, and retest it.

It will also take some time to describe your needs correctly if you have never worked on a customized programming project. After several rounds, you could also realize that you made mistakes throughout the development process and alter your requirements. Working with a professional application development provider who can walk you through the process if you want to avoid this possible problem is advisable.

<ReadMore> Read also: [Native Development Vs Cross-Platform Development](https://selleo.com/blog/native-development-vs-cross-platform) </ReadMore>

### Types of Applications Best Suited for Custom Development

Custom software development is well suited for any business or enterprise needing rapid application development. Nevertheless, we can claim that it's particularly fit for advanced techniques for regulated sectors where the requirement to guarantee strong security and compliance is vital (or just about every business model today).

## Summary

The experienced developers use standard coding techniques in conjunction with no-code, low-code collaboration when creating applications. Both strategies, when combined, have a strong future and a lot of potential in the digital age. If knowledgeable developers know how to approach and shape their software interface, customized coding offers a larger range of applications. Conversely, platforms that don't need coding will need additional features to entice non-techies to use them to create apps more rapidly. If you fully understand the software development life cycle then it is time to act!

[Contact us now!](https://selleo.com/contact)

No-code, low-code, or custom code? Find out which development approach is right for your project in our comprehensive comparison guide. Learn more now.

No Code Vs Low Code Vs Custom: What Is The Difference And Which One To Use?

Technology has brought a revolution in **teaching and learning**. Lectures no longer have to be held in the classroom thanks to the digital tools available for both students and instructors. What is more, students now have access to an unlimited number of resources and textbooks straight from their computers or mobile devices. Thanks to **learning management software** both parties can gather important information on their progress, strengths and weaknesses. Based on that, the platform can adjust the learning approach to individual students and make the entire process more enjoyable and effortless.

In 2019, the global **eLearning market** was worth around $101 billion while the learning management system market generated $18 billion. By 2026, the total eLearning market is forecasted to reach over [$370 billion](https://www.statista.com/statistics/1130331/e-learning-market-size-segment-worldwide/). eLearning increased learning retention rates by 25%-60% and it takes approximately [40% to 60% less time](https://techjury.net/blog/elearning-statistics/#gref) to complete a corporate eLearning compared to traditional learning.

Nearly 98% of companies declared to incorporate online learning into their corporate education. Is your business one of them? Are you looking for the right solution? In this post, I will tell you how to choose **the [best LMS](https://selleo.com/blog/open-source-lms-comparison) in 2022**.

## What is LMS software?

LMS is an **online learning management system** that can be used to create digital classrooms or to train employees. LMS offers features like skill tracking, course and content management, analytics with detailed statistics and gamification. Those systems can also be equipped with notifications, live chats to connect learners with instructors or allow test creation and file sharing. What is more, by choosing a **custom-made** solution companies are able to adjust the software according to their requirements and its main purpose. However, not everybody wants to build their own LMS as there is a lot of ready-made software available, which obviously has its pros and cons.

### Pros and cons of ready-made LMS

**Pros:**

* less expensive than building your own solution
* no need to worry about updates, improvements etc
* battle-tested by other users
* faster implementation
* some LMS are tailor-made for specific industries

**Cons:**

* no customization
* may lack some features while you need to pay for those you will not use
* adding new users may increase the costs
* you have to adapt to any changes

### When to choose a ready-made LMS?

A **ready-made LMS** is a great option for companies with a smaller budget and less specific needs. It is also a perfect choice for those on a time crunch as an out-of-a-box solution will take less time to get it up and running with a fraction of staff resources.

## What is a custom LMS?

![Img](https://a.storyblok.com/f/86602/720x386/01a86ad090/what-is-a-custom-lms.jpg)

When choosing the best LMS apart from ready-made solutions we can also distinguish so-called custom LMS. Custom Learning Management Systems means users **buy the software and install it** on their server. Such a solution gives you the power to develop and deploy online training to address the specific issues of your company.

Custom LMS allows full customization as far as the look or feel of the LMS goes, as well as extra capabilities, integrations and functionalities.

