Drones The Appraisers Next Great ToolPosted In Appraisal Valuation Drones By Sehar Siddiqi On July

Drones The Appraisers Next Great ToolPosted In Appraisal Valuation Drones By Sehar Siddiqi On July

After years of consideration, the Federal Aviation Administration (FAA) has finally publishedrules on how to integrate drones safely into the National Airspace System (NAS). There is now an easy to understand system and set of rules which anyone flying a drone must follow. This booming and exciting new technology is making its debut in many different fields of commerce and real estate is no exception. An interesting question arises from all of this. Should real estate appraisers consider using this technology when appraising real estate? The simple answer is,absolutely.Image title

It’s been a long time since a new technology, other than software and gadgets that can measure and take notes in the field, has been available to us and I find it very exciting.

Our office has utilized aerial photographs in an appraisal on more than several occasions. Here are some examples: pictures of a new roof system installed on an older improvement; large acreage tracts that the client wanted in order to know more about forestation and topography; proximity to surrounding properties or features such as rivers, lakes, commercial buildings, and power lines – just to name a few. This bird’s eye view can provide the client with a much better idea of the neighborhood surrounding a property and physical characteristics of the property itself. To coin a phrase, “a picture is worth a thousand words.”Image title


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Phone: 615-397-4370
Dated: March 3rd 2017
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