Patent published on October 24, 2023

Wells Fargo's Patent Might Make Home Renovations Easier and Cheaper

The process of renovating a property is often a daunting task tangled in a web of aesthetic choices and financial constraints. Choosing the right shade of paint, deciding to knock down a wall or considering a new kitchen floor design, all while keeping an eye on the budget. People often face challenges in visualizing how their home improvements would turn out and assessing the costs. A newly patented system by Wells Fargo, with patent number US11798109B1, aims to address these concerns.

Envisioning how a change would look in your home can be a tough nut to crack. Furthermore, planning for these changes involves a complex web of budgeting, understanding market prices, and dealing with financial institution policies. As a result, property owners find it incredibly difficult to make informed decisions about their properties. Home improvement tasks often turn into long, arduous journeys navigating through seemingly insurmountable layers of intricacies.

But with Wells Fargo's new patent, a solution is in sight. The special computer system acts as a guide to choosing improvements for a property, allowing you to visualize the changes in a realistic, computer-generated environment. But perhaps, its most distinguishing feature is its financial advising capability. The system provides an estimated cost of the select changes using market data from other companies.

Step into an augmented reality where you can experiment with different aesthetic changes like wall colors, furniture placements or appliance choices and gain a real-time financial estimate for those changes. All of these features are designed to be viewed via special glasses that seamlessly blend technology with your perception of your real environment.

Isn't it interesting to think about a world where making home enhancements are made simpler and stress-free? It's just like trying on a new sweater before buying it. If you don't like the fit, style, or color, you take it off, and try on the next one. Except now, changes could be as immense as a new kitchen design or a different living room setup. The possibilities are endless. Moreover, the fact that you know the cost and can manage it while designing your dream space adds to its utility. Imagine, no more unpleasant surprises in the form of unexpected bills or costs.

P.S. Please note that this recently published patent by Wells Fargo is just that: a patent. It is not guaranteed that this product will hit the market, and even if it does, its functionality may vary from the patent's description. However, the proposed idea does offer an intriguing glimpse into what the future of home improvements could potentially look like.

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