<Baner name={elearning} />

### Pros and cons of a custom LMS

**Pros:**

* fully customizable
* you have control over upgrades and updates
* no need to rely on external providers
* you only pay for what you need
* no compromises necessary

**Cons:**

* a more financial commitment
* it may be necessary to train or hire new people
* you need to improve and manage it
* you are responsible for fixing problems

<ReadMore> Read also: [How To Build A Learning Management System From Scratch](https://selleo.com/blog/how-to-build-a-learning-management-system-from-scratch) </ReadMore>

## Which learning management solution is right for your needs?

There is no universal answer to that question as it will depend on variables, for example, time frame, budget and IT capabilities. However, a ready-made LMS is still the most frequently chosen software, in comparison to its custom counterparts.

In Selleo, we believe it is possible to connect parts of the off-shelf LMS and [custom software](https://selleo.com/custom-software-development-company) and we have created many platforms like that. Having such a hybrid product will give you benefits like:

### 1. Cost-effectiveness

You get an application with pre-defined base features like course creation, authentication, roles or gradients.

### 2. Customization

First, you will get a working product with base components, which can be later expanded to better suit your needs.

### 3. Hosting

As your development team, we will handle hosting and deploying your application. The back-end developers will take care of performance issues, reliability and security.

### 4. Improved functionality

Skilled developers will choose specific elements and features to be added to your system in order to make it intuitive and user-friendly.

![Img](https://a.storyblok.com/f/86602/720x472/9f618a1d9f/branding.jpg)

### 5. Branding

The application can be customized with brand colours, logo at the very beginning to increase aesthetics and gain credibility. Good branding is crucial for brand recognition. You can read more about it on our blog [How To Build A Branding For Your Mobile App](https://selleo.com/blog/how-to-build-a-branding-in-your-mobile-app).

<Baner name={elearning-team} />

### 6. Fast implementation

A SaaS LMS combined with a custom LMS is super fast to implement since it is pre-built. within a few weeks, you will have a fully functional eLearning solution that you can use to train employees.

### 7. Less time-consuming

Our developers will decrease the waiting time by quickly implementing new functionalities or adjusting the existing ones.

### 8. Up-to-date

It is important to stay fresh and up-to-date. That is why, your application should be frequently updated with new styles, features etc.

### 9. Scalability

You are able to upscale or downscale your existing system when necessary and our backend developers will help you do so.

### 10. Addressing issues

If an issue occurs, our development team is always prepared to solve it.

### 11. Front-end support

Our front-end developers are able to add new functionalities, modify styles and fix bugs within your product. They are experts in what they do. By working with us you

get access to high quality and effective solutions. Our [developers are innovative](https://selleo.com/blog/outsourcing-frontend-development-to-poland) and use the latest technologies.

### 12. Back-end development

The backend engineers will help you with hostings, APIs, SSLs and will handle the security matters for you.

### 13. Graphic team

![Img](https://a.storyblok.com/f/86602/720x472/b40f45c5fb/graphic-team.jpg)

A fully-fledged graphic team will handle the design as well as UX/UI. They are handling this process in [6 easy steps](https://selleo.com/blog/6-steps-of-uxui-design-process). The most important aspect of the collaboration is mutual understanding combined with extensive market research. Our graphic team creates mockups in order to help you understand the vision, which is later turned into a working application.

### 14. QA

The QA team will cover functionality tests to **increase the usability, reliability and availability** of the app. Quality Assurance is an important process that determines whether the service follows a set of requirements. It aims to improve work **processes and efficienc**y while boosting credibility and customer confidence. QA identifies potential flaws and maximizes the quality of the product. At Selleo, we are convinced that QA is a crucial part of any successful project.

If you want to get more information about Quality Assurance, read our post [Why Do We Need Quality Assurance Engineers](https://selleo.com/blog/why-do-we-need-quality-assurance-engineers).

A custom-made learning management system will be optimized for your needs in order to create an online training platform perfect for you. Everything can be changed and adapted at any time.

