Inspiration
After moving to Texas, one of the largest growing states in population since the Pandemic, buying a house, especially as a first time buyer, was very difficult due to the large amount of variation in prices for seemingly the same statistics for the house. With many people, including my own family struggling with this issue, I started to brainstorm possible solutions that could benefit realtors selling properties and also buyers with understanding the proper valuation of a home. With this, HomeAI was born.
What it does
HomeAI accurately predicts the price of a property in Texas through the use of an XGBoost model with L1 and L2 regularization, whether single-family, townhomes, or even just land. With this prediction value, the model also accurately predicts the property's future return on investment (ROI) over a certain number of years using data made publicly available by the United States. This way, the model is beneficial for consumers, so that they can stay out of Real Estate Scams and accurately evaluate the price of a house, and also for realtors, who are looking to purchase a house as an investment for the future.
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