## Wrapping up

Choosing the right solution is not an easy task and there are a lot of things that have to be taken into consideration. Like I mentioned above, time and budget will play the biggest role. We believe a custom LMS solution combined with some custom capabilities will not only be **cost-effective and scalable** but also fast to implement, constantly up-to-date and best suited for your requirements.

If you would like to build a custom learning management platform, contact our [fully-fledged team](https://selleo.com/software-development-team/elearning) of developers to schedule a call.

Nearly 98% of companies declared to incorporate online learning into their corporate education. Is your business one of them? Are you looking for the right solution?

Custom LMS Vs Ready-Made LMS: How To Choose The Best eLearning Software In 2022?

[TOC]

Any startup founder will know that software development is one of the most expensive parts of creating your company. If you haven’t found that out yet, then there’s all the more reason to be reading this article.

In this article, we’re going to run through:

* How much it costs to develop custom software solutions
* What the impacts of the cost of custom software are
* How to optimize your software development budget without having to compromise on the quality of the final custom software product.

These are all super important things to know as you move into the development process of any software projects, whether this be at the initiation phase of your company or later down the line as you begin to move into a new software project.

So, stay tuned as we bring you all of the answers. By the end of this article, you’ll be able to appreciate the real cost of custom software development and know how to save money on software costs.

## So, how much should I pay for a custom software solution?

![Img](https://a.storyblok.com/f/86602/720x459/466097554e/so-how-much-should-i-pay-for-a-custom-software-solution.jpg)

How much does custom software cost? Soltech puts the answer to this question in the bracket of between [$50,000 and $200,000](https://soltech.net/how-much-does-custom-software-cost/), with an average at roughly $75,000 thanks to a lot of software projects finding themselves at the bottom end of this scale.

If you’re reading this with a level of concern for your budget, we understand. This can be a pretty daunting bill at the best of times, with a bit of savviness and understanding, you won’t have to spend any more money on software costs than you absolutely have to.

<Baner name={software-development} />

First things first, you’re going to want to get a better software development cost estimation than that (kind of uselessly) broad bracket we just mentioned. Having a more accurate idea of your custom software development cost is useful for a few reasons. These include:

* **Budgeting:** when you know what your overall custom software development cost is going to be, you’ll have a clearer understanding of how much of your overall budget is going to be spent on the software development process, and how much you will have left over afterwards for the likes of advertising and more.
* **Money-saving:** if you’re a little bit startled by the software development cost, then don’t stress. It’s better to be surprised by the bill at the beginning of the development process rather than later down the line when it’s too late. You’ll have much more time to take money-saving steps this way around.
* **Choosing your project team:** good software development needs good software developers. Put some money from the overall project cost aside to make sure that you can get a strong software development team. Or, consider outsourcing the work to save more money. More on that later.

So, let’s take a look at what actually affects that overall custom software development cost. This way you can start to build a picture of what the final bill is going to look like, so that you can begin to shape your budget.

## What impacts the cost of custom software?

As you might expect, there are quite a few factors when it comes to figuring out what your overall software costs are going to be. Understanding what each of them is is going to get you one step closer to an accurate cost estimate.

![Img](https://a.storyblok.com/f/86602/720x278/ed25864331/what-impacts-the-cost-of-custom-software.jpg)

### Software size

First things first, you’ll need to figure out the size of your software. Some web apps are substantially bigger than others, as you know.

So, why not take a look at a similar application to the one you are considering building? This will allow you to comprehend the software size you are looking to build.

### Software complexity

Similar to the size of the software is its complexity. Software with a high level of design complexity is naturally going to cost a lot more than any software system that’s a little more basic.

Does your software need a really powerful UI? Does it need to do anything special that the next application does not? These are all factors of a software’s complexity.

### Software solution functionality

Under the same UI umbrella is the functionality of it. That being said, a piece of software can be low in complexity and high in functionality. This is because different functions of software are easier to build than others.

At this point, it might be worth patterning with professional software developers to gauge the cost to develop.

### Creative design

![Img](https://a.storyblok.com/f/86602/720x453/7ceb0ba0f6/creative-design.jpg)

If your software is of the outreach variety then it is naturally going to need to look impressive, and perhaps even more importantly so, it’s going to need to look different.

This is where you will need to be looking for developers with a high level of creative design skills. These guys can really make your software stand out from the crowd.

### Integration with other systems

This factor of the cost of software development has the potential to bring in the highest number of challenging variables that can have an impact on your overall software cost.

Some tools, such as PayPal or Equifax, cost minimal amounts of money to integrate but with some other, older tools, you might need to increase the budget a bit.

### Migration of existing data

Usually, bringing in existing data can be **pretty easy and effortless**.

However, if there are a lot of particular data sets you need to factor in, then you should probably begin to think about the cost of writing all of the scripts and performing the necessary testing to be able to do this.

We recommend considering each of these factors in some detail. After you’ve done this, you should be able to put together a more accurate cost estimate.

But let’s check out some other variables that can have an effect (either positive or negative) on your overall software costs.

<ReadMore> Read also: [MVP App Development | The Art Of Building A Product That Will Sell](https://selleo.com/blog/mvp-app-development) </ReadMore>

## What else affects your software development budget?

Having a strong understanding of the aforementioned cost factors is a great start, but let’s check out some other areas that can impact your cost.

Some of these are about saving money, others are about spending more. It’s up to you to be savvy enough to know which is which, and how to bring down the cost estimates further through this stage if you can.

### Developer skill sets

Every single software developer out there will have a **unique set of skills**, and so it remains that some of these guys will be much better suited to the project you are working on than others.

Figure out how many hours you are going to need to put into your project with [this guide](https://www.cleveroad.com/blog/software-development-costs) first of all. According to Thumbtack, an average software developer costs anywhere between [$75 and $400](https://www.thumbtack.com/p/software-development-costs) per hour.

Now, just do the maths! The more specialist your software developers need to be will probably put them closer to the higher end of that wage bracket.

Software development pricing is easier to do with the help of companies who specialise in bringing the right developers to the table. They can bring the average cost down significantly simply by making sure the right people end up at the right places.

### Hiring a development team

![Img](https://a.storyblok.com/f/86602/720x296/27138bc7d5/hiring-a-development-team.jpg)

Why not consider hiring a software development company to help with your software project? These kinds of companies will already be close-knit software developers who work well together, complete with a project manager.

This has the benefit of saving both time and money. We’ll explain exactly how that is the case and provide some information about how to choose the right expert companies shortly, so stick around!

### Location/Region

Where you are based and where your developers are is going to impact your budget as well. In different parts of the world, software developers are worth **different amounts of money**.

So, if you are reading about the cost of software development in one country, make sure that you work out the maths to be able to translate it into the country you are based in.

<Baner name={contact-us} />

## How to reduce software development costs

Now that we’ve managed to understand all of the different factors at play in the overall cost of custom software development, we should really take a look at how to bring some of those costs down!

You might have been reading this article with a slight sense of dread up to this point, and if this is the case, then pay particular attention to this part of the article!

Here are the best ways to reduce software development costs without having to compromise on your project requirements.

![Img](https://a.storyblok.com/f/86602/720x296/fe47158f86/how-to-reduce-software-development-costs_obszar-roboczy-1.jpg)

### The art of small steps: MVP

The MVP, or minimum viable product of your software project could make all the difference to how effectively you stay within your budget throughout the whole development process.

What we mean by **minimum viable product** is pretty self-explanatory. This is where you build the bare bones of your software application to find out how feasible the end goal is.

Here, you should build a table of contents for the software, and maybe email it out to some trusted potential end users to give it a try. You can then repeat this process with the same potential end users throughout the development process to make sure that they are still engaging with the project and providing good feedback on the software.

The MVP is a great part of the process to establish some market research, and it formulates the very beginning of the testing process. Just make sure that you are only including the very basic functions of your software at this stage to make sure that they are working first before you even think about building up.

That’s what we mean by the art of small steps.

### Open source and ready-made components

Open source code and tools are free and available online for anybody to use most of the time. Utilising these in your software can really bring your development costs down as it will save time and money from constantly building new things and writing new code.

Check out some open source code online right now to see what it can do for you.

### Choose friendly architecture

![Img](https://a.storyblok.com/f/86602/720x345/532f524b22/choose-friendly-architecture.jpg)

Make sure that you are automating as much as possible during the software development process, as it will save all of the time and money you can possibly imagine. This is just as good, if not better than using open source code in the first place.

It’s all about streamlining processes. If you can do this effectively, you are going to get a lot more bang for your buck.

### Partner with experts

If you need some help with getting all of the advice we have given up to this point to fall in line, then the best thing to do will be to partner with experts. There are plenty of amazing **[software development companies](https://selleo.com/)** out there that have everything you will need to make a fantastic end product.

Reach out to Selleo today for some information on how we can help you. We have a portfolio of some top work that you can check out to see what could potentially be in store for your own project. Not only will this bring you a higher level of quality than hiring your own team, but again, it will save you a lot of hassle in the form of both time and money.

### Strong process and testing

Using agile methodology in your software development process to stop you from picking up bugs in early stages, and then killing them quickly if they do arrive, will stop you from a lot of backlogging and frustration.

If you put together a team that is good at **testing** throughout the process then you are not only going to create a more secure and successful piece of software overall, but you are going to do it much more quickly and efficiently than if you skip any stage of the testing process.

## Summary

At first glance, the list of things that you need to consider as you go to develop a piece of software can look pretty exhaustive. This can be enough to put off some people from even beginning the process at all, and this can in turn lead to the downfalls of entire companies.

There is no need for your company to go in that direction. With a bit of support from the right people, you can put yourself in a position that a lot of startup founders never find themselves in.

Put yourself in touch with Selleo today and see how we can help you **streamline the entire development process**. We guarantee being able to save you a whole bunch of time, effort and inevitably stress by providing a team of software developers that has seen it all before.

**You’ll end up with a better quality product overall, and be amazed how much you can stay within your budget. [Reach out](https://selleo.com/contact) for a consultation today and see how we can help you!**

Any startup founder knows that software development is one of the most expensive parts of creating your company. If you haven’t found that out yet, read this article.

How Much Does It Cost To Build Custom Software? The Best Ways To Optimize Your Budget

Like any other business, real estate has also adopted the latest technologies to reduce cost and improve productivity. Instead of cold-calling clients, going door-to-door, and working diligently to have face-to-face interactions. Companies can streamline the lead process – from acquisition to closing – thanks to dedicated software. No matter if you are a broker or an agent, the secret to your success lies in choosing the right **Real Estate Software**.

With the increasing demand for technology in property, businesses can harness expanding opportunities by using the right software. Due to the advancement of technology and accessibility, around [41% of buyers and 54% of sellers](https://www.ibisworld.com/global/market-research-reports/global-commercial-real-estate-industry/) have bought or rent a property without visiting the physical place. Moreover, 56-58% of them prefer to close a deal virtually when there’s a great distance involved. The revenue of the global real estate market is expected to grow by 4,263.7 trillion dollars by 2025.

But, how to choose the custom software, and what features should businesses search for? Here you will find everything you need to know about Real Estate Software.

## What is Real Estate Software?

![Img](https://a.storyblok.com/f/86602/720x367/3075c8bc0e/what-is-real-estate-software.jpg)

Real Estate Software is a tool designed to **help professionals manage leads, customer contacts, client inquiries, marketing campaigns, hunting and listing new properties, and after-sales services**. It provides an entirely streamlined process for sales activities, opportunity hunting, and inventory management. From acquisition to selling a property, all of the activities involved are managed through a single and centralized platform.

Now, let’s discuss the types of Real Estate Software:

### Types of Real Estate Software

There are four general types of Real Estate Software:

### Real Estate CRM Software

This type of software helps to manage **communication** with clients. With an online CRM tool, brokers can collect clients' information such as their contact details, requirements for the property, budget, etc.

This centralized platform will let you:

* **Manage Data** \- You can add new information about the client and delete the unnecessary one. You can update the information anytime regarding their changing needs.
* **Lead Nurturing Automation** \- With a real estate CRM solution, you can tag clients with categories. The system will send them automatic emails and notifications whenever there is an opportunity they might be interested in. The tool also manages auto-responding to incoming texts.
* **Contract Management System** \- Helps to manage all your contracts with buyers and sellers. It also provides an option to set deadlines to set reminders for future transactions.

![Img](https://a.storyblok.com/f/86602/720x632/13614ebf11/real-estate-crm-software-features_obszar-roboczy-1.jpg)

Without CRM software, keeping track of clients' needs and the transaction is slow. A CRM package should arguably be the first thing you get to be as responsive as possible to clients.

<Baner name={real-estate-team} />

### Real Estate ERP Software

An ERP stands for Enterprise Resource Planning System. This type of tool is mainly designed to **manage day-to-day business activities**. It allows professionals to keep track of accounting activities, manage projects and risks. Brokerage houses need it to help them analyze their business's overall progress, commission ROI, and insights into how each office performs.

The Real Estate ERP software handles the most crucial tasks for brokers and agents. It lets people visualize how well their brokerage is doing and get valuable insights to help the business stay one step ahead of its competition.

### Real Estate Management Software

All businesses need management software to stop the waste of time and enhance productivity. Real estate management software is designed to help manage properties.

![Img](https://a.storyblok.com/f/86602/720x632/957d9d0b1d/real-estate-crm-software-features_obszar-roboczy-1-kopia.jpg)

* **Accounting** \- Wouldn't you want to keep a record of the company's money is at all times? Yes, you would, and it can be done more actively with management software.
* **Rent Properties Management** \- If you are handling the property on behalf of owners to manage rent, you need management software to keep every penny in the pocket. Rent can be deposited by any means such as cash, check, or even credit card.
* **Manage Tenants Agreements** \- With management software, you can create a database for all tenants. You can store all information such as agreements, correspondence, decisions, renewals, and rent information in the database. This functionality is vital to ensure legal compliance with all local ordinances.

### Virtual Tour Tools

Why spend money and waste time going back and forth to show the property to a potential client when you can do it virtually. The virtual real estate tool helps you speed up the selling process by assisting customers in narrowing down their choices without you driving them all over the town.

The tool is handy to show properties to out-of-town buyers.

<ReadMore> Read also: [How To Build Property Management Software From Scratch](https://selleo.com/blog/how-to-build-property-management-software-from-scratch) </ReadMore>

## Top 5 Benefits of Real Estate Software

But how will a custom real estate solution **maximize the value** of your commercial property business? Reducing the cost of transactions, providing deep analysis, keeping information at one centralized point are some of the benefits we have already discussed. Here are some other advantages of using Real Estate Software.

### Integration throughout the Process

Most property businesses operate in many formats, and all of them are integrated effectively into the software. There are various fields to be worked on, including websites, direct contacts, social media, internet publicity, farming, etc. Creating and managing separate accounts for each of them is inefficient and time-consuming in the long run, as the data ultimately needed should be in compiled form.

Consolidated data from these various sources is a great advantage. It is achievable even when the company is running on limited resources. However, when the number of clients and their requirements grows, it becomes impossible to address them manually.

**![Img](https://a.storyblok.com/f/86602/720x367/e6c731cae5/integration-throughout-the-process.jpg)**

Managing the company's web page, navigating on various platforms and any improvements that can be made with a single command becomes easy only with the help of Real Estate software.

### Managing Clients’ Contacts

Another advantage of using Real Estate Software is that it allows you to keep track of your clients' contact details. For direct entry, groups can be formed. There are areas and designs available for building a comprehensive customer knowledge portfolio.

Real Estate Software helps you set up systematic instructions for sending out birthday, anniversary, or other special day greetings, dated and included with the client's records. As a result, there is never a chance to overlook an important event. Along with generating new customers, it also helps you remain in touch with former clients, helping you retain long-term relationships, which is beneficial for the company.

### Managing Employees’ Records

![Img](https://a.storyblok.com/f/86602/720x367/048530b753/managing-employees-records.jpg)

Real Estate software offers **multiple logins**, as well as the ability to use a single account for multiple users. Organizational structure is essential, and a well-groomed hierarchy can be built with the aid of software. This helps in the successful monitoring and production of regular reports. Employees can also take advantage of it by preventing duplication of efforts, arranging sessions and inspections, and generating task alerts, among other items.

### Reports and Analysis

Real Estate Software generates detailed reports on a regular, monthly, or annual basis. Every responsible company should actively analyze their performance and ROI to determine what has gone well and what should be done in the future.

These reports also show pending activities and map assets to every open investigation, which is helpful if you have goals to meet. They also offer insight into the methods used, indicating how successful the advertising or marketing channel was. This allows the company to be more careful about future campaigns, such as modifying an email topic, making it more action-oriented, and excluding the stuff that did not perform well.

### Payment Management

The software allows the company to **set, manage, and carry out payment plans**. Any data relating to the properties can be stored and measured. The details about the contract extension, lease termination, and associated documents should be kept updated.

![Img](https://a.storyblok.com/f/86602/720x367/752adcf83c/payment-management.jpg)

When you use Real Estate Software, you will never miss out on anything significant. There may also be software-based alerts that allow for prompt behaviour. Any charges that must be collected and any costs associated with the estate should be coordinated so that no fines are imposed. Furthermore, the software helps you send out prompt alerts to those who owe you money, resulting in a positive business relationship.

<ReadMore> Our [Real Estate custom software](https://selleo.com/portfolio#real-estate) solutions </ReadMore>

## Key Features of Custom Real Estate Software

Key features are the ones that every Real Estate Software must have. If any solution lacks any given feature, it means the functionality of that software will be doubtful.

![Img](https://a.storyblok.com/f/86602/720x530/4538799486/key-features-of-custom-real-estate-software.jpg)

### 3D Walkthrough of the Property

Your potential buyers will virtually visit the property of their interest without ever leaving their home. Provide a **3D view** of the property so your clients can choose the one that fulfils their requirements.

### Advanced Location Search

The corresponding property is shown right on the map, making it easy for clients to search. The number of bedrooms, price, region and city can all be used to narrow down property hunting.

### Property listing

Clients may display available properties in a list format, making the house hunting process much more effective. The app's user-friendly interface acts as a helpful tool.

### Short-Term Rental Properties

This feature would appeal to visitors to the area for special occasions or businesses that need short-term accommodations.

### E-Signature Feature

Both records related to purchasing, selling, or refinancing should be kept in one place. It expedites contract completion by obtaining electronic signatures and streamlines transactions from beginning to end.

### Data-driven Insights

As a result, customers get an optimized view of the house. Real estate companies can shape the financial future. Client preferences are captured in a formal database. Buyers and sellers alike profit from the trustworthiness of the appraisals.

### Artificial Intelligence

Clients can get details immediately, and agents can have a personal assistant working with them 24 hours a day, seven days a week.

### Valuation Models Automation

Allowing users to generate sales and cost information to assess a transaction quickly would maximize both reliability and objectivity.

### Advertising & Marketing

Allows you to target the properties using a snapshot, Google, Facebook, and Instagram's geofencing adoptions.

### GPS integration

Provides simple property hunting and serves as a boon for professional individuals. It offers location-based routing and navigational solutions.

### Calculators for Interest Rates

Provides statistics on total future revenues, gross and net revenues, gross rent multipliers, capitalization levels, pre/post-tax cash flow, break-even ratios, and return on equity.

<Baner name={real-estate} />

## 2021 Digital Transformation and Trends in Real Estate

Digital transformation in real estate didn’t happen as quickly as in other industries, because the industry is based on hospitality and construction. However, dedicated software solutions and technology integration into practices are already making their way into the sphere.

Here’re some of the most talked-about transformation and trends in the industry brought by software development.

### The trend of BIG DATA and Implementation of CRM

**Big data** is prominent in the real estate industry. Data analytics is important for effective business growth and revenue generation since it involves real property artefacts, their attributes, owners, businesses, landlords, and agents.

CRM software can assist you in a variety of areas in this situation. On the one hand, it will show you prospective clients, their habits, and their desires. On the other, it may be used to forecast business trends, property purchase or investment prospects, and cost. You can no longer run a real estate company without customized software solutions and CRM tools for better personnel, resource, and client management, as well as better record management and control from anywhere at any time.

### AI, Machine Learning and Analytics

**Artificial Intelligence** and predictive modelling are now the real estate market's valuable concepts. [Those that do not engage in analytics by 2021](https://www.forbes.com/sites/danielnewman/2019/07/14/top-10-digital-transformation-trends-for-2020/#3e9d1d2e76be) are unable to succeed.

![Img](https://a.storyblok.com/f/86602/720x367/76ac3cec49/ai-machine-learning-and-analytics.jpg)

Artificial Intelligence can expose future cash flow, assist agents in matching assets to buyers, and offer insightful insights into markets, property objects, and even ROI from the rent. AI and deep learning have taken the sphere's technologies to the next level, excelling at data processing through real estate analytics applications that are intuitive, simple to use, and consistent. Their pace and precision are predicted to increase significantly by 2020, which is why these are the developments worth investing in right now.

### Shifting to Cloud Storage

Among the emerging digital real estate developments, **cloud property management** applications are becoming increasingly prominent. Such functionality provides fast and efficient access to property information and financial details at any time and from any place.

Property owners and renters will simply log into the system and do whatever searches they choose. It is no longer necessary to send emails or make phone calls. It also has the added advantage of reducing the volume of contact.

### Blockchain Technology

It's useless to address new digital developments without discussing **Blockchain**, and real estate is no exception. We can foresee further properties being marketed using blockchain technologies in 2020. The transfers are then done without the need for any middlemen or bank authentication.

Even though the system was overhyped in 2019, it now has practical examples outside payments and digital currencies. Blockchain can be commonly used in real estate and asset management, giving it a new perspective on life. It can now be considered a live web-based real estate market with an active business that benefits from increased transparency. With this cutting-edge technology, financial fraud and cyber-attacks have a tiny chance. It's because there's no single authority in charge of keeping track of all transactions.

### Smartphone Apps

In the rapidly evolving and challenging world, mobility is the secret to success and a major advantage. Most development processes for CRM and Real Estate Software products already include **mobile applications**, but the next few years will be more popular and practical.

![Img](https://a.storyblok.com/f/86602/720x367/6b3baceeb8/smartphone-apps.jpg)

Agents can access property information, the necessary documents, and tools, even on the go, at any time, and obtain any necessary information at the palm.

## How to Choose the Right Real Estate Software Development Company?

If you have decided to go with a custom build real estate solution for your business, then selecting the right software development company will be the first step towards success.

There are a lot of factors that a business should consider during the process. Many companies prioritize the lowest cost instead of prioritizing the quality and sustainability of the software development company. Read our detailed article on “[How to choose a Custom Software Development Company](https://selleo.com/blog/how-to-choose-a-software-development-company)” before heading into the market for making your selection.

## Conclusion

Real Estate Software empowers builders, brokers, and agents with an end-to-end sales automation and customer engagement process. The software can find the perfect match for user’s property needs, allowing users to customize the system and many features that will grow your business.

If you need a **custom software development company** to lead your way and guide you at every step while building a real estate solution, then contact us. At [Selleo](https://selleo.com/contact), we work to fulfil all your requirements and deliver out-of-the-box final products that improve your business productivity and provide long-live sustainability.

How to choose the right Real Estate software, and what features should businesses search for? Here you will find everything you need to know about Real Estate software.


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